CaesarStone Sdot-Yam Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
CaesarStone Sdot-Yam Ltd. stock price down 1.63% on Thursday
(Updated on Apr 18, 2024)
The CaesarStone Sdot-Yam Ltd. stock price fell by -1.63% on the last day (Thursday, 18th Apr 2024) from $5.53 to $5.44. During the last trading day the stock fluctuated 2.85% from a day low at $5.43 to a day high of $5.59. The price has risen in 7 of the last 10 days and is up by 30.77% over the past 2 weeks. Volume has increased on the last day by 21 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 74 thousand shares were bought and sold for approximately $400.23 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.20% during the next 3 months and, with a 90% probability hold a price between $4.96 and $7.51 at the end of this 3-month period.
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CSTE Signals & Forecast
The CaesarStone Sdot-Yam Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $5.53. On a fall, the stock will find some support from the long-term average at approximately $4.49. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -11.54%. Further fall is indicated until a new bottom pivot has been found. CaesarStone Sdot-Yam Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for CaesarStone Sdot-Yam Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at $5.12 and $4.48. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, CaesarStone Sdot-Yam Ltd. finds support just below today's level at $5.12. If this is broken, then the next support from accumulated volume will be at $4.48 and $4.09.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved $0.155 between high and low, or 2.85%. For the last week, the stock has had daily average volatility of 7.04%.
Our recommended stop-loss: $5.19 (-4.68%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (CSTE) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect CaesarStone Sdot-Yam Ltd. to open at $5.49, and during the day (based on 14 day Average True Range), to move between $5.09 and $5.79, which gives a possible trading interval of +/-$0.351 (+/-6.46%) up or down from last closing price. If CaesarStone Sdot-Yam Ltd. takes out the full calculated possible swing range there will be an estimated 12.92% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.45 (0.18%) than the support at $5.12 (5.88%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is CaesarStone Sdot-Yam Ltd. stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for CaesarStone Sdot-Yam Ltd. stock to perform well in the short-term.
Current score: 1.621 Buy Candidate Unchanged
Predicted Opening Price for CaesarStone Sdot-Yam Ltd. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $5.49 ( 0.83%) | $5.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSTE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.64 | 3.68 % | |
| R2 | 5.58 | 2.59 % | ||
| R1 | 5.54 | 1.92 % | ||
| Current price: | 5.44 | |||
| Support | S1 | 5.43 | -0.261 % | |
| S2 | 5.39 | -0.93 % | ||
| S3 | 5.33 | -2.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.15 | 13.05 % | |
| R2 | 5.67 | 4.23 % | ||
| R1 | 5.45 | 0.184 % | ||
| Current price | 5.44 | |||
| Support | S1 | 5.12 | -5.88% | |
| S2 | 4.48 | -17.65% | ||
| S3 | 4.09 | -24.82% |
CSTE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 04, 2022 | Aug 16, 2022 | Sep 07, 2022 | $0.250 | 2.48% |
| 2 | Nov 08, 2021 | Nov 16, 2021 | Nov 30, 2021 | $0.100 | 0.90% |
| 3 | May 05, 2021 | May 17, 2021 | Jun 01, 2021 | $0.210 | 1.24% |
| 4 | Nov 05, 2020 | Nov 17, 2020 | Dec 09, 2020 | $0.140 | 1.17% |
| 5 | Nov 06, 2019 | Nov 19, 2019 | Dec 10, 2019 | $0.150 | 1.00% |
FAQ
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