CaesarStone Sdot-Yam Ltd. Stock Forecast
CaesarStone Sdot-Yam Ltd. stock price ended at $6.31 on Wednesday, after losing 0%.
(Updated on May 01, 2024)
No changes to the price of CaesarStone Sdot-Yam Ltd. stock on the last trading day (Wednesday, 1st May 2024). During the last trading day the stock fluctuated 4.01% from a day low at $6.23 to a day high of $6.48. The price has risen in 5 of the last 10 days and is up by 14.1% over the past 2 weeks.
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 49.13% during the next 3 months and, with a 90% probability hold a price between $7.24 and $10.31 at the end of this 3-month period.
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CSTE Signals & Forecast
The CaesarStone Sdot-Yam Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $6.31 and $4.98. A breakdown below any of these levels will issue sell signals. 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 24, 2024, and so far it has fallen -6.24%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for CaesarStone Sdot-Yam Ltd. stock
CaesarStone Sdot-Yam Ltd. finds support from accumulated volume at $6.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.250 between high and low, or 4.01%. For the last week the stock has had daily average volatility of 6.64%.
Our recommended stop-loss: $5.96 (-5.53%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (CSTE) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect CaesarStone Sdot-Yam Ltd. to open at $6.34, and during the day (based on 14 day Average True Range), to move between $5.93 and $6.69, which gives a possible trading interval of +/-$0.381 (+/-6.04%) 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 12.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $6.15 (2.54%) than the resistance at $6.47 (2.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
CaesarStone Sdot-Yam Ltd. will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.160. We will update the financials statements for CaesarStone Sdot-Yam Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.62% in the first trading day after earnings release.
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: 2.415 Buy Candidate Unchanged
Predicted Opening Price for CaesarStone Sdot-Yam Ltd. of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| $6.34 ( 0.475%) | $6.31 |
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 | 6.59 | 4.44 % | |
| R2 | 6.49 | 2.92 % | ||
| R1 | 6.44 | 1.99 % | ||
| Current price: | 6.31 | |||
| Support | S1 | 6.24 | -1.04 % | |
| S2 | 6.19 | -1.97 % | ||
| S3 | 6.09 | -3.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 6.73 | 6.66 % | ||
| R1 | 6.47 | 2.54 % | ||
| Current price | 6.31 | |||
| Support | S1 | 6.15 | -2.54% | |
| S2 | 5.67 | -10.14% | ||
| S3 | 5.12 | -18.86% |
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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