Direct Insurance-Financial Investments Stock Forecast
Red day on Thursday for Direct Insurance-Financial Investments
(Updated on Apr 25, 2024)
The Direct Insurance-Financial Investments stock price fell by -1.69% on the last day (Thursday, 25th Apr 2024) from ₪48,000.00 to ₪47,190.00. During the last trading day the stock fluctuated 1.95% from a day low at ₪47,080.00 to a day high of ₪48,000.00. The price has fallen in 6 of the last 10 days and is down by -10.78% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₪86.40 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₪46,271.14 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.71% during the next 3 months and, with a 90% probability hold a price between ₪47,987.51 and ₪56,283.67 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
DIFI.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.533%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Direct Insurance-Financial Investments stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₪47,737.14 and ₪49,090.00. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Direct Insurance-Financial Investments stock
Direct Insurance-Financial Investments finds support from accumulated volume at ₪47,000.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₪920.00 between high and low, or 1.95%. For the last week, the stock has had daily average volatility of 2.90%.
Direct Insurance-Financial Investments is oversold on RSI14 (21). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: ₪44,165.32 (-6.41%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 21 which reduces the risk some. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (DIFI.TA) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Direct Insurance-Financial Investments Ltd. to open at ₪47,423.33, and during the day (based on 14 day Average True Range), to move between ₪45,617.16 and ₪48,762.84, which gives a possible trading interval of +/-₪1,572.84 (+/-3.33%) up or down from last closing price. If Direct Insurance-Financial Investments Ltd. takes out the full calculated possible swing range there will be an estimated 6.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪47,000.00 (0.40%) than the resistance at ₪47,680.00 (1.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Direct Insurance-Financial Investments Ltd. stock A Buy?
Direct Insurance-Financial Investments holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.499 Hold/Accumulate Unchanged
Predicted Opening Price for Direct Insurance-Financial Investments Ltd. of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ₪47,423.33 ( 0.494%) | ₪47,190.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIFI.TA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48,343.33 | 2.44 % | |
| R2 | 47,991.89 | 1.70 % | ||
| R1 | 47,774.77 | 1.24 % | ||
| Current price: | 47,190.00 | |||
| Support | S1 | 47,071.89 | -0.250 % | |
| S2 | 46,854.77 | -0.710 % | ||
| S3 | 46,503.33 | -1.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49,670.00 | 5.26 % | |
| R2 | 48,300.00 | 2.35 % | ||
| R1 | 47,680.00 | 1.04 % | ||
| Current price | 47,190.00 | |||
| Support | S1 | 47,000.00 | -0.403% | |
| S2 | 46,900.00 | -0.615% | ||
| S3 | 46,850.00 | -0.720% |
DIFI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 14, 2023 | Dec 14, 2023 | Dec 14, 2023 | ₪0 | 0% |
| 2 | Sep 03, 2023 | Sep 03, 2023 | Sep 03, 2023 | ₪604.12 | 1.34% |
| 3 | May 31, 2023 | May 31, 2023 | May 31, 2023 | ₪799.97 | 1.86% |
| 4 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | ₪712.67 | 1.58% |
| 5 | Nov 27, 2022 | Nov 27, 2022 | Nov 27, 2022 | ₪936.61 | 1.44% |
FAQ
Click here for our free guide on how to buy Direct Insurance-Financial Investments Ltd. Stock.
