Direct Insurance-Financial Investments Stock Forecast
Red day on Friday for Direct Insurance-Financial Investments
(Updated on May 03, 2024)
No changes to the price of Direct Insurance-Financial Investments stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 0% from a day low at ₪47,190.00 to a day high of ₪47,190.00. The price has been going up and down for this period, and there has been a -0.59% loss for the last 2 weeks.
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 ₪46,058.54 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 3.25% during the next 3 months and, with a 90% probability hold a price between ₪47,554.74 and ₪56,127.12 at the end of this 3-month period.
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DIFI.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has fallen 0%. 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 ₪47,305.71 and ₪49,287.43. 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 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". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Monday, March 04, 2024 and based on theory for this formation the price should fall by 0% to ₪47,190.00 within 6 trading days since signal was issued (Monday, May 06, 2024).
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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₪0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Direct Insurance-Financial Investments is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: ₪44,028.27 (-6.70%) (This stock has low daily movements and this gives low risk. Low RSI14 is 15 which reduces the risk some. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (DIFI.TA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Direct Insurance-Financial Investments Ltd. to open at ₪47,190.00, and during the day (based on 14 day Average True Range), to move between ₪46,104.55 and ₪48,275.45, which gives a possible trading interval of +/-₪1,085.45 (+/-2.30%) 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 4.60% 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Direct Insurance-Financial Investments Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₪47,190.00 ( 0%) | ₪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 | 47,190.00 | . | |
| R2 | 47,190.00 | . | ||
| R1 | 47,190.00 | . | ||
| Current price: | 47,190.00 | |||
| Support | S1 | 47,190.00 | . | |
| S2 | 47,190.00 | . | ||
| S3 | 47,190.00 | . |
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
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