El Al Israel Airlines Ltd Stock Forecast
El Al Israel Airlines Ltd stock price ended at ₪476.70 on Thursday, after losing 0.98%.
(Updated on Apr 18, 2024)
The El Al Israel Airlines Ltd stock price fell by -0.98% on the last day (Thursday, 18th Apr 2024) from ₪481.40 to ₪476.70. During the last trading day the stock fluctuated 3.77% from a day low at ₪470.00 to a day high of ₪487.70. The price has risen in 5 of the last 10 days and is up by 10.83% over the past 2 weeks. 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 -2 million shares and in total, 3 million shares were bought and sold for approximately ₪1.34 billion.
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 23.09% during the next 3 months and, with a 90% probability hold a price between ₪543.03 and ₪711.82 at the end of this 3-month period.
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ELAL.TA Signals & Forecast
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. The El Al Israel Airlines Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₪482.16. On a fall, the stock will find some support from the short-term average at ₪466.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -11.72%. Further fall is indicated until a new bottom pivot has been found. 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 El Al Israel Airlines Ltd stock
El Al Israel Airlines Ltd finds support from accumulated volume at ₪462.50 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 ₪17.70 between high and low, or 3.77%. For the last week, the stock has had daily average volatility of 3.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ELAL.TA) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect El Al Israel Airlines Ltd to open at ₪478.13, and during the day (based on 14 day Average True Range), to move between ₪456.23 and ₪497.17, which gives a possible trading interval of +/-₪20.47 (+/-4.29%) up or down from last closing price. If El Al Israel Airlines Ltd takes out the full calculated possible swing range there will be an estimated 8.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪462.50 (2.98%) than the resistance at ₪497.90 (4.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is El Al Israel Airlines Ltd stock A Buy?
El Al Israel Airlines Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.780 Sell Candidate Unchanged
Predicted Opening Price for El Al Israel Airlines Ltd of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| ₪478.13 ( 0.301%) | ₪476.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELAL.TA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 495.83 | 4.01 % | |
| R2 | 489.07 | 2.60 % | ||
| R1 | 484.89 | 1.72 % | ||
| Current price: | 476.70 | |||
| Support | S1 | 471.37 | -1.12 % | |
| S2 | 467.19 | -1.99 % | ||
| S3 | 460.43 | -3.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 522.20 | 9.54 % | |
| R2 | 499.90 | 4.87 % | ||
| R1 | 497.90 | 4.45 % | ||
| Current price | 476.70 | |||
| Support | S1 | 462.50 | -2.98% | |
| S2 | 434.90 | -8.77% | ||
| S3 | 430.10 | -9.78% |
ELAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2017 | May 09, 2017 | May 09, 2017 | ₪58.40 | 2.94% |
| 2 | Aug 25, 2016 | Aug 25, 2016 | Aug 25, 2016 | ₪112.00 | 5.74% |
| 3 | Mar 31, 2016 | Mar 31, 2016 | Mar 31, 2016 | ₪93.32 | 5.26% |
| 4 | Aug 13, 2015 | Aug 13, 2015 | Aug 13, 2015 | ₪152.00 | 17.02% |
| 5 | Jan 08, 2008 | Jan 08, 2008 | Jan 08, 2008 | ₪18.67 | 1.27% |
FAQ
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