Energix - Renewable Energies Ltd Stock Forecast
Energix - Renewable Energies Ltd stock downgraded to Sell Candidate
(Updated on Jun 27, 2024)
The Energix - Renewable Energies Ltd stock price fell by -0.91% on the last day (Thursday, 27th Jun 2024) from ₪1,428.00 to ₪1,415.00. During the last trading day the stock fluctuated 2.15% from a day low at ₪1,393.00 to a day high of ₪1,423.00. The price has fallen in 5 of the last 10 days and is down by -1.19% for this period. Volume has increased on the last day by 867 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, 1 million shares were bought and sold for approximately ₪1.87 billion.
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 ₪1,389.84 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 6.44% during the next 3 months and, with a 90% probability hold a price between ₪1,479.32 and ₪1,703.01 at the end of this 3-month period.
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ENRG.TA Signals & Forecast
There are mixed signals in the stock today. The Energix - Renewable Energies 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 ₪1,476.00. On a fall, the stock will find some support from the short-term average at ₪1,414.00. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.17%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Energix - Renewable Energies Ltd stock
Energix - Renewable Energies Ltd finds support from accumulated volume at ₪1,401.00 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 ₪30.00 between high and low, or 2.15%. For the last week, the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENRG.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Energix - Renewable Energies Ltd to open at ₪1,410.33, and during the day (based on 14 day Average True Range), to move between ₪1,373.66 and ₪1,456.34, which gives a possible trading interval of +/-₪41.34 (+/-2.92%) up or down from last closing price. If Energix - Renewable Energies Ltd takes out the full calculated possible swing range there will be an estimated 5.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪1,401.00 (0.99%) than the resistance at ₪1,435.00 (1.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Energix - Renewable Energies Ltd stock A Buy?
Energix - Renewable Energies 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.935 Sell Candidate Downgraded
Predicted Opening Price for Energix - Renewable Energies Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪1,410.33 ( 0.330%) | ₪1,415.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENRG.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,440.33 | 1.79% |
| R2 | 1,428.87 | 0.98% |
| R1 | 1,421.79 | 0.480% |
| Price | 1,415.00 | |
| S1 | 1,398.87 | -1.14% |
| S2 | 1,391.79 | -1.64% |
| S3 | 1,380.33 | -2.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,544.00 | 9.12% |
| R2 | 1,448.00 | 2.33% |
| R1 | 1,435.00 | 1.41% |
| Price | 1,415.00 | |
| S1 | 1,401.00 | -0.99% |
| S2 | 1,400.00 | -1.06% |
| S3 | 1,346.00 | -4.88% |
ENRG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 18, 2024 | ₪10.00 | 0.701% |
| 2 | Mar 19, 2024 | Mar 19, 2024 | Mar 27, 2024 | ₪20.00 | 1.48% |
| 3 | Nov 28, 2023 | Nov 28, 2023 | Dec 12, 2023 | ₪7.00 | 0.578% |
| 4 | Aug 21, 2023 | Aug 21, 2023 | Aug 21, 2023 | ₪7.00 | 0.578% |
| 5 | May 30, 2023 | May 30, 2023 | May 30, 2023 | ₪7.00 | 0.591% |
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