Epitomee Medical Ltd Stock Forecast
Epitomee Medical Ltd stock price fell more than -7.08% Thursday closing at ₪316.30
(Updated on Jun 27, 2024)
The Epitomee Medical Ltd stock price fell by -7.08% on the last day (Thursday, 27th Jun 2024) from ₪340.40 to ₪316.30. During the last trading day the stock fluctuated 9.45% from a day low at ₪311.00 to a day high of ₪340.40. The price has fallen in 6 of the last 10 days and is down by -0.94% for this period. Volume has increased on the last day by 315 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, 23 thousand shares were bought and sold for approximately ₪7.22 million.
The stock lies in the lower part of a very 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 ₪298.36 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 7.61% during the next 3 months and, with a 90% probability hold a price between ₪321.06 and ₪462.04 at the end of this 3-month period.
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EPIT.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 6.97%. 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 Epitomee Medical Ltd 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 ₪317.27 and ₪331.29. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Epitomee Medical Ltd stock
Epitomee Medical Ltd finds support from accumulated volume at ₪309.80 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 ₪29.40 between high and low, or 9.45%. For the last week, the stock has had daily average volatility of 8.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EPIT.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Epitomee Medical Ltd to open at ₪322.57, and during the day (based on 14 day Average True Range), to move between ₪294.59 and ₪338.01, which gives a possible trading interval of +/-₪21.71 (+/-6.87%) up or down from last closing price. If Epitomee Medical Ltd takes out the full calculated possible swing range there will be an estimated 13.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪309.80 (2.06%) than the resistance at ₪340.10 (7.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Epitomee Medical Ltd stock A Buy?
The Epitomee Medical Ltd stock holds several negative signals and despite the positive trend, we believe Epitomee Medical Ltd will perform weakly in the next couple of days or weeks. Therefore, we 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: -1.591 Sell Candidate Downgraded
Predicted Opening Price for Epitomee Medical Ltd of Friday, June 28, 2024
Fair opening price June 28, 2024 | Current price |
---|---|
₪322.57 ( 1.98%) | ₪316.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPIT.TA
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 351.97 | 11.28% |
R2 | 340.74 | 7.73% |
R1 | 333.80 | 5.53% |
Price | 316.30 | |
S1 | 311.34 | -1.57% |
S2 | 304.40 | -3.76% |
S3 | 293.17 | -7.31% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 366.70 | 15.93% |
R2 | 356.50 | 12.71% |
R1 | 340.10 | 7.52% |
Price | 316.30 | |
S1 | 309.80 | -2.06% |
S2 | 303.20 | -4.14% |
S3 | 295.70 | -6.51% |
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