Gilat Satellite Networks Ltd. Stock Forecast
Red day on Wednesday for Gilat Satellite Networks Ltd. stock after losing 2.24%
(Updated on Apr 17, 2024)
The Gilat Satellite Networks Ltd. stock price fell by -2.24% on the last day (Wednesday, 17th Apr 2024) from $5.36 to $5.24. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 2.19% from a day low at $5.23 to a day high of $5.34. The price has fallen in 8 of the last 10 days and is down by -12.81% 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 -115 thousand shares and in total, 203 thousand shares were bought and sold for approximately $1.07 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.96% during the next 3 months and, with a 90% probability hold a price between $4.34 and $5.17 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
GILT 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 Gilat Satellite Networks 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 $5.59 and $5.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -14.80%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Gilat Satellite Networks Ltd. stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.114 between high and low, or 2.19%. For the last week the stock has had daily average volatility of 2.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GILT) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Gilat Satellite Networks Ltd. to open at $5.27, and during the day (based on 14 day Average True Range), to move between $5.06 and $5.42, which gives a possible trading interval of +/-$0.185 (+/-3.53%) up or down from last closing price. If Gilat Satellite Networks Ltd. takes out the full calculated possible swing range there will be an estimated 7.05% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $6.00, some $0.760 (14.50%) from the current price of $5.24, our system finds the risk reward not very attractive.
Is Gilat Satellite Networks Ltd. stock A Buy?
Gilat Satellite Networks Ltd. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.144 Sell Candidate Unchanged
Predicted Opening Price for Gilat Satellite Networks Ltd. of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| $5.27 ( 0.545%) | $5.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GILT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.38 | 2.73 % | |
| R2 | 5.34 | 1.89 % | ||
| R1 | 5.31 | 1.38 % | ||
| Current price: | 5.24 | |||
| Support | S1 | 5.22 | -0.288 % | |
| S2 | 5.20 | -0.80 % | ||
| S3 | 5.15 | -1.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.50 | 24.05 % | |
| R2 | 6.01 | 14.69 % | ||
| R1 | 6.00 | 14.50 % | ||
| Current price | 5.24 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
GILT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 31, 2020 | Jan 08, 2021 | Jan 20, 2021 | $0.630 | 6.72% |
| 2 | Oct 30, 2020 | Nov 10, 2020 | Dec 02, 2020 | $0.360 | 6.00% |
| 3 | Mar 19, 2019 | Mar 27, 2019 | Apr 11, 2019 | $0.450 | 5.34% |
FAQ
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