Gamla Harel Residential Real Estate Ltd Stock Forecast
Red day on Wednesday for Gamla Harel Residential Real Estate Ltd
(Updated on Jun 26, 2024)
No changes to the price of Gamla Harel Residential Real Estate Ltd stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at ₪361.90 to a day high of ₪361.90. The price has fallen in 5 of the last 10 days and is down by -2.82% for this period.
The stock lies in the middle of a 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 -9.89% during the next 3 months and, with a 90% probability hold a price between ₪310.20 and ₪338.50 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.
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GMLA.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Gamla Harel Residential Real Estate 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 ₪364.87 and ₪375.31. 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).
Support, Risk & Stop-loss for Gamla Harel Residential Real Estate 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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₪0 (0%) between high and low. For the last week, the stock has had daily average volatility of 0.746%.
Gamla Harel Residential Real Estate Ltd is oversold on RSI14 (10). 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: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GMLA.TA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Gamla Harel Residential Real Estate Ltd to open at ₪361.90, and during the day (based on 14 day Average True Range), to move between ₪357.25 and ₪366.55, which gives a possible trading interval of +/-₪4.65 (+/-1.29%) up or down from last closing price. If Gamla Harel Residential Real Estate Ltd takes out the full calculated possible swing range there will be an estimated 2.57% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₪362.70, some ₪0.80 (0.22%) from the current price of ₪361.90, our system finds the risk reward not very attractive.
Is Gamla Harel Residential Real Estate Ltd stock A Buy?
Gamla Harel Residential Real Estate Ltd holds several negative signals and is within a 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: -2.744 Sell Candidate Unchanged
Predicted Opening Price for Gamla Harel Residential Real Estate Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₪361.90 ( 0.00000000%) | ₪361.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GMLA.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 361.90 | 0.00000000% |
| R2 | 361.90 | 0.00000000% |
| R1 | 361.90 | 0.00000000% |
| Price | 361.90 | |
| S1 | 361.90 | 0.00000000% |
| S2 | 361.90 | 0.00000000% |
| S3 | 361.90 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 397.50 | 9.84% |
| R2 | 370.70 | 2.43% |
| R1 | 362.70 | 0.221% |
| Price | 361.90 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
GMLA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 03, 2022 | Mar 03, 2022 | Mar 10, 2022 | ₪14.91 | 4.04% |
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