Hamat Group Ltd. Stock Forecast
Green day on Wednesday for Hamat Group Ltd. stock after gaining 0.0603%
(Updated on Jun 26, 2024)
The Hamat Group Ltd. stock price gained 0.0603% on the last trading day (Wednesday, 26th Jun 2024), rising from ₪995.40 to ₪996.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.17% from a day low at ₪995.40 to a day high of ₪1,007.00. The price has risen in 5 of the last 10 days but is still down by -2.54% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 26 thousand shares were bought and sold for approximately ₪25.77 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 -20.17% during the next 3 months and, with a 90% probability hold a price between ₪758.87 and ₪898.11 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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HAMAT.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 1.74%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Hamat Group 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 ₪1,104.37. On a fall, the stock will find some support from the short-term average at ₪987.47. 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).
Support, Risk & Stop-loss for Hamat Group Ltd. stock
Hamat Group Ltd. finds support from accumulated volume at ₪995.40 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 ₪11.60 between high and low, or 1.17%. For the last week, the stock has had daily average volatility of 1.70%.
Hamat Group Ltd. is oversold on RSI14 (14). 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 (HAMAT.TA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Hamat Group Ltd. to open at ₪999.47, and during the day (based on 14 day Average True Range), to move between ₪969.24 and ₪1,022.76, which gives a possible trading interval of +/-₪26.76 (+/-2.69%) up or down from last closing price. If Hamat Group Ltd. takes out the full calculated possible swing range there will be an estimated 5.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪995.40 (0.06%) than the resistance at ₪1,088.00 (9.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hamat Group Ltd. stock A Buy?
Hamat Group 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: -1.383 Sell Candidate Unchanged
Predicted Opening Price for Hamat Group Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₪999.47 ( 0.348%) | ₪996.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAMAT.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,011.07 | 1.51% |
| R2 | 1,006.64 | 1.07% |
| R1 | 1,003.90 | 0.793% |
| Price | 996.00 | |
| S1 | 995.04 | -0.0968% |
| S2 | 992.30 | -0.372% |
| S3 | 987.87 | -0.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,189.00 | 19.38% |
| R2 | 1,172.00 | 17.67% |
| R1 | 1,088.00 | 9.24% |
| Price | 996.00 | |
| S1 | 995.40 | -0.0602% |
| S2 | 988.70 | -0.733% |
| S3 | 979.00 | -1.71% |
HAMAT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 29, 2023 | Aug 29, 2023 | Aug 29, 2023 | ₪27.27 | 2.10% |
| 2 | Dec 15, 2021 | Dec 15, 2021 | Dec 15, 2021 | ₪44.52 | 1.86% |
| 3 | Dec 21, 2020 | Dec 21, 2020 | Dec 21, 2020 | ₪43.30 | 3.27% |
| 4 | Jul 20, 2017 | Jul 20, 2017 | Jul 20, 2017 | ₪64.00 | 4.08% |
| 5 | May 22, 2016 | May 22, 2016 | May 22, 2016 | ₪76.80 | 6.37% |
FAQ
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