Hamama Meir Trading (1996) Ltd. Stock Forecast
Red day on Thursday for Hamama Meir Trading (1996) Ltd.
(Updated on Jun 27, 2024)
No changes to the price of Hamama Meir Trading (1996) Ltd. stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at ₪476.00 to a day high of ₪476.00. The price has been going up and down for this period, and there has been a -0.13% loss for the last 2 weeks.
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 ₪463.84 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 5.41% during the next 3 months and, with a 90% probability hold a price between ₪488.92 and ₪587.96 at the end of this 3-month period.
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HMAM.TA Signals & Forecast
There are few to no technical positive signals at the moment. The Hamama Meir Trading (1996) 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 ₪480.09 and ₪485.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Hamama Meir Trading (1996) Ltd. stock
Hamama Meir Trading (1996) Ltd. finds support from accumulated volume at ₪466.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₪0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.23%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HMAM.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Hamama Meir Trading (1996) Ltd. to open at ₪476.00, and during the day (based on 14 day Average True Range), to move between ₪465.26 and ₪486.74, which gives a possible trading interval of +/-₪10.74 (+/-2.26%) up or down from last closing price. If Hamama Meir Trading (1996) Ltd. takes out the full calculated possible swing range there will be an estimated 4.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪466.40 (2.02%) than the resistance at ₪494.20 (3.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hamama Meir Trading (1996) Ltd. stock A Buy?
The Hamama Meir Trading (1996) Ltd. stock holds several negative signals and despite the positive trend, we believe Hamama Meir Trading (1996) Ltd. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.360 Sell Candidate Unchanged
Predicted Opening Price for Hamama Meir Trading (1996) Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪476.00 ( 0%) | ₪476.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HMAM.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 476.00 | - |
| R2 | 476.00 | - |
| R1 | 476.00 | - |
| Price | 476.00 | |
| S1 | 476.00 | - |
| S2 | 476.00 | - |
| S3 | 476.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 532.60 | 11.89% |
| R2 | 499.40 | 4.92% |
| R1 | 494.20 | 3.82% |
| Price | 476.00 | |
| S1 | 466.40 | -2.02% |
| S2 | 447.80 | -5.92% |
| S3 | 415.80 | -12.65% |
HMAM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2022 | Apr 05, 2022 | Apr 05, 2022 | ₪14.10 | 2.34% |
| 2 | Apr 08, 2015 | Apr 08, 2015 | Apr 08, 2015 | ₪20.93 | 3.57% |
| 3 | Apr 10, 2014 | Apr 10, 2014 | Apr 10, 2014 | ₪21.21 | 3.03% |
| 4 | Dec 12, 2011 | Dec 12, 2011 | Dec 12, 2011 | ₪21.25 | 7.94% |
| 5 | Apr 15, 2010 | Apr 15, 2010 | Apr 15, 2010 | ₪10.63 | 2.61% |
FAQ
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