Hanan Mor Group - Holdings Ltd Stock Forecast
Weaker technical forecast for Hanan Mor Group - Holdings Ltd as stock downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
No changes to the price of Hanan Mor Group - Holdings Ltd stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at ₪90.00 to a day high of ₪90.00. The price has fallen in 5 of the last 10 days but is still up by 2.04% over the past 2 weeks.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₪105.25 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -63.63% during the next 3 months and, with a 90% probability hold a price between ₪4.10 and ₪38.28 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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HNMR.TA 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 Hanan Mor Group - Holdings 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 ₪90.10 and ₪105.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -1.10%. Further fall is indicated until a new bottom pivot has been found. 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 Hanan Mor Group - Holdings Ltd stock
Hanan Mor Group - Holdings Ltd finds support from accumulated volume at ₪89.90 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 3.21%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HNMR.TA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Hanan Mor Group - Holdings Ltd to open at ₪90.00, and during the day (based on 14 day Average True Range), to move between ₪82.06 and ₪97.94, which gives a possible trading interval of +/-₪7.94 (+/-8.82%) up or down from last closing price. If Hanan Mor Group - Holdings Ltd takes out the full calculated possible swing range there will be an estimated 17.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪89.90 (0.11%) than the resistance at ₪91.60 (1.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hanan Mor Group - Holdings Ltd stock A Buy?
Hanan Mor Group - Holdings Ltd holds several negative signals and is within a very 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. 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: -3.482 Sell Candidate Downgraded
Predicted Opening Price for Hanan Mor Group - Holdings Ltd of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₪90.00 ( 0%) | ₪90.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HNMR.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 90.00 | - |
| R2 | 90.00 | - |
| R1 | 90.00 | - |
| Price | 90.00 | |
| S1 | 90.00 | - |
| S2 | 90.00 | - |
| S3 | 90.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 105.50 | 17.22% |
| R2 | 93.70 | 4.11% |
| R1 | 91.60 | 1.78% |
| Price | 90.00 | |
| S1 | 89.90 | -0.111% |
| S2 | 88.90 | -1.22% |
| S3 | 88.20 | -2.00% |
HNMR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 06, 2022 | Sep 06, 2022 | Sep 06, 2022 | ₪7.05 | 0.201% |
| 2 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | ₪7.05 | 0.171% |
| 3 | Mar 29, 2022 | Mar 29, 2022 | Mar 29, 2022 | ₪22.55 | 0.385% |
| 4 | Aug 31, 2021 | Aug 31, 2021 | Aug 31, 2021 | ₪6.68 | 0.133% |
| 5 | Apr 06, 2021 | Apr 06, 2021 | Apr 06, 2021 | ₪26.72 | 0.635% |
FAQ
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