ICL Group Ltd Stock Forecast
ICL Group Ltd stock price ended at $4.90 on Tuesday, after gaining 3.38%.
(Updated on May 07, 2024)
The ICL Group Ltd stock price gained 3.38% on the last trading day (Tuesday, 7th May 2024), rising from $4.74 to $4.90. It has now gained 4 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 2.05% from a day low at $4.87 to a day high of $4.97. The price has risen in 6 of the last 10 days and is up by 3.81% over the past 2 weeks. Volume fell on the last day by -184 thousand shares and in total, 629 thousand shares were bought and sold for approximately $3.08 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -5.97% during the next 3 months and, with a 90% probability hold a price between $4.24 and $4.95 at the end of this 3-month period.
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ICL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 01, 2024, and so far it has risen 8.17%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The ICL 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 $4.93. On a fall, the stock will find some support from the short-term average at $4.70. 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.
Support, Risk & Stop-loss for ICL Group Ltd stock
ICL Group Ltd finds support from accumulated volume at $4.70 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 $0.1000 between high and low, or 2.05%. For the last week, the stock has had daily average volatility of 2.28%.
Our recommended stop-loss: $4.74 (-3.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (ICL) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect ICL Group Ltd to open at $4.91, and during the day (based on 14 day Average True Range), to move between $4.77 and $5.03, which gives a possible trading interval of +/-$0.134 (+/-2.74%) up or down from last closing price. If ICL Group Ltd takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $5.03 (2.65%) than the support at $4.70 (4.08%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
ICL Group Ltd will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.0800. We will update the financials statements for ICL Group Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.05% in the first trading day after earnings release.
Is ICL Group Ltd stock A Buy?
ICL Group Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.627 Hold/Accumulate Unchanged
Predicted Opening Price for ICL Group Ltd of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
$4.91 ( 0.272%) | $4.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ICL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.01 | 2.31 % | |
R2 | 4.98 | 1.53 % | ||
R1 | 4.95 | 1.05 % | ||
Current price: | 4.90 | |||
Support | S1 | 4.88 | -0.507 % | |
S2 | 4.85 | -0.99 % | ||
S3 | 4.81 | -1.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 5.38 | 9.80 % | |
R2 | 5.36 | 9.39 % | ||
R1 | 5.03 | 2.65 % | ||
Current price | 4.90 | |||
Support | S1 | 4.70 | -4.08% | |
S2 | 4.68 | -4.49% | ||
S3 | 4.63 | -5.51% |
ICL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 29, 2024 | Mar 14, 2024 | Mar 26, 2024 | $0.0474 | 0.90% |
2 | Nov 08, 2023 | Dec 05, 2023 | Dec 20, 2023 | $0.0531 | 1.07% |
3 | Nov 08, 2023 | Dec 04, 2023 | Dec 20, 2023 | $0.0531 | 1.07% |
4 | Aug 09, 2023 | Aug 30, 2023 | Sep 13, 2023 | $0.0630 | 1.09% |
5 | Aug 09, 2023 | Aug 29, 2023 | Sep 13, 2023 | $0.0500 | 0.87% |
FAQ
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