I.d.i. Insurance Company Ltd. Stock Forecast
I.d.i. Insurance Company Ltd. stock price down 1.06% on Thursday
(Updated on Jun 20, 2024)
The I.d.i. Insurance Company Ltd. stock price fell by -1.06% on the last day (Thursday, 20th Jun 2024) from ₪10,400.00 to ₪10,290.00. During the last trading day the stock fluctuated 0.87% from a day low at ₪10,290.00 to a day high of ₪10,380.00. The price has been going up and down for this period, and there has been a 0.49% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -14 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₪18.26 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect I.d.i. Insurance Company Ltd. stock with a 90% probability to be traded between ₪9,697.97 and ₪11,317.59 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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IDIN.TA Signals & Forecast
There are mixed signals in the stock today. The I.d.i. Insurance Company 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 ₪10,317.14 and ₪10,762.00. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Sunday, June 16, 2024, and so far it has risen 1.28%. 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).
Support, Risk & Stop-loss for I.d.i. Insurance Company Ltd. stock
I.d.i. Insurance Company Ltd. finds support from accumulated volume at ₪10,240.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₪90.00 (0.87%) between high and low. For the last week, the stock has had daily average volatility of 2.68%.
Our recommended stop-loss: ₪9,676.63 (-5.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (IDIN.TA) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect I.d.i. Insurance Company Ltd. to open at ₪10,320.00, and during the day (based on 14 day Average True Range), to move between ₪10,004.00 and ₪10,576.00, which gives a possible trading interval of +/-₪286.00 (+/-2.78%) up or down from last closing price. If I.d.i. Insurance Company Ltd. takes out the full calculated possible swing range there will be an estimated 5.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪10,240.00 (0.49%) than the resistance at ₪10,750.00 (4.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is I.d.i. Insurance Company Ltd. stock A Buy?
I.d.i. Insurance Company 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: -0.198 Hold/Accumulate Unchanged
Predicted Opening Price for I.d.i. Insurance Company Ltd. of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| ₪10,320.00 ( 0.292%) | ₪10,290.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IDIN.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 10,410.00 | 1.17% |
| R2 | 10,375.62 | 0.83% |
| R1 | 10,354.38 | 0.626% |
| Price | 10,290.00 | |
| S1 | 10,285.62 | -0.0426% |
| S2 | 10,264.38 | -0.249% |
| S3 | 10,230.00 | -0.583% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11,070.00 | 7.58% |
| R2 | 10,990.00 | 6.80% |
| R1 | 10,750.00 | 4.47% |
| Price | 10,290.00 | |
| S1 | 10,240.00 | -0.486% |
| S2 | 10,200.00 | -0.87% |
| S3 | 10,110.00 | -1.75% |
IDIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 05, 2024 | Jun 05, 2024 | Jun 13, 2024 | ₪204.29 | 1.98% |
| 2 | Apr 02, 2024 | Apr 02, 2024 | Apr 10, 2024 | ₪442.63 | 4.38% |
| 3 | Aug 28, 2023 | Aug 28, 2023 | Aug 28, 2023 | ₪272.57 | 3.37% |
| 4 | Apr 02, 2023 | Apr 02, 2023 | Apr 02, 2023 | ₪272.57 | 3.11% |
| 5 | Apr 05, 2022 | Apr 05, 2022 | Apr 05, 2022 | ₪408.86 | 3.68% |
FAQ
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