Isras Investment Company Ltd Stock Forecast
Evaluation of Isras Investment Company Ltd stock downgraded after the last trading session.
(Updated on Jun 27, 2024)
The Isras Investment Company Ltd stock price fell by -1.97% on the last day (Thursday, 27th Jun 2024) from ₪67,060.00 to ₪65,740.00. During the last trading day the stock fluctuated 4.52% from a day low at ₪65,040.00 to a day high of ₪67,980.00. The price has fallen in 5 of the last 10 days and is down by -6.79% for this period. 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 -759 shares and in total, 884 shares were bought and sold for approximately ₪58.11 million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₪65,043.97 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.69% during the next 3 months and, with a 90% probability hold a price between ₪59,394.88 and ₪64,230.93 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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ISRS.TA Signals & Forecast
There are few to no technical positive signals at the moment. The Isras Investment 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 ₪67,908.57 and ₪70,321.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 31, 2024, and so far it has fallen -9.41%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Isras Investment Company Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ₪2,940.00 (4.52%) between high and low. For the last week, the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ISRS.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Isras Investment Company Ltd to open at ₪66,253.33, and during the day (based on 14 day Average True Range), to move between ₪63,831.07 and ₪67,648.93, which gives a possible trading interval of +/-₪1,908.93 (+/-2.90%) up or down from last closing price. If Isras Investment Company Ltd takes out the full calculated possible swing range there will be an estimated 5.81% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₪70,360.00, some ₪4,620.00 (7.03%) from the current price of ₪65,740.00, our system finds the risk reward not very attractive.
Is Isras Investment Company Ltd stock A Buy?
Isras Investment Company Ltd holds several negative signals and is within a 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: -3.452 Sell Candidate Downgraded
Predicted Opening Price for Isras Investment Company Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪66,253.33 ( 0.781%) | ₪65,740.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ISRS.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 69,193.33 | 5.25% |
| R2 | 68,070.25 | 3.54% |
| R1 | 67,376.41 | 2.49% |
| Price | 65,740.00 | |
| S1 | 65,130.25 | -0.93% |
| S2 | 64,436.41 | -1.98% |
| S3 | 63,313.33 | -3.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 75,000.00 | 14.09% |
| R2 | 72,570.00 | 10.39% |
| R1 | 70,360.00 | 7.03% |
| Price | 65,740.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
ISRS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 23, 2024 | Jun 23, 2024 | Jun 30, 2024 | ₪1,500.00 | 2.28% |
| 2 | Apr 02, 2024 | Apr 02, 2024 | Apr 10, 2024 | ₪1,500.00 | 2.02% |
| 3 | Nov 29, 2023 | Nov 29, 2023 | Dec 07, 2023 | ₪1,500.00 | 2.03% |
| 4 | Jun 05, 2023 | Jun 05, 2023 | Jun 05, 2023 | ₪1,500.00 | 2.20% |
| 5 | Dec 04, 2022 | Dec 04, 2022 | Dec 04, 2022 | ₪1,500.00 | 2.42% |
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