Ituran Location and Control Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Ituran Location and Control Ltd. stock price ended at $25.95 on Friday, after losing 0.0385%.
(Updated on May 03, 2024)
The Ituran Location and Control Ltd. stock price fell by -0.0385% on the last day (Friday, 3rd May 2024) from $25.96 to $25.95. During the last trading day the stock fluctuated 1.73% from a day low at $25.95 to a day high of $26.40. The price has risen in 5 of the last 10 days and is up by 3.59% over the past 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 -20 thousand shares and in total, 28 thousand shares were bought and sold for approximately $728.94 thousand.
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 Ituran Location and Control Ltd. stock with a 90% probability to be traded between $25.29 and $29.01 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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ITRN Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.72%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ituran Location and Control 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 $26.89. On a fall, the stock will find some support from the short-term average at $25.87. 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. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Ituran Location and Control Ltd. stock
Ituran Location and Control Ltd. finds support from accumulated volume at $25.88 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.450 between high and low, or 1.73%. For the last week the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: $24.56 (-5.37%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (ITRN) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Ituran Location and Control Ltd. to open at $26.10, and during the day (based on 14 day Average True Range), to move between $25.38 and $26.52, which gives a possible trading interval of +/-$0.574 (+/-2.21%) up or down from last closing price. If Ituran Location and Control Ltd. takes out the full calculated possible swing range there will be an estimated 4.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $25.88 (0.27%) than the resistance at $26.12 (0.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ituran Location and Control Ltd. stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ituran Location and Control Ltd. stock to perform well in the short-term period.
Current score: 1.907 Buy Candidate Unchanged
Predicted Opening Price for Ituran Location and Control Ltd. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $26.10 ( 0.578%) | $25.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ITRN
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.55 | 2.31 % | |
| R2 | 26.38 | 1.65 % | ||
| R1 | 26.27 | 1.24 % | ||
| Current price: | 25.95 | |||
| Support | S1 | 25.93 | -0.0844 % | |
| S2 | 25.82 | -0.494 % | ||
| S3 | 25.65 | -1.16 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.98 | 7.82 % | |
| R2 | 27.47 | 5.86 % | ||
| R1 | 26.12 | 0.655 % | ||
| Current price | 25.95 | |||
| Support | S1 | 25.88 | -0.270% | |
| S2 | 25.67 | -1.08% | ||
| S3 | 25.25 | -2.70% |
ITRN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Mar 19, 2024 | Apr 03, 2024 | $0.390 | 1.41% |
| 2 | Nov 27, 2023 | Dec 19, 2023 | Jan 04, 2024 | $0.240 | 0.90% |
| 3 | Aug 15, 2023 | Sep 26, 2023 | Oct 11, 2023 | $0.150 | 0.508% |
| 4 | May 24, 2023 | Jun 27, 2023 | Jul 12, 2023 | $0.150 | 0.638% |
| 5 | Feb 28, 2023 | Mar 20, 2023 | Apr 04, 2023 | $0.140 | 0.646% |
FAQ
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