Kadimastem Ltd Stock Forecast
Kadimastem Ltd stock downgraded to Sell Candidate
(Updated on Jun 17, 2024)
No changes to the price of Kadimastem Ltd stock on the last trading day (Monday, 17th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at ₪483.30 to a day high of ₪483.30. The price has risen in 4 of the last 10 days but is still down by -4.3% for this period.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.75% during the next 3 months and, with a 90% probability hold a price between ₪96.36 and ₪635.98 at the end of this 3-month period.
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KDST.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Sunday, June 16, 2024, and so far it has fallen 0%. 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 Kadimastem Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₪494.71 and ₪487.77. A break-up above any of these levels will issue buy signals. 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.
A buy signal from a double bottom formation was found on Friday, March 29, 2024 with a target of ₪451.34. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Kadimastem Ltd stock
Kadimastem Ltd finds support from accumulated volume at ₪479.00 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 6.07%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KDST.TA) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Kadimastem Ltd to open at ₪483.30, and during the day (based on 14 day Average True Range), to move between ₪456.40 and ₪510.20, which gives a possible trading interval of +/-₪26.90 (+/-5.57%) up or down from last closing price. If Kadimastem Ltd takes out the full calculated possible swing range there will be an estimated 11.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪479.00 (0.89%) than the resistance at ₪497.60 (2.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kadimastem Ltd stock A Buy?
Kadimastem Ltd holds several negative signals and we believe that 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: -4.579 Sell Candidate Downgraded
Predicted Opening Price for Kadimastem Ltd of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₪483.30 ( 0%) | ₪483.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KDST.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 483.30 | - |
| R2 | 483.30 | - |
| R1 | 483.30 | - |
| Price | 483.30 | |
| S1 | 483.30 | - |
| S2 | 483.30 | - |
| S3 | 483.30 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 551.00 | 14.01% |
| R2 | 520.00 | 7.59% |
| R1 | 497.60 | 2.96% |
| Price | 483.30 | |
| S1 | 479.00 | -0.89% |
| S2 | 477.50 | -1.20% |
| S3 | 469.90 | -2.77% |
FAQ
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