Knafaim Holdings Ltd. Stock Forecast
Green day on Thursday for Knafaim Holdings Ltd.
(Updated on Jun 27, 2024)
The Knafaim Holdings Ltd. stock price gained 0.0105% on the last trading day (Thursday, 27th Jun 2024), rising from ₪948.10 to ₪948.20. During the last trading day the stock fluctuated 1.42% from a day low at ₪948.10 to a day high of ₪961.60. The price has fallen in 5 of the last 10 days and is down by -4.71% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 810 more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately ₪4.84 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₪947.38 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.26% during the next 3 months and, with a 90% probability hold a price between ₪925.99 and ₪1,092.04 at the end of this 3-month period.
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KNFM.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 0.0105%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Knafaim Holdings 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 ₪965.53 and ₪1,015.69. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, February 06, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, February 06, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Knafaim Holdings Ltd. stock
Knafaim Holdings Ltd. finds support from accumulated volume at ₪948.10 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 ₪13.50 between high and low, or 1.42%. For the last week, the stock has had daily average volatility of 1.03%.
Knafaim Holdings Ltd. is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KNFM.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Knafaim Holdings Ltd. to open at ₪952.63, and during the day (based on 14 day Average True Range), to move between ₪927.97 and ₪968.43, which gives a possible trading interval of +/-₪20.23 (+/-2.13%) up or down from last closing price. If Knafaim Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 4.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪948.10 (0.01%) than the resistance at ₪966.30 (1.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Knafaim Holdings Ltd. stock A Buy?
Knafaim Holdings Ltd. holds several negative signals and is within a wide and 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.
Current score: -2.241 Sell Candidate Unchanged
Predicted Opening Price for Knafaim Holdings Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪952.63 ( 0.468%) | ₪948.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KNFM.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 966.13 | 1.89% |
| R2 | 960.98 | 1.35% |
| R1 | 957.79 | 1.01% |
| Price | 948.20 | |
| S1 | 947.48 | -0.0763% |
| S2 | 944.29 | -0.412% |
| S3 | 939.13 | -0.96% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,125.00 | 18.65% |
| R2 | 1,025.00 | 8.10% |
| R1 | 966.30 | 1.91% |
| Price | 948.20 | |
| S1 | 948.10 | -0.0105% |
| S2 | 0 | - |
| S3 | 0 | - |
KNFM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 06, 2024 | Jun 06, 2024 | Jun 18, 2024 | ₪79.00 | 8.18% |
| 2 | Sep 11, 2023 | Sep 11, 2023 | Sep 11, 2023 | ₪70.00 | 5.65% |
| 3 | Apr 06, 2021 | Apr 06, 2021 | Apr 06, 2021 | ₪50.00 | 5.57% |
| 4 | Dec 10, 2017 | Dec 10, 2017 | Dec 10, 2017 | ₪45.00 | 2.03% |
| 5 | Aug 27, 2017 | Aug 27, 2017 | Aug 27, 2017 | ₪155.00 | 5.66% |
FAQ
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