Mega Or Holdings Ltd Stock Forecast
Mega Or Holdings Ltd stock price up 0.187% on Wednesday
(Updated on Jun 26, 2024)
The Mega Or Holdings Ltd stock price gained 0.187% on the last trading day (Wednesday, 26th Jun 2024), rising from ₪9,090.00 to ₪9,107.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.76% from a day low at ₪8,839.00 to a day high of ₪9,171.00. The price has been going up and down for this period, and there has been a 4.14% gain for the last 2 weeks. Volume fell on the last day by -25 thousand shares and in total, 26 thousand shares were bought and sold for approximately ₪238.09 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.71% during the next 3 months and, with a 90% probability hold a price between ₪7,292.72 and ₪8,477.18 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MGOR.TA Signals & Forecast
Mostly positive signals in the chart today. The Mega Or Holdings Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₪8,836.71 and ₪8,995.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, June 09, 2024, and so far it has risen 8.48%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Mega Or Holdings Ltd stock
Mega Or Holdings Ltd finds support from accumulated volume at ₪9,090.00 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 ₪332.00 (3.76%) between high and low. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: ₪8,819.22 (-3.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 33 days ago.)
Trading Expectations (MGOR.TA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Mega Or Holdings Ltd to open at ₪9,039.00, and during the day (based on 14 day Average True Range), to move between ₪8,808.16 and ₪9,405.84, which gives a possible trading interval of +/-₪298.84 (+/-3.28%) up or down from last closing price. If Mega Or Holdings Ltd takes out the full calculated possible swing range there will be an estimated 6.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪9,090.00 (0.19%) than the resistance at ₪9,232.00 (1.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mega Or Holdings Ltd stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.386 Buy Candidate Unchanged
Predicted Opening Price for Mega Or Holdings Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₪9,039.00 ( 0.747%) | ₪9,107.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MGOR.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9,371.00 | 2.90% |
| R2 | 9,244.18 | 1.51% |
| R1 | 9,165.82 | 0.646% |
| Price | 9,107.00 | |
| S1 | 8,912.18 | -2.14% |
| S2 | 8,833.82 | -3.00% |
| S3 | 8,707.00 | -4.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9,856.00 | 8.22% |
| R2 | 9,818.00 | 7.81% |
| R1 | 9,232.00 | 1.37% |
| Price | 9,107.00 | |
| S1 | 9,090.00 | -0.187% |
| S2 | 8,984.00 | -1.35% |
| S3 | 8,902.00 | -2.25% |
MGOR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2024 | Apr 01, 2024 | Apr 14, 2024 | ₪136.60 | 1.48% |
| 2 | Oct 08, 2023 | Oct 08, 2023 | Oct 08, 2023 | ₪95.87 | 1.58% |
| 3 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | ₪82.30 | 0.721% |
| 4 | Apr 04, 2022 | Apr 04, 2022 | Apr 04, 2022 | ₪192.12 | 1.52% |
| 5 | Sep 09, 2021 | Sep 09, 2021 | Sep 09, 2021 | ₪137.51 | 1.16% |
FAQ
Click here for our free guide on how to buy Mega Or Holdings Ltd Stock.
