MIND C.T.I. Ltd. Stock Forecast
MIND C.T.I. Ltd. stock price down 0.532% on Friday
(Updated on Apr 26, 2024)
The MIND C.T.I. Ltd. stock price fell by -0.532% on the last day (Friday, 26th Apr 2024) from $1.88 to $1.87. During the last trading day the stock fluctuated 2.14% from a day low at $1.87 to a day high of $1.91. The price has fallen in 6 of the last 10 days and is down by -2.09% 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 -8 thousand shares and in total, 14 thousand shares were bought and sold for approximately $27.06 thousand.
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 $1.83 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.51% during the next 3 months and, with a 90% probability hold a price between $1.62 and $1.87 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MNDO Signals & Forecast
There are mixed signals in the stock today. The MIND C.T.I. 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 $1.87 and $1.96. A break-up above any of these levels will issue buy signals. 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. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.81%. 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).
Support, Risk & Stop-loss for MIND C.T.I. Ltd. stock
MIND C.T.I. Ltd. finds support from accumulated volume at $1.86 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 $0.0400 between high and low, or 2.14%. For the last week the stock has had daily average volatility of 2.04%
Our recommended stop-loss: $1.76 (-6.09%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (MNDO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect MIND C.T.I. Ltd. to open at $1.88, and during the day (based on 14 day Average True Range), to move between $1.82 and $1.92, which gives a possible trading interval of +/-$0.0523 (+/-2.80%) up or down from last closing price. If MIND C.T.I. Ltd. takes out the full calculated possible swing range there will be an estimated 5.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.86 (0.80%) than the resistance at $2.00 (6.95%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MIND C.T.I. Ltd. stock A Buy?
MIND C.T.I. Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.444 Hold/Accumulate Unchanged
Predicted Opening Price for MIND C.T.I. Ltd. of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
$1.88 ( 0.713%) | $1.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MNDO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.92 | 2.85 % | |
R2 | 1.91 | 2.03 % | ||
R1 | 1.90 | 1.53 % | ||
Current price: | 1.87 | |||
Support | S1 | 1.87 | -0.104 % | |
S2 | 1.86 | -0.609 % | ||
S3 | 1.84 | -1.43 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.24 | 19.79 % | |
R2 | 2.07 | 10.70 % | ||
R1 | 2.00 | 6.95 % | ||
Current price | 1.87 | |||
Support | S1 | 1.86 | -0.80% | |
S2 | 0 | . | ||
S3 | 0 | . |
MNDO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 06, 2024 | Mar 19, 2024 | Apr 04, 2024 | $0.240 | 12.77% |
2 | Mar 08, 2023 | Mar 21, 2023 | Apr 06, 2023 | $0.240 | 12.50% |
3 | Mar 15, 2022 | Mar 23, 2022 | Apr 06, 2022 | $0.260 | 8.97% |
4 | Mar 04, 2021 | Mar 17, 2021 | Apr 08, 2021 | $0.260 | 8.70% |
5 | Mar 16, 2020 | Mar 24, 2020 | Apr 16, 2020 | $0.240 | 13.87% |
FAQ
Click here for our free guide on how to buy MIND C.T.I. Ltd. Stock.