Novolog (pharm-up 1966) Ltd Stock Forecast
Novolog (pharm-up 1966) Ltd stock downgraded to Sell Candidate
(Updated on Jun 27, 2024)
The Novolog (pharm-up 1966) Ltd stock price gained 0.270% on the last trading day (Thursday, 27th Jun 2024), rising from ₪148.40 to ₪148.80. 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 0.337% from a day low at ₪148.40 to a day high of ₪148.90. The price has been going up and down for this period, and there has been a -2.3% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 66 thousand shares were bought and sold for approximately ₪9.81 million.
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 Novolog (pharm-up 1966) Ltd stock with a 90% probability to be traded between ₪143.06 and ₪159.65 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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NVLG.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 2.41%. 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 Novolog (pharm-up 1966) 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 ₪154.39. On a fall, the stock will find some support from the short-term average at ₪147.69. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Thursday, February 29, 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 Thursday, February 29, 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.
A sell signal from a double top formation was found on Tuesday, May 28, 2024 with a target of ₪149.89. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Novolog (pharm-up 1966) Ltd stock
Novolog (pharm-up 1966) Ltd finds support from accumulated volume at ₪147.90 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 ₪0.500 between high and low, or 0.337%. For the last week, the stock has had daily average volatility of 2.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NVLG.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Novolog (pharm-up 1966) Ltd to open at ₪148.70, and during the day (based on 14 day Average True Range), to move between ₪144.73 and ₪152.87, which gives a possible trading interval of +/-₪4.07 (+/-2.74%) up or down from last closing price. If Novolog (pharm-up 1966) Ltd takes out the full calculated possible swing range there will be an estimated 5.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪147.90 (0.60%) than the resistance at ₪151.00 (1.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Novolog (pharm-up 1966) Ltd stock A Buy?
Novolog (pharm-up 1966) 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: -2.172 Sell Candidate Downgraded
Predicted Opening Price for Novolog (pharm-up 1966) Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪148.70 ( 0.0672%) | ₪148.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NVLG.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 149.20 | 0.269% |
| R2 | 149.01 | 0.140% |
| R1 | 148.89 | 0.0612% |
| Price | 148.80 | |
| S1 | 148.51 | -0.196% |
| S2 | 148.39 | -0.275% |
| S3 | 148.20 | -0.403% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 161.30 | 8.40% |
| R2 | 155.60 | 4.57% |
| R1 | 151.00 | 1.48% |
| Price | 148.80 | |
| S1 | 147.90 | -0.605% |
| S2 | 146.50 | -1.55% |
| S3 | 145.30 | -2.35% |
NVLG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 02, 2024 | Apr 02, 2024 | Apr 09, 2024 | ₪2.94 | 1.97% |
| 2 | Mar 27, 2023 | Mar 27, 2023 | Mar 27, 2023 | ₪3.32 | 1.64% |
| 3 | Nov 24, 2022 | Nov 24, 2022 | Nov 24, 2022 | ₪3.24 | 1.17% |
| 4 | Mar 24, 2022 | Mar 24, 2022 | Mar 24, 2022 | ₪3.04 | 1.07% |
| 5 | Aug 24, 2021 | Aug 24, 2021 | Aug 24, 2021 | ₪3.16 | 1.09% |
FAQ
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