One Software Technologies (O.S.T.) Ltd. Stock Forecast
One Software Technologies (O.S.T.) Ltd. stock downgraded to Hold/Accumulate
(Updated on Apr 30, 2024)
No changes to the price of One Software Technologies (O.S.T.) Ltd. stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 0% from a day low at ₪5,170.00 to a day high of ₪5,170.00. The price has fallen in 4 of the last 10 days and is down by -3.76% for this period.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₪5,159.56 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 17.47% during the next 3 months and, with a 90% probability hold a price between ₪6,060.71 and ₪6,946.07 at the end of this 3-month period.
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ONE.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.0193%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The One Software Technologies (O.S.T.) 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 ₪5,188.14 and ₪5,268.89. 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). 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 sell signal from a double top formation was found on Monday, April 08, 2024 and based on theory for this formation the price should fall by -0.430% to ₪5,147.60 within 5 trading days since signal was issued (Wednesday, May 01, 2024).
Support, Risk & Stop-loss for One Software Technologies (O.S.T.) Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₪4,770.00 and ₪4,661.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, One Software Technologies (O.S.T.) Ltd. finds support just below today's level at ₪4,770.00. If this is broken, then the next support from accumulated volume will be at ₪4,661.00 and ₪4,530.00.
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 1.03%
Our recommended stop-loss: ₪4,849.76 (-6.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (ONE.TA) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect One Software Technologies (O.S.T.) Ltd. to open at ₪5,170.00, and during the day (based on 14 day Average True Range), to move between ₪5,048.05 and ₪5,291.95, which gives a possible trading interval of +/-₪121.95 (+/-2.36%) up or down from last closing price. If One Software Technologies (O.S.T.) Ltd. takes out the full calculated possible swing range there will be an estimated 4.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₪5,210.00 (0.77%) than the support at ₪4,770.00 (7.74%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is One Software Technologies (O.S.T.) Ltd. stock A Buy?
One Software Technologies (O.S.T.) Ltd. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for One Software Technologies (O.S.T.) Ltd. of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| ₪5,170.00 ( 0%) | ₪5,170.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ONE.TA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,170.00 | . | |
| R2 | 5,170.00 | . | ||
| R1 | 5,170.00 | . | ||
| Current price: | 5,170.00 | |||
| Support | S1 | 5,170.00 | . | |
| S2 | 5,170.00 | . | ||
| S3 | 5,170.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,689.00 | 10.04 % | |
| R2 | 5,500.00 | 6.38 % | ||
| R1 | 5,210.00 | 0.774 % | ||
| Current price | 5,170.00 | |||
| Support | S1 | 4,770.00 | -7.74% | |
| S2 | 4,661.00 | -9.85% | ||
| S3 | 4,530.00 | -12.38% |
ONE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 31, 2024 | Mar 31, 2024 | Apr 14, 2024 | ₪45.44 | 0.84% |
| 2 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | ₪0 | 0% |
| 3 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | ₪40.55 | 0.84% |
| 4 | May 31, 2023 | May 31, 2023 | May 31, 2023 | ₪40.55 | 0.89% |
| 5 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | ₪40.55 | 1.11% |
FAQ
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