Opal Balance Investments Ltd Stock Forecast
Opal Balance Investments Ltd stock price down 0.82% on Thursday
(Updated on Jun 27, 2024)
The Opal Balance Investments Ltd stock price fell by -0.82% on the last day (Thursday, 27th Jun 2024) from ₪145.60 to ₪144.40. During the last trading day the stock fluctuated 0.90% from a day low at ₪144.30 to a day high of ₪145.60. The price has fallen in 6 of the last 10 days and is down by -5.87% 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 -14 thousand shares and in total, 7 thousand shares were bought and sold for approximately ₪1.03 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 ₪144.19 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.48% during the next 3 months and, with a 90% probability hold a price between ₪137.73 and ₪156.29 at the end of this 3-month period.
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OPAL.TA Signals & Forecast
There are few to no technical positive signals at the moment. The Opal Balance Investments 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 ₪147.41 and ₪156.82. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -13.64%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Opal Balance Investments Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₪1.30 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 0.662%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (OPAL.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Opal Balance Investments Ltd to open at ₪144.77, and during the day (based on 14 day Average True Range), to move between ₪141.70 and ₪147.10, which gives a possible trading interval of +/-₪2.70 (+/-1.87%) up or down from last closing price. If Opal Balance Investments Ltd takes out the full calculated possible swing range there will be an estimated 3.75% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₪151.90, some ₪7.50 (5.19%) from the current price of ₪144.40, our system finds the risk reward not very attractive.
Is Opal Balance Investments Ltd stock A Buy?
Opal Balance Investments 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: -4.237 Sell Candidate Unchanged
Predicted Opening Price for Opal Balance Investments Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪144.77 ( 0.254%) | ₪144.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OPAL.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 146.07 | 1.15% |
| R2 | 145.57 | 0.81% |
| R1 | 145.26 | 0.598% |
| Price | 144.40 | |
| S1 | 144.27 | -0.0900% |
| S2 | 143.96 | -0.302% |
| S3 | 143.47 | -0.646% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 158.30 | 9.63% |
| R2 | 154.60 | 7.06% |
| R1 | 151.90 | 5.19% |
| Price | 144.40 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
OPAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2024 | May 27, 2024 | Jun 05, 2024 | ₪2.87 | 1.83% |
| 2 | Mar 25, 2024 | Mar 25, 2024 | Apr 02, 2024 | ₪4.96 | 3.13% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Dec 10, 2023 | ₪1.43 | 1.07% |
| 4 | Aug 29, 2023 | Aug 29, 2023 | Aug 29, 2023 | ₪3.06 | 2.06% |
| 5 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | ₪3.15 | 1.80% |
FAQ
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