The Phoenix Holdings Ltd. Stock Forecast
The Phoenix Holdings Ltd. stock downgraded to Sell Candidate
(Updated on Jun 27, 2024)
The The Phoenix Holdings Ltd. stock price fell by -3.15% on the last day (Thursday, 27th Jun 2024) from ₪3,552.00 to ₪3,440.00. During the last trading day the stock fluctuated 3.44% from a day low at ₪3,430.00 to a day high of ₪3,548.00. The price has risen in 5 of the last 10 days but is still down by -1.12% for this period. Volume has increased on the last day by 816 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately ₪3.44 billion.
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 -6.80% during the next 3 months and, with a 90% probability hold a price between ₪3,038.70 and ₪3,423.03 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.
PHOE.TA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The The Phoenix Holdings 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 ₪3,531.29 and ₪3,539.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -5.23%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for The Phoenix Holdings Ltd. stock
The Phoenix Holdings Ltd. finds support from accumulated volume at ₪3,377.00 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 ₪118.00 (3.44%) between high and low. For the last week, the stock has had daily average volatility of 2.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PHOE.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect The Phoenix Holdings Ltd. to open at ₪3,472.67, and during the day (based on 14 day Average True Range), to move between ₪3,352.47 and ₪3,527.53, which gives a possible trading interval of +/-₪87.53 (+/-2.54%) up or down from last closing price. If The Phoenix Holdings Ltd. takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪3,377.00 (1.83%) than the resistance at ₪3,542.00 (2.97%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Phoenix Holdings Ltd. stock A Buy?
The Phoenix Holdings 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. 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: -4.927 Sell Candidate Downgraded
Predicted Opening Price for The Phoenix Holdings Ltd. of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪3,472.67 ( 0.95%) | ₪3,440.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PHOE.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,590.67 | 4.38% |
| R2 | 3,545.59 | 3.07% |
| R1 | 3,517.74 | 2.26% |
| Price | 3,440.00 | |
| S1 | 3,427.59 | -0.361% |
| S2 | 3,399.74 | -1.17% |
| S3 | 3,354.67 | -2.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3,673.00 | 6.77% |
| R2 | 3,612.00 | 5.00% |
| R1 | 3,542.00 | 2.97% |
| Price | 3,440.00 | |
| S1 | 3,377.00 | -1.83% |
| S2 | 3,374.00 | -1.92% |
| S3 | 0 | - |
PHOE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 03, 2024 | Apr 03, 2024 | Apr 11, 2024 | ₪104.54 | 2.87% |
| 2 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | ₪47.29 | 1.24% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | ₪70.18 | 1.97% |
| 4 | Sep 04, 2022 | Sep 04, 2022 | Sep 04, 2022 | ₪63.63 | 1.60% |
| 5 | Apr 05, 2022 | Apr 05, 2022 | Apr 05, 2022 | ₪167.61 | 4.01% |
FAQ
Click here for our free guide on how to buy The Phoenix Holdings Ltd. Stock.
