Priortech Ltd Stock Forecast
Priortech Ltd stock price up 4.29% on Thursday
(Updated on Jun 27, 2024)
The Priortech Ltd stock price gained 4.29% on the last trading day (Thursday, 27th Jun 2024), rising from ₪21,700.00 to ₪22,630.00. 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 7.62% from a day low at ₪21,130.00 to a day high of ₪22,740.00. The price has risen in 5 of the last 10 days and is up by 1.94% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 51 thousand shares were bought and sold for approximately ₪1.15 billion.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 46.29% during the next 3 months and, with a 90% probability hold a price between ₪30,914.88 and ₪34,252.78 at the end of this 3-month period.
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PRTC.TA Signals & Forecast
The Priortech Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₪21,724.29 and ₪20,194.86. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 8.54%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Priortech Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ₪20,550.00 and ₪20,250.00. 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, Priortech Ltd finds support just below today's level at ₪20,550.00. If this is broken, then the next support from accumulated volume will be at ₪20,250.00 and ₪20,100.00.
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 ₪1,610.00 between high and low, or 7.62%. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: ₪21,797.22 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (PRTC.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Priortech Ltd to open at ₪22,166.67, and during the day (based on 14 day Average True Range), to move between ₪21,934.27 and ₪23,325.73, which gives a possible trading interval of +/-₪695.73 (+/-3.07%) up or down from last closing price. If Priortech Ltd takes out the full calculated possible swing range there will be an estimated 6.15% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₪20,550.00, some ₪2,080.00 (9.19%) from the current price of ₪22,630.00, our system finds the risk reward attractive.
Is Priortech Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Priortech Ltd stock to perform well in the short-term.
Current score: 4.663 Buy Candidate Unchanged
Predicted Opening Price for Priortech Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪22,166.67 ( 2.05%) | ₪22,630.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRTC.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23,776.67 | 5.07% |
| R2 | 23,161.65 | 2.35% |
| R1 | 22,781.69 | 0.670% |
| Price | 22,630.00 | |
| S1 | 21,551.65 | -4.77% |
| S2 | 21,171.69 | -6.44% |
| S3 | 20,556.67 | -9.16% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 22,630.00 | |
| S1 | 20,550.00 | -9.19% |
| S2 | 20,250.00 | -10.52% |
| S3 | 20,100.00 | -11.18% |
PRTC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 30, 2020 | Sep 30, 2020 | Sep 30, 2020 | ₪41.55 | 0.92% |
| 2 | Aug 05, 2019 | Aug 05, 2019 | Aug 05, 2019 | ₪612.17 | 18.68% |
| 3 | Sep 06, 2000 | Sep 06, 2000 | Sep 06, 2000 | ₪51.00 | 2.04% |
FAQ
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