Property & Building Corp. Ltd. Stock Forecast
Weaker technical forecast for Property & Building Corp. Ltd. as stock downgraded to Sell Candidate.
(Updated on Jun 26, 2024)
The Property & Building Corp. Ltd. stock price fell by -0.0610% on the last day (Wednesday, 26th Jun 2024) from ₪16,400.00 to ₪16,390.00. During the last trading day the stock fluctuated 3.88% from a day low at ₪15,990.00 to a day high of ₪16,610.00. The price has fallen in 5 of the last 10 days and is down by -2.61% 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 -4 thousand shares and in total, 15 thousand shares were bought and sold for approximately ₪247.85 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₪16,481.39 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -28.42% during the next 3 months and, with a 90% probability hold a price between ₪10,631.37 and ₪11,797.81 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.
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PTBL.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 8.76%. Further rise is indicated until a new top pivot has been found. 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 Property & Building Corp. 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 ₪17,521.14. On a fall, the stock will find some support from the short-term average at ₪16,251.43. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Property & Building Corp. Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₪15,070.00. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at ₪ may give a huge drop in the stock price.
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 ₪620.00 between high and low, or 3.88%. For the last week, the stock has had daily average volatility of 4.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PTBL.TA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Property & Building Corp. Ltd. to open at ₪16,330.00, and during the day (based on 14 day Average True Range), to move between ₪15,670.61 and ₪17,109.39, which gives a possible trading interval of +/-₪719.39 (+/-4.39%) up or down from last closing price. If Property & Building Corp. Ltd. takes out the full calculated possible swing range there will be an estimated 8.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₪17,060.00 (4.09%) than the support at ₪15,070.00 (8.05%), 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 Property & Building Corp. Ltd. stock A Buy?
Property & Building Corp. 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: -2.762 Sell Candidate Downgraded
Predicted Opening Price for Property & Building Corp. Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₪16,330.00 ( 0.366%) | ₪16,390.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTBL.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16,950.00 | 3.42% |
| R2 | 16,713.16 | 1.97% |
| R1 | 16,566.84 | 1.08% |
| Price | 16,390.00 | |
| S1 | 16,093.16 | -1.81% |
| S2 | 15,946.84 | -2.70% |
| S3 | 15,710.00 | -4.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 20,210.00 | 23.31% |
| R2 | 17,230.00 | 5.13% |
| R1 | 17,060.00 | 4.09% |
| Price | 16,390.00 | |
| S1 | 15,070.00 | -8.05% |
| S2 | 0 | - |
| S3 | 0 | - |
PTBL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2020 | Apr 12, 2020 | Apr 12, 2020 | ₪1,587.82 | 6.21% |
| 2 | Mar 31, 2019 | Mar 31, 2019 | Mar 31, 2019 | ₪1,810.12 | 6.36% |
| 3 | Apr 17, 2018 | Apr 17, 2018 | Apr 17, 2018 | ₪1,587.82 | 5.89% |
| 4 | Apr 12, 2017 | Apr 12, 2017 | Apr 12, 2017 | ₪2,381.73 | 7.02% |
| 5 | Feb 29, 2016 | Feb 29, 2016 | Feb 29, 2016 | ₪1,587.82 | 6.39% |
FAQ
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