Qualitau Ltd. Stock Forecast
Qualitau Ltd. stock price ended at ₪14,610.00 on Monday, after gaining 0.620%.
(Updated on May 27, 2024)
The Qualitau Ltd. stock price gained 0.620% on the last trading day (Monday, 27th May 2024), rising from ₪14,520.00 to ₪14,610.00. During the last trading day the stock fluctuated 4.34% from a day low at ₪14,520.00 to a day high of ₪15,150.00. The price has risen in 5 of the last 10 days and is up by 7.11% 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, 11 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately ₪164.93 million.
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 115.92% during the next 3 months and, with a 90% probability hold a price between ₪28,611.85 and ₪33,434.65 at the end of this 3-month period.
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QLTU.TA Signals & Forecast
The Qualitau 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 ₪14,352.86 and ₪12,663.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, April 21, 2024, and so far it has risen 25.09%. 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 Qualitau Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₪12,790.00 and ₪12,210.00. 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, Qualitau Ltd. finds support just below today's level at ₪12,790.00. If this is broken, then the next support from accumulated volume will be at ₪12,210.00 and ₪11,130.00.
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 ₪630.00 between high and low, or 4.34%. For the last week, the stock has had daily average volatility of 5.39%.
Our recommended stop-loss: ₪14,101.57 (-3.48%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (QLTU.TA) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Qualitau Ltd. to open at ₪14,760.00, and during the day (based on 14 day Average True Range), to move between ₪14,081.51 and ₪15,138.49, which gives a possible trading interval of +/-₪528.49 (+/-3.62%) up or down from last closing price. If Qualitau Ltd. takes out the full calculated possible swing range there will be an estimated 7.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₪12,790.00, some ₪1,820.00 (12.46%) from the current price of ₪14,610.00, our system finds the risk reward attractive.
Earnings coming up
Qualitau Ltd. will release earnings BMO on Thursday, May 30, 2024. We will update the financials statements for Qualitau Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.47% in the first trading day after earnings release.
Is Qualitau Ltd. stock A Buy?
Qualitau Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
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 Qualitau Ltd. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ₪14,760.00 ( 1.03%) | ₪14,610.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QLTU.TA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15,390.00 | 5.34 % | |
| R2 | 15,149.34 | 3.69 % | ||
| R1 | 15,000.66 | 2.67 % | ||
| Current price: | 14,610.00 | |||
| Support | S1 | 14,519.34 | -0.621 % | |
| S2 | 14,370.66 | -1.64 % | ||
| S3 | 14,130.00 | -3.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 14,610.00 | |||
| Support | S1 | 12,790.00 | -12.46% | |
| S2 | 12,210.00 | -16.43% | ||
| S3 | 11,130.00 | -23.82% |
QLTU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 08, 2024 | Apr 08, 2024 | Apr 16, 2024 | ₪338.34 | 2.77% |
| 2 | Sep 10, 2023 | Sep 10, 2023 | Sep 10, 2023 | ₪131.11 | 2.06% |
| 3 | Apr 13, 2023 | Apr 13, 2023 | Apr 13, 2023 | ₪227.51 | 5.01% |
| 4 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | ₪153.60 | 3.09% |
| 5 | Apr 07, 2022 | Apr 07, 2022 | Apr 07, 2022 | ₪149.67 | 2.89% |
FAQ
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