Ravad Ltd Stock Forecast
Evaluation of Ravad Ltd stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Ravad Ltd stock price fell by -0.439% on the last day (Tuesday, 25th Jun 2024) from ₪706.80 to ₪703.70. During the last trading day the stock fluctuated 2.04% from a day low at ₪695.70 to a day high of ₪709.90. The price has fallen in 6 of the last 10 days and is down by -3.7% 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 -360 shares and in total, 442 shares were bought and sold for approximately ₪311.04 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Ravad Ltd stock with a 90% probability to be traded between ₪648.96 and ₪765.61 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RAVD.TA Signals & Forecast
There are mixed signals in the stock today. The Ravad 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 ₪728.03. On a fall, the stock will find some support from the short-term average at ₪702.11. 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. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -5.99%. 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 Ravad Ltd stock
Ravad Ltd finds support from accumulated volume at ₪699.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved ₪14.20 between high and low, or 2.04%. For the last week the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RAVD.TA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Ravad Ltd to open at ₪703.10, and during the day (based on 14 day Average True Range), to move between ₪689.10 and ₪718.30, which gives a possible trading interval of +/-₪14.60 (+/-2.07%) up or down from last closing price. If Ravad Ltd takes out the full calculated possible swing range there will be an estimated 4.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪699.10 (0.65%) than the resistance at ₪726.50 (3.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ravad Ltd stock A Buy?
Ravad 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: -1.342 Sell Candidate Downgraded
Predicted Opening Price for Ravad Ltd of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₪703.10 ( 0.0853%) | ₪703.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RAVD.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 717.30 | 1.93% |
| R2 | 711.88 | 1.16% |
| R1 | 708.52 | 0.686% |
| Price | 703.70 | |
| S1 | 697.68 | -0.86% |
| S2 | 694.32 | -1.33% |
| S3 | 688.90 | -2.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 734.60 | 4.39% |
| R2 | 730.00 | 3.74% |
| R1 | 726.50 | 3.24% |
| Price | 703.70 | |
| S1 | 699.10 | -0.654% |
| S2 | 656.30 | -6.74% |
| S3 | 651.00 | -7.49% |
RAVD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | ₪267.47 | 42.60% |
| 2 | Dec 06, 2020 | Dec 06, 2020 | Dec 06, 2020 | ₪30.00 | 4.51% |
| 3 | Apr 07, 2019 | Apr 07, 2019 | Apr 07, 2019 | ₪40.00 | 5.84% |
| 4 | Dec 10, 2017 | Dec 10, 2017 | Dec 10, 2017 | ₪40.00 | 5.46% |
| 5 | Jan 14, 2016 | Jan 14, 2016 | Jan 14, 2016 | ₪40.00 | 6.07% |
FAQ
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