SHL Telemedicine Ltd. Stock Forecast
SHL Telemedicine Ltd. stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)
The SHL Telemedicine Ltd. stock price gained 0.204% on the last trading day (Tuesday, 25th Jun 2024), rising from 4.89 Fr to 4.90 Fr. During the last trading day the stock fluctuated 3.81% from a day low at 4.72 Fr to a day high of 4.90 Fr. The price has fallen in 4 of the last 10 days and is down by -1.8% for this period. Volume fell on the last day by -52 shares and in total, 249 shares were bought and sold for approximately 1.22 Fr thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very 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 5.23 Fr 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 -6.18% during the next 3 months and, with a 90% probability hold a price between 3.29 Fr and 4.90 Fr at the end of this 3-month period.
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SHLTN.SW Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -8.92%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The SHL Telemedicine 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 4.85 Fr and 4.75 Fr. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for SHL Telemedicine Ltd. stock
SHL Telemedicine Ltd. finds support from accumulated volume at 4.77 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0.180 Fr between high and low, or 3.81%. For the last week the stock has had daily average volatility of 4.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SHLTN.SW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SHL Telemedicine Ltd. to open at 4.84 Fr, and during the day (based on 14 day Average True Range), to move between 4.58 Fr and 5.22 Fr, which gives a possible trading interval of +/-0.322 Fr (+/-6.58%) up or down from last closing price. If SHL Telemedicine Ltd. takes out the full calculated possible swing range there will be an estimated 13.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 5.00 Fr (2.04%) than the support at 4.77 Fr (2.65%), 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 SHL Telemedicine Ltd. stock A Buy?
SHL Telemedicine 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: -2.076 Sell Candidate Downgraded
Predicted Opening Price for SHL Telemedicine Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 4.84 Fr ( 1.22%) | 4.90 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHLTN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.02 | 2.45% |
| R2 | 4.95 | 1.05% |
| R1 | 4.91 | 0.179% |
| Price | 4.90 | |
| S1 | 4.77 | -2.63% |
| S2 | 4.73 | -3.49% |
| S3 | 4.66 | -4.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.48 | 11.84% |
| R2 | 5.20 | 6.12% |
| R1 | 5.00 | 2.04% |
| Price | 4.90 | |
| S1 | 4.77 | -2.65% |
| S2 | 3.90 | -20.41% |
| S3 | 3.70 | -24.49% |
SHLTN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2019 | Apr 10, 2019 | Apr 16, 2019 | 1.00 Fr | 17.09% |
| 2 | Mar 30, 2011 | Sep 20, 2011 | Sep 23, 2011 | 0.660 Fr | 13.95% |
| 3 | Mar 26, 2008 | Apr 15, 2008 | Apr 15, 2008 | 0.370 Fr | 5.25% |
FAQ
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