SHL Telemedicine Ltd. Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
SHL Telemedicine Ltd. stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The SHL Telemedicine Ltd. stock price fell by -3.16% on the last day (Friday, 28th Jun 2024) from 4.75 Fr to 4.60 Fr. During the last trading day the stock fluctuated 1.31% from a day low at 4.59 Fr to a day high of 4.65 Fr. The price has fallen in 5 of the last 10 days and is down by -6.12% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately 10.59 Fr thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.23% during the next 3 months and, with a 90% probability hold a price between 3.41 Fr and 5.04 Fr at the end of this 3-month period.
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SHLTN.SW Signals & Forecast
There are few to no technical positive signals at the moment. The SHL Telemedicine Ltd. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 4.84 Fr and 4.81 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -14.50%. 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). SHL Telemedicine Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for SHL Telemedicine Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at 4.20 Fr and 3.90 Fr. 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, SHL Telemedicine Ltd. finds support just below today's level at 4.20 Fr. If this is broken, then the next support from accumulated volume will be at 3.90 Fr and 3.70 Fr.
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 0.0600 Fr between high and low, or 1.31%. For the last week, the stock has had daily average volatility of 7.10%.
SHL Telemedicine Ltd. is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: 4.35 Fr (-5.48%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 26 which reduces the risk some. There is a sell signal from a pivot top found 34 days ago.)
Trading Expectations (SHLTN.SW) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect SHL Telemedicine Ltd. to open at 4.61 Fr, and during the day (based on 14 day Average True Range), to move between 4.27 Fr and 4.93 Fr, which gives a possible trading interval of +/-0.332 Fr (+/-7.22%) up or down from last closing price. If SHL Telemedicine Ltd. takes out the full calculated possible swing range there will be an estimated 14.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 4.75 Fr (3.26%) than the support at 4.20 Fr (8.70%), 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 this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 SHL Telemedicine Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 4.61 Fr ( 0.290%) | 4.60 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 | 4.67 | 1.59% |
| R2 | 4.65 | 1.10% |
| R1 | 4.64 | 0.788% |
| Price | 4.60 | |
| S1 | 4.59 | -0.208% |
| S2 | 4.58 | -0.516% |
| S3 | 4.55 | -1.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.00 | 8.70% |
| R2 | 4.77 | 3.70% |
| R1 | 4.75 | 3.26% |
| Price | 4.60 | |
| S1 | 4.20 | -8.70% |
| S2 | 3.90 | -15.22% |
| S3 | 3.70 | -19.57% |
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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