E. Schnapp & Co. Works Ltd Stock Forecast
Green day on Thursday for E. Schnapp & Co. Works Ltd stock after gaining 1.48%
(Updated on Jun 20, 2024)
The E. Schnapp & Co. Works Ltd stock price gained 1.48% on the last trading day (Thursday, 20th Jun 2024), rising from ₪1,281.00 to ₪1,300.00. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.48% from a day low at ₪1,281.00 to a day high of ₪1,300.00. The price has risen in 5 of the last 10 days and is up by 5.86% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 785 shares were bought and sold for approximately ₪1.02 million. 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 in the middle of a wide and weak 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 3.52% during the next 3 months and, with a 90% probability hold a price between ₪1,232.45 and ₪1,412.03 at the end of this 3-month period.
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SHNP.TA Signals & Forecast
The E. Schnapp & Co. Works Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₪1,256.14 and ₪1,275.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, June 09, 2024, and so far it has risen 6.21%. Further rise is indicated until a new top pivot has been found. 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). 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 also not.
Support, Risk & Stop-loss for E. Schnapp & Co. Works Ltd stock
E. Schnapp & Co. Works Ltd finds support from accumulated volume at ₪1,267.00 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 ₪19.00 between high and low, or 1.48%. For the last week the stock has had daily average volatility of 4.72%.
Our recommended stop-loss: ₪1,229.33 (-5.44%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (SHNP.TA) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect E. Schnapp & Co. Works Ltd to open at ₪1,293.67, and during the day (based on 14 day Average True Range), to move between ₪1,262.40 and ₪1,337.60, which gives a possible trading interval of +/-₪37.60 (+/-2.89%) up or down from last closing price. If E. Schnapp & Co. Works Ltd takes out the full calculated possible swing range there will be an estimated 5.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₪1,316.00 (1.23%) than the support at ₪1,267.00 (2.54%), 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 E. Schnapp & Co. Works Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for E. Schnapp & Co. Works Ltd stock to perform well in the short-term.
Current score: 1.225 Buy Candidate Unchanged
Predicted Opening Price for E. Schnapp & Co. Works Ltd of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| ₪1,293.67 ( 0.487%) | ₪1,300.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHNP.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,312.67 | 0.97% |
| R2 | 1,305.41 | 0.416% |
| R1 | 1,300.92 | 0.0711% |
| Price | 1,300.00 | |
| S1 | 1,286.41 | -1.05% |
| S2 | 1,281.92 | -1.39% |
| S3 | 1,274.67 | -1.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,340.00 | 3.08% |
| R2 | 1,331.00 | 2.38% |
| R1 | 1,316.00 | 1.23% |
| Price | 1,300.00 | |
| S1 | 1,267.00 | -2.54% |
| S2 | 1,266.00 | -2.62% |
| S3 | 1,241.00 | -4.54% |
SHNP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 06, 2024 | ₪23.63 | 1.92% |
| 2 | Apr 01, 2024 | Apr 01, 2024 | Apr 08, 2024 | ₪39.39 | 3.12% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Dec 07, 2023 | ₪15.75 | 1.47% |
| 4 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | ₪15.75 | 1.64% |
| 5 | Jun 04, 2023 | Jun 04, 2023 | Jun 04, 2023 | ₪7.88 | 0.732% |
FAQ
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