E. Schnapp & Co. Works 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
Evaluation of E. Schnapp & Co. Works Ltd stock downgraded after the last trading session.
(Updated on Jun 27, 2024)
The E. Schnapp & Co. Works Ltd stock price gained 0.766% on the last trading day (Thursday, 27th Jun 2024), rising from ₪1,305.00 to ₪1,315.00. 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 0.766% from a day low at ₪1,305.00 to a day high of ₪1,315.00. The price has risen in 7 of the last 10 days and is up by 7.26% 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, 8 more shares were traded than the day before. In total, 150 shares were bought and sold for approximately ₪197.25 thousand.
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 4.44% during the next 3 months and, with a 90% probability hold a price between ₪1,256.23 and ₪1,433.33 at the end of this 3-month period.
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SHNP.TA Signals & Forecast
Mostly positive signals in the chart today. 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. 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 ₪1,297.43 and ₪1,281.17. 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 7.43%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). E. Schnapp & Co. Works Ltd has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for E. Schnapp & Co. Works Ltd stock
E. Schnapp & Co. Works Ltd finds support from accumulated volume at ₪1,266.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₪10.00 (0.766%) between high and low. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: ₪1,251.02 (-4.87%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (SHNP.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect E. Schnapp & Co. Works Ltd to open at ₪1,311.67, and during the day (based on 14 day Average True Range), to move between ₪1,280.20 and ₪1,349.80, which gives a possible trading interval of +/-₪34.80 (+/-2.65%) 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 5.29% 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 (0.08%) than the support at ₪1,266.00 (3.73%), 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.737 Buy Candidate Downgraded
Predicted Opening Price for E. Schnapp & Co. Works Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪1,311.67 ( 0.253%) | ₪1,315.00 |
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 | 1,321.67 | 0.507% |
| R2 | 1,317.85 | 0.216% |
| R1 | 1,315.49 | 0.0370% |
| Price | 1,315.00 | |
| S1 | 1,307.85 | -0.544% |
| S2 | 1,305.49 | -0.723% |
| S3 | 1,301.67 | -1.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,340.00 | 1.90% |
| R2 | 1,331.00 | 1.22% |
| R1 | 1,316.00 | 0.0760% |
| Price | 1,315.00 | |
| S1 | 1,266.00 | -3.73% |
| S2 | 1,241.00 | -5.63% |
| S3 | 1,202.00 | -8.59% |
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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