Automatic Bank Services Limited Stock Forecast
Red day on Thursday for Automatic Bank Services Limited stock after losing 0%
(Updated on Jun 27, 2024)
No changes to the price of Automatic Bank Services Limited stock on the last trading day (Thursday, 27th Jun 2024). During the last trading day the stock fluctuated 1.64% from a day low at ₪1,345.00 to a day high of ₪1,367.00. The price has risen in 4 of the last 10 days and is up by 0.44% over the past 2 weeks.
The stock lies in the middle of a 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 -3.41% during the next 3 months and, with a 90% probability hold a price between ₪1,215.01 and ₪1,428.87 at the end of this 3-month period.
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SHVA.TA Signals & Forecast
There are mixed signals in the stock today. The Automatic Bank Services Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₪1,357.86 and ₪1,378.97. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Sunday, June 09, 2024, and so far it has risen 3.83%. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely.
A buy signal from a double bottom formation was found on Sunday, June 09, 2024 and based on theory for this formation the price should go up by 25.96% to ₪1,708.00 within 40 trading days since signal was issued (Tuesday, August 06, 2024).
Support, Risk & Stop-loss for Automatic Bank Services Limited stock
Automatic Bank Services Limited finds support from accumulated volume at ₪1,330.00 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 ₪22.00 (1.64%) between high and low. For the last week, the stock has had daily average volatility of 1.28%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SHVA.TA) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Automatic Bank Services Limited to open at ₪1,356.00, and during the day (based on 14 day Average True Range), to move between ₪1,328.13 and ₪1,383.87, which gives a possible trading interval of +/-₪27.87 (+/-2.06%) up or down from last closing price. If Automatic Bank Services Limited takes out the full calculated possible swing range there will be an estimated 4.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₪1,380.00 (1.77%) than the support at ₪1,330.00 (1.92%), 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 Automatic Bank Services Limited stock A Buy?
Automatic Bank Services Limited 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.
Current score: -2.100 Sell Candidate Unchanged
Predicted Opening Price for Automatic Bank Services Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪1,356.00 ( 0%) | ₪1,356.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHVA.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,378.00 | 1.62% |
| R2 | 1,369.60 | 1.00% |
| R1 | 1,364.40 | 0.620% |
| Price | 1,356.00 | |
| S1 | 1,347.60 | -0.620% |
| S2 | 1,342.40 | -1.00% |
| S3 | 1,334.00 | -1.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,412.00 | 4.13% |
| R2 | 1,385.00 | 2.14% |
| R1 | 1,380.00 | 1.77% |
| Price | 1,356.00 | |
| S1 | 1,330.00 | -1.92% |
| S2 | 1,307.00 | -3.61% |
| S3 | 1,304.00 | -3.83% |
SHVA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 07, 2024 | Apr 07, 2024 | Apr 16, 2024 | ₪62.50 | 4.69% |
| 2 | Apr 16, 2023 | Apr 16, 2023 | Apr 16, 2023 | ₪55.00 | 4.43% |
| 3 | Apr 07, 2022 | Apr 07, 2022 | Apr 07, 2022 | ₪55.00 | 2.28% |
| 4 | Sep 12, 2021 | Sep 12, 2021 | Sep 12, 2021 | ₪33.75 | 1.53% |
| 5 | Mar 09, 2021 | Mar 09, 2021 | Mar 09, 2021 | ₪29.25 | 1.54% |
FAQ
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