Silicom Ltd Stock Forecast
Stronger technical forecast for Silicom Ltd stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Silicom Ltd stock price gained 0.329% on the last trading day (Tuesday, 2nd Jul 2024), rising from $15.19 to $15.24. 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 2.58% from a day low at $15.10 to a day high of $15.49. The price has been going up and down for this period, and there has been a -3.54% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 17 thousand more shares were traded than the day before. In total, 29 thousand shares were bought and sold for approximately $439.64 thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at $14.61 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Silicom Ltd stock with a 90% probability to be traded between $14.73 and $18.04 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SILC Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 4.38%. Further rise is indicated until a new top pivot has been found. Silicom 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Silicom Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $15.93. On a fall, the stock will find some support from the short-term average at $15.04. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Silicom Ltd stock
Silicom Ltd finds support from accumulated volume at $15.23 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.390 between high and low, or 2.58%. For the last week, the stock has had daily average volatility of 2.46%.
Our recommended stop-loss: $14.52 (-4.75%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 37 days ago.)
Trading Expectations (SILC) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Silicom Ltd to open at $15.28, and during the day (based on 14 day Average True Range), to move between $14.76 and $15.72, which gives a possible trading interval of +/-$0.476 (+/-3.12%) up or down from last closing price. If Silicom Ltd takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $15.23 (0.07%) than the resistance at $15.60 (2.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Silicom Ltd stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Silicom Ltd stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.461 Buy Candidate Upgraded
Predicted Opening Price for Silicom Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $15.28 ( 0.241%) | $15.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SILC
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15.67 | 2.80% |
| R2 | 15.52 | 1.82% |
| R1 | 15.43 | 1.22% |
| Price | 15.24 | |
| S1 | 15.13 | -0.737% |
| S2 | 15.04 | -1.34% |
| S3 | 14.89 | -2.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16.80 | 10.24% |
| R2 | 16.18 | 6.17% |
| R1 | 15.60 | 2.36% |
| Price | 15.24 | |
| S1 | 15.23 | -0.0656% |
| S2 | 15.21 | -0.197% |
| S3 | 15.13 | -0.722% |
SILC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2017 | Mar 23, 2017 | Apr 05, 2017 | $1.00 | 2.16% |
| 2 | Mar 21, 2016 | Mar 31, 2016 | Apr 14, 2016 | $1.00 | 3.01% |
| 3 | Mar 23, 2015 | Apr 01, 2015 | Apr 21, 2015 | $1.00 | 2.42% |
| 4 | Mar 18, 2014 | Apr 03, 2014 | Apr 17, 2014 | $1.00 | 1.80% |
| 5 | Mar 18, 2013 | Apr 02, 2013 | Apr 17, 2013 | $0.550 | 2.04% |
FAQ
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