Silver Castle Holdings Ltd Stock Forecast
Big movements in Silver Castle Holdings Ltd stock price on Wednesday moving 12.08% between high and low
(Updated on Jun 26, 2024)
The Silver Castle Holdings Ltd stock price fell by -14.26% on the last day (Wednesday, 26th Jun 2024) from ₪666.00 to ₪571.00. During the last trading day the stock fluctuated 12.08% from a day low at ₪571.00 to a day high of ₪640.00. The price has fallen in 5 of the last 10 days and is down by -24.43% 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, 6 thousand shares were bought and sold for approximately ₪3.51 million.
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 -21.71% during the next 3 months and, with a 90% probability hold a price between ₪212.31 and ₪870.92 at the end of this 3-month period.
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SLCL.TA Signals & Forecast
There are few to no technical positive signals at the moment. The Silver Castle Holdings Ltd 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 ₪690.24 and ₪818.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Sunday, March 31, 2024, and so far it has fallen -59.50%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Silver Castle Holdings Ltd stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₪69.00 between high and low, or 12.08%. For the last week, the stock has had daily average volatility of 12.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SLCL.TA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Silver Castle Holdings Ltd to open at ₪594.00, and during the day (based on 14 day Average True Range), to move between ₪498.72 and ₪643.28, which gives a possible trading interval of +/-₪72.28 (+/-12.66%) up or down from last closing price. If Silver Castle Holdings Ltd takes out the full calculated possible swing range there will be an estimated 25.32% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₪642.20, some ₪71.20 (12.47%) from the current price of ₪571.00, our system finds the risk reward not very attractive.
Is Silver Castle Holdings Ltd stock A Buy?
Silver Castle Holdings Ltd holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -8.098 Strong Sell Candidate Unchanged
Predicted Opening Price for Silver Castle Holdings Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₪594.00 ( 4.03%) | ₪571.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SLCL.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 663.00 | 16.11% |
| R2 | 636.64 | 11.50% |
| R1 | 620.36 | 8.64% |
| Price | 571.00 | |
| S1 | 567.64 | -0.588% |
| S2 | 551.36 | -3.44% |
| S3 | 525.00 | -8.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 672.00 | 17.69% |
| R2 | 666.00 | 16.64% |
| R1 | 642.20 | 12.47% |
| Price | 571.00 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
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