N.r. Spuntech Industries Ltd. Stock Forecast
N.r. Spuntech Industries Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
No changes to the price of N.r. Spuntech Industries Ltd. stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 5.84% from a day low at ₪448.80 to a day high of ₪475.00. The price has fallen in 7 of the last 10 days and is down by -9.72% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₪466.21 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.50% during the next 3 months and, with a 90% probability hold a price between ₪454.57 and ₪501.85 at the end of this 3-month period.
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SPNTC.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. 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. The N.r. Spuntech Industries 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 ₪478.74 and ₪501.54. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for N.r. Spuntech Industries 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 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 ₪26.20 between high and low, or 5.84%. For the last week, the stock has had daily average volatility of 4.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SPNTC.TA) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect N.r. Spuntech Industries Ltd. to open at ₪463.40, and during the day (based on 14 day Average True Range), to move between ₪451.17 and ₪481.63, which gives a possible trading interval of +/-₪15.23 (+/-3.26%) up or down from last closing price. If N.r. Spuntech Industries Ltd. takes out the full calculated possible swing range there will be an estimated 6.53% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₪510.00, some ₪43.60 (9.35%) from the current price of ₪466.40, our system finds the risk reward not very attractive.
Is N.r. Spuntech Industries Ltd. stock A Buy?
N.r. Spuntech Industries Ltd. holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.609 Sell Candidate Downgraded
Predicted Opening Price for N.r. Spuntech Industries Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₪463.40 ( 0.643%) | ₪466.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPNTC.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 489.60 | 4.97% |
| R2 | 479.59 | 2.83% |
| R1 | 473.41 | 1.50% |
| Price | 466.40 | |
| S1 | 453.39 | -2.79% |
| S2 | 447.21 | -4.11% |
| S3 | 437.20 | -6.26% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 510.80 | 9.52% |
| R2 | 510.70 | 9.50% |
| R1 | 510.00 | 9.35% |
| Price | 466.40 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
SPNTC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jun 20, 2024 | Jul 09, 2024 | ₪35.00 | 7.50% |
| 2 | Dec 06, 2023 | Dec 06, 2023 | Dec 18, 2023 | ₪30.00 | 8.33% |
| 3 | Jan 12, 2021 | Jan 12, 2021 | Jan 12, 2021 | ₪60.00 | 6.34% |
| 4 | Aug 27, 2020 | Aug 27, 2020 | Aug 27, 2020 | ₪45.27 | 3.99% |
| 5 | Mar 29, 2020 | Mar 29, 2020 | Mar 29, 2020 | ₪25.00 | 4.43% |
FAQ
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