Taboola.com, Ltd. Stock Forecast
Red day on Tuesday for Taboola.com, Ltd. stock after losing 4.17%
(Updated on Jun 25, 2024)
The Taboola.com, Ltd. stock price fell by -4.17% on the last day (Tuesday, 25th Jun 2024) from $0.180 to $0.173. During the last trading day the stock fluctuated 5.71% from a day low at $0.170 to a day high of $0.180. The price has fallen in 6 of the last 10 days and is down by -21.59% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -263 shares and in total, 407 shares were bought and sold for approximately $70.21 .
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $0.164 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -35.96% during the next 3 months and, with a 90% probability hold a price between $0.105 and $0.192 at the end of this 3-month period.
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TBLAW Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.47%. 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 Taboola.com, 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 $0.190 and $0.268. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Taboola.com, Ltd. stock
Taboola.com, Ltd. finds support from accumulated volume at $0.170 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved $0.0097 between high and low, or 5.71%. For the last week the stock has had daily average volatility of 10.63%.
Taboola.com, Ltd. is oversold on RSI14 (28). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TBLAW) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Taboola.com, Ltd. to open at $0.174, and during the day (based on 14 day Average True Range), to move between $0.139 and $0.206, which gives a possible trading interval of +/-$0.0339 (+/-19.63%) up or down from last closing price. If Taboola.com, Ltd. takes out the full calculated possible swing range there will be an estimated 39.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $0.170 (1.45%) than the resistance at $0.190 (10.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Taboola.com, Ltd. stock A Buy?
Taboola.com, 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: -4.632 Sell Candidate Unchanged
Predicted Opening Price for Taboola.com, Ltd. of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| $0.174 ( 0.91%) | $0.173 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TBLAW
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.184 | 6.53% |
| R2 | 0.180 | 4.38% |
| R1 | 0.178 | 3.06% |
| Price | 0.173 | |
| S1 | 0.170 | -1.24% |
| S2 | 0.168 | -2.57% |
| S3 | 0.164 | -4.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.215 | 24.64% |
| R2 | 0.201 | 16.58% |
| R1 | 0.190 | 10.14% |
| Price | 0.173 | |
| S1 | 0.170 | -1.45% |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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