Together Pharma Ltd Stock Forecast
Together Pharma Ltd stock downgraded from Hold/Accumulate to Sell Candidate after Monday trading session.
(Updated on Jun 17, 2024)
The Together Pharma Ltd stock price gained 2.18% on the last trading day (Monday, 17th Jun 2024), rising from ₪504.90 to ₪515.90. During the last trading day the stock fluctuated 3.98% from a day low at ₪505.00 to a day high of ₪525.10. The price has fallen in 5 of the last 10 days and is down by -13.97% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately ₪3.65 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 -19.04% during the next 3 months and, with a 90% probability hold a price between ₪306.84 and ₪591.54 at the end of this 3-month period.
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TGTR.TA Signals & Forecast
There are mixed signals in the stock today. The Together Pharma 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 ₪516.24 and ₪552.28. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Sunday, April 21, 2024, and so far it has risen 6.63%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Together Pharma Ltd stock
Together Pharma Ltd finds support from accumulated volume at ₪509.80 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 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 ₪20.10 between high and low, or 3.98%. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TGTR.TA) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Together Pharma Ltd to open at ₪515.33, and during the day (based on 14 day Average True Range), to move between ₪484.80 and ₪547.00, which gives a possible trading interval of +/-₪31.10 (+/-6.03%) up or down from last closing price. If Together Pharma Ltd takes out the full calculated possible swing range there will be an estimated 12.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪509.80 (1.18%) than the resistance at ₪543.90 (5.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Together Pharma Ltd stock A Buy?
Together Pharma Ltd 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. 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: -2.617 Sell Candidate Downgraded
Predicted Opening Price for Together Pharma Ltd of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₪515.33 ( 0.110%) | ₪515.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TGTR.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 535.43 | 3.79% |
| R2 | 527.76 | 2.30% |
| R1 | 523.01 | 1.38% |
| Price | 515.90 | |
| S1 | 507.66 | -1.60% |
| S2 | 502.91 | -2.52% |
| S3 | 495.23 | -4.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 623.90 | 20.93% |
| R2 | 621.20 | 20.41% |
| R1 | 543.90 | 5.43% |
| Price | 515.90 | |
| S1 | 509.80 | -1.18% |
| S2 | 499.90 | -3.10% |
| S3 | 488.80 | -5.25% |
TGTR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 29, 2011 | Mar 29, 2011 | Mar 29, 2011 | ₪1,508.88 | 51.39% |
FAQ
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