Together Pharma Ltd Stock Forecast
Green day on Thursday for Together Pharma Ltd stock after gaining 0.631%
(Updated on Jun 27, 2024)
The Together Pharma Ltd stock price gained 0.631% on the last trading day (Thursday, 27th Jun 2024), rising from ₪506.80 to ₪510.00. 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 2.69% from a day low at ₪501.00 to a day high of ₪514.50. The price has risen in 7 of the last 10 days and is up by 1.94% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₪929.73 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -22.74% during the next 3 months and, with a 90% probability hold a price between ₪281.86 and ₪425.71 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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TGTR.TA Signals & Forecast
There are few to no technical positive signals at the moment. 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 ₪510.03 and ₪536.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -14.96%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
A buy signal from a double bottom formation was found on Sunday, May 26, 2024 and based on theory for this formation the price should go up by 17.80% to ₪600.77 within 19 trading days since signal was issued (Monday, June 24, 2024).
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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₪13.50 between high and low, or 2.69%. For the last week the stock has had daily average volatility of 3.56%.
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 Friday 28th
For the upcoming trading day on Friday, 28th we expect Together Pharma Ltd to open at ₪508.50, and during the day (based on 14 day Average True Range), to move between ₪483.70 and ₪536.30, which gives a possible trading interval of +/-₪26.30 (+/-5.16%) up or down from last closing price. If Together Pharma Ltd takes out the full calculated possible swing range there will be an estimated 10.31% 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 (0.04%) than the resistance at ₪543.90 (6.65%), 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 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: -3.576 Sell Candidate Unchanged
Predicted Opening Price for Together Pharma Ltd of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₪508.50 ( 0.294%) | ₪510.00 |
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 | 522.00 | 2.35% |
| R2 | 516.84 | 1.34% |
| R1 | 513.66 | 0.717% |
| Price | 510.00 | |
| S1 | 503.34 | -1.31% |
| S2 | 500.16 | -1.93% |
| S3 | 495.00 | -2.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 623.90 | 22.33% |
| R2 | 621.20 | 21.80% |
| R1 | 543.90 | 6.65% |
| Price | 510.00 | |
| S1 | 509.80 | -0.0392% |
| S2 | 499.90 | -1.98% |
| S3 | 488.80 | -4.16% |
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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