Telsys Ltd. Stock Forecast
Telsys Ltd. stock price down 0% on Friday
(Updated on May 17, 2024)
No changes to the price of Telsys Ltd. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0% from a day low at ₪18,850.00 to a day high of ₪18,850.00. The price has fallen in 7 of the last 10 days and is down by -8.32% for this period.
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 -23.37% during the next 3 months and, with a 90% probability hold a price between ₪13,569.91 and ₪17,548.26 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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TLSY.TA Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 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 Telsys 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 ₪19,771.43 and ₪21,126.57. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Friday, May 03, 2024 with a target of ₪20,560.00. Despite whether the objective of the signal formation has been reached the stock may continue to fall.
Support, Risk & Stop-loss for Telsys 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.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₪0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.80%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TLSY.TA) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Telsys Ltd. to open at ₪18,850.00, and during the day (based on 14 day Average True Range), to move between ₪18,092.29 and ₪19,607.71, which gives a possible trading interval of +/-₪757.71 (+/-4.02%) up or down from last closing price. If Telsys Ltd. takes out the full calculated possible swing range there will be an estimated 8.04% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₪20,560.00, some ₪1,710.00 (9.07%) from the current price of ₪18,850.00, our system finds the risk reward not very attractive.
Is Telsys Ltd. stock A Buy?
Telsys 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: -2.945 Sell Candidate Unchanged
Predicted Opening Price for Telsys Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₪18,850.00 ( 0%) | ₪18,850.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TLSY.TA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18,850.00 | . | |
| R2 | 18,850.00 | . | ||
| R1 | 18,850.00 | . | ||
| Current price: | 18,850.00 | |||
| Support | S1 | 18,850.00 | . | |
| S2 | 18,850.00 | . | ||
| S3 | 18,850.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 22,600.00 | 19.89 % | |
| R2 | 21,550.00 | 14.32 % | ||
| R1 | 20,560.00 | 9.07 % | ||
| Current price | 18,850.00 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
TLSY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 16, 2024 | Apr 16, 2024 | May 01, 2024 | ₪441.97 | 2.06% |
| 2 | Oct 02, 2023 | Oct 02, 2023 | Oct 02, 2023 | ₪606.15 | 2.44% |
| 3 | Jun 19, 2023 | Jun 19, 2023 | Jun 19, 2023 | ₪308.22 | 1.24% |
| 4 | Dec 20, 2022 | Dec 20, 2022 | Dec 20, 2022 | ₪346.74 | 1.79% |
| 5 | Sep 18, 2022 | Sep 18, 2022 | Sep 18, 2022 | ₪346.74 | 1.96% |
FAQ
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