Tarya Israel Ltd Stock Forecast
Volatile ride for Tarya Israel Ltd stock price on Wednesday moving between ₪29.30 and ₪34.00
(Updated on Jun 26, 2024)
The Tarya Israel Ltd stock price fell by -3.48% on the last day (Wednesday, 26th Jun 2024) from ₪31.60 to ₪30.50. During the last trading day the stock fluctuated 16.04% from a day low at ₪29.30 to a day high of ₪34.00. The price has fallen in 5 of the last 10 days but is still up by 45.24% over the past 2 weeks. 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 -672 thousand shares and in total, 240 thousand shares were bought and sold for approximately ₪7.31 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₪33.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -28.99% during the next 3 months and, with a 90% probability hold a price between ₪12.83 and ₪23.53 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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TRA.TA Signals & Forecast
The Tarya Israel Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₪24.84 and ₪24.01. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -9.23%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Tarya Israel Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ₪28.30 and ₪24.70. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Tarya Israel Ltd finds support just below today's level at ₪28.30. If this is broken, then the next support from accumulated volume will be at ₪24.70 and ₪23.90.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₪4.70 between high and low, or 16.04%. For the last week, the stock has had daily average volatility of 28.53%.
Our recommended stop-loss: ₪28.75 (-5.74%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (TRA.TA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Tarya Israel Ltd to open at ₪31.27, and during the day (based on 14 day Average True Range), to move between ₪27.84 and ₪33.16, which gives a possible trading interval of +/-₪2.66 (+/-8.71%) up or down from last closing price. If Tarya Israel Ltd takes out the full calculated possible swing range there will be an estimated 17.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₪31.60 (3.61%) than the support at ₪28.30 (7.21%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Tarya Israel Ltd stock A Buy?
Tarya Israel Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.267 Hold/Accumulate Unchanged
Predicted Opening Price for Tarya Israel Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₪31.27 ( 2.51%) | ₪30.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRA.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.97 | 17.92% |
| R2 | 34.17 | 12.04% |
| R1 | 33.06 | 8.40% |
| Price | 30.50 | |
| S1 | 29.47 | -3.37% |
| S2 | 28.36 | -7.01% |
| S3 | 26.57 | -12.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.20 | 18.69% |
| R2 | 33.60 | 10.16% |
| R1 | 31.60 | 3.61% |
| Price | 30.50 | |
| S1 | 28.30 | -7.21% |
| S2 | 24.70 | -19.02% |
| S3 | 23.90 | -21.64% |
TRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 02, 2022 | Jun 02, 2022 | Jun 12, 2022 | ₪4.00 | 2.89% |
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