Upsellon Brands Holdings Ltd Stock Forecast
A very strong day for Upsellon Brands Holdings Ltd stock price on Tuesday
(Updated on Jul 02, 2024)
The Upsellon Brands Holdings Ltd stock price gained 7.40% on the last trading day (Tuesday, 2nd Jul 2024), rising from ₪122.90 to ₪132.00. During the last trading day the stock fluctuated 7.40% from a day low at ₪122.90 to a day high of ₪132.00. The price has risen in 5 of the last 10 days and is up by 3.13% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 11 thousand shares were bought and sold for approximately ₪1.51 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.54% during the next 3 months and, with a 90% probability hold a price between ₪136.24 and ₪164.91 at the end of this 3-month period.
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UPSL.TA Signals & Forecast
The Upsellon Brands Holdings 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 ₪118.60 and ₪117.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 18.92%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Tuesday, June 25, 2024 and based on theory for this formation the price should go up by 2.11% to ₪134.79 within 14 trading days since signal was issued (Monday, July 15, 2024).
Support, Risk & Stop-loss for Upsellon Brands Holdings Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ₪116.60 and ₪110.50. 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, Upsellon Brands Holdings Ltd finds support just below today's level at ₪116.60. If this is broken, then the next support from accumulated volume will be at ₪110.50 and ₪103.50.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₪9.10 between high and low, or 7.40%. For the last week, the stock has had daily average volatility of 4.92%.
Our recommended stop-loss: ₪126.93 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (UPSL.TA) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Upsellon Brands Holdings Ltd to open at ₪128.97, and during the day (based on 14 day Average True Range), to move between ₪125.38 and ₪138.62, which gives a possible trading interval of +/-₪6.62 (+/-5.02%) up or down from last closing price. If Upsellon Brands Holdings Ltd takes out the full calculated possible swing range there will be an estimated 10.04% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₪116.60, some ₪15.40 (11.67%) from the current price of ₪132.00, our system finds the risk reward attractive.
Is Upsellon Brands Holdings Ltd stock A Buy?
Upsellon Brands Holdings Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.821 Strong Buy Candidate Upgraded
Predicted Opening Price for Upsellon Brands Holdings Ltd of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ₪128.97 ( 2.30%) | ₪132.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UPSL.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 138.07 | 4.60% |
| R2 | 134.59 | 1.96% |
| R1 | 132.44 | 0.336% |
| Price | 132.00 | |
| S1 | 125.49 | -4.93% |
| S2 | 123.34 | -6.56% |
| S3 | 119.87 | -9.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 132.00 | |
| S1 | 116.60 | -11.67% |
| S2 | 110.50 | -16.29% |
| S3 | 103.50 | -21.59% |
UPSL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 13, 2010 | Jul 13, 2010 | Jul 13, 2010 | ₪82,446,110.72 | 66.56% |
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