Vitania Ltd. Stock Forecast
Vitania Ltd. stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on May 09, 2024)
The Vitania Ltd. stock price fell by -0.294% on the last day (Thursday, 9th May 2024) from ₪2,043.00 to ₪2,037.00. During the last trading day the stock fluctuated 4.87% from a day low at ₪1,992.00 to a day high of ₪2,089.00. The price has fallen in 5 of the last 10 days but is still up by 2.98% over the past 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 thousand shares were bought and sold for approximately ₪4.04 million.
The stock lies in the middle of a 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 -3.93% during the next 3 months and, with a 90% probability hold a price between ₪1,788.92 and ₪2,012.15 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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VTNA.TA Signals & Forecast
The Vitania 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 ₪2,034.86 and ₪1,999.51. 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 Sunday, May 05, 2024, and so far it has fallen -0.97%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Vitania Ltd. stock
Vitania Ltd. finds support from accumulated volume at ₪2,017.00 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₪97.00 between high and low, or 4.87%. For the last week, the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VTNA.TA) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Vitania Ltd. to open at ₪2,039.33, and during the day (based on 14 day Average True Range), to move between ₪1,973.42 and ₪2,100.58, which gives a possible trading interval of +/-₪63.58 (+/-3.12%) up or down from last closing price. If Vitania Ltd. takes out the full calculated possible swing range there will be an estimated 6.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₪2,040.00 (0.15%) than the support at ₪2,017.00 (0.98%), 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 Vitania Ltd. stock A Buy?
Vitania 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: -1.904 Sell Candidate Downgraded
Predicted Opening Price for Vitania Ltd. of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| ₪2,039.33 ( 0.115%) | ₪2,037.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VTNA.TA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,136.33 | 4.88 % | |
| R2 | 2,099.28 | 3.06 % | ||
| R1 | 2,076.39 | 1.93 % | ||
| Current price: | 2,037.00 | |||
| Support | S1 | 2,002.28 | -1.70 % | |
| S2 | 1,979.39 | -2.83 % | ||
| S3 | 1,942.33 | -4.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,076.00 | 1.91 % | |
| R2 | 2,070.00 | 1.62 % | ||
| R1 | 2,040.00 | 0.147 % | ||
| Current price | 2,037.00 | |||
| Support | S1 | 2,017.00 | -0.98% | |
| S2 | 1,974.00 | -3.09% | ||
| S3 | 1,965.00 | -3.53% |
VTNA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 14, 2024 | ₪55.23 | 2.82% |
| 2 | Sep 07, 2023 | Sep 07, 2023 | Sep 07, 2023 | ₪46.74 | 2.53% |
| 3 | Apr 10, 2023 | Apr 10, 2023 | Apr 10, 2023 | ₪44.61 | 2.01% |
| 4 | Sep 07, 2022 | Sep 07, 2022 | Sep 07, 2022 | ₪31.87 | 1.30% |
| 5 | Apr 04, 2022 | Apr 04, 2022 | Apr 04, 2022 | ₪53.11 | 1.74% |
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