Ybox Real Estate Ltd. Stock Forecast
Ybox Real Estate Ltd. stock downgraded to Strong Sell Candidate
(Updated on Jun 26, 2024)
The Ybox Real Estate Ltd. stock price fell by -1.13% on the last day (Wednesday, 26th Jun 2024) from ₪70.50 to ₪69.70. During the last trading day the stock fluctuated 3.95% from a day low at ₪68.30 to a day high of ₪71.00. The price has been going up and down for this period, and there has been a 3.72% gain for the last 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 -33 thousand shares and in total, 50 thousand shares were bought and sold for approximately ₪3.47 million.
The stock lies the upper part of a 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 ₪71.43 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 -16.73% during the next 3 months and, with a 90% probability hold a price between ₪50.95 and ₪59.49 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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YBOX.TA Signals & Forecast
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. The Ybox Real Estate 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 ₪71.51 and ₪72.52. 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 -7.68%. 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 Ybox Real Estate Ltd. stock
Ybox Real Estate Ltd. finds support from accumulated volume at ₪67.40 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 ₪2.70 between high and low, or 3.95%. For the last week, the stock has had daily average volatility of 2.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YBOX.TA) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Ybox Real Estate Ltd. to open at ₪69.67, and during the day (based on 14 day Average True Range), to move between ₪66.42 and ₪72.98, which gives a possible trading interval of +/-₪3.28 (+/-4.71%) up or down from last closing price. If Ybox Real Estate Ltd. takes out the full calculated possible swing range there will be an estimated 9.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪67.40 (3.30%) than the resistance at ₪75.50 (8.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ybox Real Estate Ltd. stock A Buy?
Ybox Real Estate Ltd. holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.425 Strong Sell Candidate Downgraded
Predicted Opening Price for Ybox Real Estate Ltd. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₪69.67 ( 0.0478%) | ₪69.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YBOX.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 72.37 | 3.83% |
| R2 | 71.34 | 2.35% |
| R1 | 70.70 | 1.43% |
| Price | 69.70 | |
| S1 | 68.64 | -1.53% |
| S2 | 68.00 | -2.44% |
| S3 | 66.97 | -3.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 80.80 | 15.93% |
| R2 | 79.10 | 13.49% |
| R1 | 75.50 | 8.32% |
| Price | 69.70 | |
| S1 | 67.40 | -3.30% |
| S2 | 67.20 | -3.59% |
| S3 | 66.60 | -4.45% |
YBOX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 26, 2012 | Jul 26, 2012 | Jul 26, 2012 | ₪20.00 | 20.51% |
| 2 | Jul 27, 2011 | Jul 27, 2011 | Jul 27, 2011 | ₪6.00 | 6.84% |
| 3 | May 03, 2010 | May 03, 2010 | May 03, 2010 | ₪70.00 | 41.77% |
FAQ
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