AudioCodes Ltd. Stock Forecast
Evaluation of AudioCodes Ltd. stock downgraded after the last trading session.
(Updated on Apr 19, 2024)
The AudioCodes Ltd. stock price fell by -2.80% on the last day (Friday, 19th Apr 2024) from $10.72 to $10.42. During the last trading day the stock fluctuated 3.67% from a day low at $10.42 to a day high of $10.80. The price has fallen in 7 of the last 10 days and is down by -16.51% for this period. 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 -21 thousand shares and in total, 21 thousand shares were bought and sold for approximately $221.83 thousand.
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($10.45) are considered to be a "second chance" to get out. According to the fan-theory $7.69 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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AUDC Signals & Forecast
There are few to no technical positive signals at the moment. The AudioCodes 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 $10.91 and $12.63. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 06, 2024, and so far it has fallen -25.04%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for AudioCodes 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.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved $0.382 between high and low, or 3.67%. For the last week the stock has had daily average volatility of 3.88%.
AudioCodes Ltd. is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AUDC) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect AudioCodes Ltd. to open at $10.55, and during the day (based on 14 day Average True Range), to move between $10.01 and $10.83, which gives a possible trading interval of +/-$0.408 (+/-3.92%) up or down from last closing price. If AudioCodes Ltd. takes out the full calculated possible swing range there will be an estimated 7.83% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $10.85, some $0.430 (4.13%) from the current price of $10.42, our system finds the risk reward not very attractive.
Is AudioCodes Ltd. stock A Buy?
AudioCodes 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. 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: -5.299 Strong Sell Candidate Downgraded
Predicted Opening Price for AudioCodes Ltd. of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| $10.55 ( 1.22%) | $10.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUDC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.93 | 4.89 % | |
| R2 | 10.78 | 3.49 % | ||
| R1 | 10.69 | 2.62 % | ||
| Current price: | 10.42 | |||
| Support | S1 | 10.40 | -0.178 % | |
| S2 | 10.31 | -1.04 % | ||
| S3 | 10.17 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.17 | 16.79 % | |
| R2 | 11.52 | 10.56 % | ||
| R1 | 10.85 | 4.13 % | ||
| Current price | 10.42 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
AUDC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 06, 2024 | Feb 20, 2024 | Mar 06, 2024 | $0.180 | 1.32% |
| 2 | Feb 16, 2024 | Feb 16, 2024 | Mar 06, 2024 | $0.180 | 1.32% |
| 3 | Aug 01, 2023 | Aug 17, 2023 | Aug 31, 2023 | $0.180 | 1.74% |
| 4 | Aug 01, 2023 | Aug 16, 2023 | Aug 31, 2023 | $0.180 | 1.74% |
| 5 | Feb 21, 2023 | Feb 21, 2023 | Feb 21, 2023 | $0.180 | 1.05% |
FAQ
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