MIND C.T.I. Ltd. Stock Forecast
Evaluation of MIND C.T.I. Ltd. stock downgraded after the last trading session.
(Updated on Mar 28, 2024)
The MIND C.T.I. Ltd. stock price fell by -1.70% on the last day (Thursday, 28th Mar 2024) from $1.93 to $1.90. During the last trading day the stock fluctuated 2.11% from a day low at $1.89 to a day high of $1.93. The price has fallen in 6 of the last 10 days and is down by -12.57% for this period. Volume has increased on the last day by 26 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, 36 thousand shares were bought and sold for approximately $68.73 thousand.
Given the current horizontal trend, you can expect MIND C.T.I. Ltd. stock with a 90% probability to be traded between $1.90 and $2.25 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MNDO Signals & Forecast
There are few to no technical positive signals at the moment. The MIND C.T.I. 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 $1.91 and $2.08. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -15.30%. 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). MIND C.T.I. Ltd. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for MIND C.T.I. 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 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 $0.0399 between high and low, or 2.11%. For the last week, the stock has had daily average volatility of 1.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MNDO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect MIND C.T.I. Ltd. to open at $1.91, and during the day (based on 14 day Average True Range), to move between $1.84 and $1.95, which gives a possible trading interval of +/-$0.0566 (+/-2.98%) up or down from last closing price. If MIND C.T.I. Ltd. takes out the full calculated possible swing range there will be an estimated 5.97% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $2.00, some $0.103 (5.42%) from the current price of $1.90, our system finds the risk reward not very attractive.
Is MIND C.T.I. Ltd. stock A Buy?
MIND C.T.I. 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 Hold/Accumulate to a Sell candidate.
Current score: -2.582 Sell Candidate Downgraded
Predicted Opening Price for MIND C.T.I. Ltd. of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$1.91 ( 0.448%) | $1.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MNDO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.95 | 2.55 % | |
R2 | 1.93 | 1.75 % | ||
R1 | 1.92 | 1.25 % | ||
Current price: | 1.90 | |||
Support | S1 | 1.89 | -0.355 % | |
S2 | 1.88 | -0.85 % | ||
S3 | 1.87 | -1.66 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.24 | 18.07 % | |
R2 | 2.07 | 9.11 % | ||
R1 | 2.00 | 5.42 % | ||
Current price | 1.90 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
MNDO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 06, 2024 | Mar 19, 2024 | Apr 04, 2024 | $0.240 | 12.63% |
2 | Mar 08, 2023 | Mar 21, 2023 | Apr 06, 2023 | $0.240 | 12.50% |
3 | Mar 15, 2022 | Mar 23, 2022 | Apr 06, 2022 | $0.260 | 8.97% |
4 | Mar 04, 2021 | Mar 17, 2021 | Apr 08, 2021 | $0.260 | 8.70% |
5 | Mar 16, 2020 | Mar 24, 2020 | Apr 16, 2020 | $0.240 | 13.87% |
FAQ
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