DIMRI (TASE)

DIMRI TASE

YH Dimri Construction and Development

SELL

32900

Prev.Close

33140

Change

-240.0000

Change%

-0.72%

BEARISH THREE OUTSIDE D...

Sold at

32965.2

Open

33140

High

33480

Low

32850

32900

Gain%

-0.20%

Signal History

Date	Price	Signal	Change%		ILS100⇨
10/09	32965	SELL	-0.2%		105
22/08	31525	BUY	+4.6%	✔	100
20/08	30900	SHORT	+2.0%	❌	103
07/08	30510	BUY	+1.3%	✔	103
28/07	31830	SELL	-4.1%	✔	103
26/06	28190	BUY	+12.9%	✔ 👍	92
20/06	27617	SHORT	+2.1%	❌	95
19/06	28290	BUY	-2.4%	❌	98
16/06	27620	SHORT	+2.4%	❌	101
10/06	27744	BUY	-0.4%	❌	102
02/06	28100	SHORT	-1.3%	✔	102
28/05	28146	BUY	-0.2%	❌	103
16/05	30510	SELL	-7.7%	✔	103
01/05	29420	BUY	+3.7%	✔	100
25/04	28908	SELL	+1.8%	❌	100
21/04	28598	BUY	+1.1%	✔	99
11/04	28181	SHORT	+1.5%	❌	102
09/04	29000	BUY	-2.8%	❌	106
28/03	29566	SELL	-1.9%	✔	106
14/03	27670	BUY	+6.9%	✔	100

† Trade commissions are taken as 0.40%.

Pattern & Confirmation Chart for the Last 6 Months

Signal Update

Our system’s recommendation today is to SELL. The BEARISH THREE OUTSIDE DOWN pattern finally received a confirmation because the prices crossed below the confirmation level which was at 33140, and our valid average selling price stands now at 32965. The previous BUY signal was issued on 22/08/2024, 19 days ago, when the stock price was 31525. Since then DIMRI has risen by +4.57%.

Market Outlook

We may be at a market top or at the start of a correction. The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.

Pattern Description

This is a confirmed Bearish Engulfing pattern. The first two lines are exactly the same as the Bearish Engulfing pattern and the third day represents its confirmation. more...

Date	Price	Signal	Change%		ILS100⇨
10/09	32965	SELL	-0.2%		186
22/08	31525	BUY	+4.6%	✔	178
20/08	30900	SHORT	+2.0%	❌	183
07/08	30510	BUY	+1.3%	✔	183
28/07	31830	SELL	-4.1%	✔	183
26/06	28190	BUY	+12.9%	✔ 👍	163
20/06	27617	SHORT	+2.1%	❌	168
19/06	28290	BUY	-2.4%	❌	173
16/06	27620	SHORT	+2.4%	❌	179
10/06	27744	BUY	-0.4%	❌	181
02/06	28100	SHORT	-1.3%	✔	180
28/05	28146	BUY	-0.2%	❌	182
16/05	30510	SELL	-7.7%	✔	183
01/05	29420	BUY	+3.7%	✔	177
25/04	28908	SELL	+1.8%	❌	178
21/04	28598	BUY	+1.1%	✔	177
11/04	28181	SHORT	+1.5%	❌	181
09/04	29000	BUY	-2.8%	❌	187
28/03	29566	SELL	-1.9%	✔	188
14/03	27670	BUY	+6.9%	✔	177
05/03	28600	SELL	-3.3%	✔	178
19/02	27420	BUY	+4.3%	✔	171
15/02	27253	SELL	+0.6%	❌	172
05/02	26259	BUY	+3.8%	✔	166
01/02	26401	SELL	-0.5%	✔	167
18/01	24927	BUY	+5.9%	✔	158
04/01	26283	SELL	-5.2%	✔	159
27/12	25791	BUY	+1.9%	✔	156
24/12	25307	SELL	+1.9%	❌	157
20/12	25913	BUY	-2.3%	❌	161
18/12	25487	SELL	+1.7%	❌	162
13/12	24275	BUY	+5.0%	✔	155
10/12	24520	SELL	-1.0%	✔	155
05/12	24148	BUY	+1.5%	✔	154
30/11	24200	SELL	-0.2%	✔	154
14/11	23072	BUY	+4.9%	✔	148
12/11	23836	SELL	-3.2%	✔	148
31/10	21329	BUY	+11.8%	✔ 👍	133
29/10	20415	SHORT	+4.5%	❌	141
18/10	20856	BUY	-2.1%	❌	145