3P LAND HOLDINGS LTD. Stock Forecast

Weaker technical forecast for 3P LAND HOLDINGS LTD. as stock downgraded to Sell Candidate.
(Updated on May 17, 2024)

3PLAND.BO Signals & Forecast

There are few to no technical positive signals at the moment. The 3P LAND HOLDINGS 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 ₹30.21 and ₹30.68. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -11.38%. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for 3P LAND HOLDINGS LTD. stock

3P LAND HOLDINGS LTD. finds support from accumulated volume at ₹29.61 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹1.46 between high and low, or 4.92%. For the last week the stock has had daily average volatility of 4.86%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (3PLAND.BO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect 3P LAND HOLDINGS LTD. to open at ₹30.31, and during the day (based on 14 day Average True Range), to move between ₹28.57 and ₹31.69, which gives a possible trading interval of +/-₹1.56 (+/-5.18%) up or down from last closing price. If 3P LAND HOLDINGS LTD. takes out the full calculated possible swing range there will be an estimated 10.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹29.61 (1.73%) than the resistance at ₹30.96 (2.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is 3P LAND HOLDINGS LTD. stock A Buy?

3P LAND HOLDINGS 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 Hold/Accumulate to a Sell candidate.

Current score: -4.250 Sell Candidate Downgraded

Predicted Opening Price for 3P LAND HOLDINGS LTD. of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.