California Software Company Limited Stock Forecast

California Software Company Limited stock price down 0% on Tuesday
(Updated on May 28, 2024)

CALSOFT.NS 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 California Software Company Limited 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 ₹15.71 and ₹16.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -9.59%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

Support, Risk & Stop-loss for California Software Company Limited stock

California Software Company Limited finds support from accumulated volume at ₹15.35 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 ₹0.90 between high and low, or 5.94%. For the last week the stock has had daily average volatility of 7.58%.

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

Trading Expectations (CALSOFT.NS) For The Upcoming Trading Day Of Wednesday 29th

For the upcoming trading day on Wednesday, 29th we expect California Software Company Limited to open at ₹15.58, and during the day (based on 14 day Average True Range), to move between ₹14.61 and ₹16.49, which gives a possible trading interval of +/-₹0.94 (+/-6.03%) up or down from last closing price. If California Software Company Limited takes out the full calculated possible swing range there will be an estimated 12.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹15.35 (1.29%) than the resistance at ₹16.15 (3.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is California Software Company Limited stock A Buy?

California Software Company Limited 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.

Current score: -5.355 Strong Sell Candidate Unchanged

Predicted Opening Price for California Software Company Limited of Wednesday, May 29, 2024

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