Camex Limited Stock Forecast
Red day on Wednesday for Camex Limited stock after losing 4.99%
(Updated on Jun 26, 2024)
The Camex Limited stock price fell by -4.99% on the last day (Wednesday, 26th Jun 2024) from ₹69.57 to ₹66.10. During the last trading day the stock fluctuated 5.90% from a day low at ₹66.10 to a day high of ₹70.00. The price has risen in 6 of the last 10 days and is up by 31.96% over the past 2 weeks. 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 -58 thousand shares and in total, 13 thousand shares were bought and sold for approximately ₹849.45 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 36.16% during the next 3 months and, with a 90% probability hold a price between ₹71.42 and ₹99.97 at the end of this 3-month period.
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CAMEXLTD.BO Signals & Forecast
The Camex Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹61.77 and ₹50.79. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -9.14%. Further fall is indicated until a new bottom pivot has been found. 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 Camex Limited stock
Camex Limited finds support from accumulated volume at ₹65.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved ₹3.90 between high and low, or 5.90%. For the last week the stock has had daily average volatility of 12.32%.
Our recommended stop-loss: ₹63.16 (-4.45%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (CAMEXLTD.BO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Camex Limited to open at ₹67.40, and during the day (based on 14 day Average True Range), to move between ₹61.27 and ₹70.93, which gives a possible trading interval of +/-₹4.83 (+/-7.30%) up or down from last closing price. If Camex Limited takes out the full calculated possible swing range there will be an estimated 14.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹65.72 (0.57%) than the resistance at ₹69.57 (5.25%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Camex Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Camex Limited stock to perform well in the short-term.
Current score: 2.832 Buy Candidate Unchanged
Predicted Opening Price for Camex Limited of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
₹67.40 ( 1.97%) | ₹66.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAMEXLTD.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 71.30 | 7.87% |
R2 | 69.81 | 5.61% |
R1 | 68.89 | 4.22% |
Price | 66.10 | |
S1 | 65.91 | -0.287% |
S2 | 64.99 | -1.68% |
S3 | 63.50 | -3.93% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 72.75 | 10.06% |
R1 | 69.57 | 5.25% |
Price | 66.10 | |
S1 | 65.72 | -0.575% |
S2 | 54.77 | -17.14% |
S3 | 50.87 | -23.04% |
CAMEXLTD Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 08, 2014 | Sep 08, 2014 | Sep 08, 2014 | ₹0.500 | 1.67% |
2 | Aug 23, 2013 | Aug 23, 2013 | Aug 23, 2013 | ₹0.500 | 6.09% |
3 | Aug 03, 2012 | Aug 03, 2012 | Aug 03, 2012 | ₹0.500 | 4.16% |
4 | Sep 22, 2011 | Sep 22, 2011 | Sep 22, 2011 | ₹0.500 | 3.39% |
FAQ
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