Camex Limited Stock Forecast
Camex Limited stock price ended at ₹65.17 on Friday, after gaining 3.77%.
(Updated on Jun 28, 2024)
The Camex Limited stock price gained 3.77% on the last trading day (Friday, 28th Jun 2024), rising from ₹62.80 to ₹65.17. During the last trading day the stock fluctuated 9.90% from a day low at ₹60.00 to a day high of ₹65.94. The price has been going up and down for this period, and there has been a 24.37% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 206 thousand more shares were traded than the day before. In total, 226 thousand shares were bought and sold for approximately ₹14.71 million.
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 39.45% during the next 3 months and, with a 90% probability hold a price between ₹74.97 and ₹103.47 at the end of this 3-month period.
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CAMEXLTD.BO Signals & Forecast
The Camex Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹65.27. On a fall, the stock will find some support from the long-term average at approximately ₹52.03. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 -10.42%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Camex Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹54.77 and ₹50.87. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Camex Limited finds support just below today's level at ₹54.77. If this is broken, then the next support from accumulated volume will be at ₹50.87 and ₹49.15.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹5.94 between high and low, or 9.90%. For the last week, the stock has had daily average volatility of 8.51%.
Our recommended stop-loss: ₹62.38 (-4.29%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (CAMEXLTD.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Camex Limited to open at ₹63.70, and during the day (based on 14 day Average True Range), to move between ₹60.36 and ₹69.98, which gives a possible trading interval of +/-₹4.81 (+/-7.38%) up or down from last closing price. If Camex Limited takes out the full calculated possible swing range there will be an estimated 14.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹65.72 (0.84%) than the support at ₹54.77 (15.96%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
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: 3.748 Buy Candidate Unchanged
Predicted Opening Price for Camex Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₹63.70 ( 2.25%) | ₹65.17 |
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 | 69.64 | 6.86% |
R2 | 67.37 | 3.38% |
R1 | 65.97 | 1.23% |
Price | 65.17 | |
S1 | 61.43 | -5.73% |
S2 | 60.03 | -7.88% |
S3 | 57.76 | -11.37% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 72.75 | 11.63% |
R2 | 69.57 | 6.75% |
R1 | 65.72 | 0.84% |
Price | 65.17 | |
S1 | 54.77 | -15.96% |
S2 | 50.87 | -21.94% |
S3 | 49.15 | -24.58% |
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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