Caplin Point Laboratories Ltd Stock Forecast
Caplin Point Laboratories Ltd stock price ended at ₹1,309.15 on Thursday, after gaining 1.23%.
(Updated on May 23, 2024)
The Caplin Point Laboratories Ltd stock price gained 1.23% on the last trading day (Thursday, 23rd May 2024), rising from ₹1,293.20 to ₹1,309.15. During the last trading day the stock fluctuated 2.38% from a day low at ₹1,294.15 to a day high of ₹1,325.00. The price has risen in 7 of the last 10 days and is up by 2.89% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 67 thousand shares were bought and sold for approximately ₹87.09 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.05% during the next 3 months and, with a 90% probability hold a price between ₹1,142.79 and ₹1,381.30 at the end of this 3-month period.
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CAPLIPOINT.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 4.22%. Further rise is indicated until a new top pivot has been found. 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. The Caplin Point Laboratories Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹1,326.96 and ₹1,317.29. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Caplin Point Laboratories Ltd stock
Caplin Point Laboratories Ltd finds support from accumulated volume at ₹1,280.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹30.85 (2.38%) between high and low. For the last week, the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CAPLIPOINT.NS) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Caplin Point Laboratories Ltd to open at ₹1,309.43, and during the day (based on 14 day Average True Range), to move between ₹1,271.46 and ₹1,346.84, which gives a possible trading interval of +/-₹37.69 (+/-2.88%) up or down from last closing price. If Caplin Point Laboratories Ltd takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,312.95 (0.29%) than the support at ₹1,280.90 (2.16%), 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 Caplin Point Laboratories Ltd stock A Buy?
Caplin Point Laboratories Ltd holds several negative signals and is within a 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: -1.240 Sell Candidate Unchanged
Predicted Opening Price for Caplin Point Laboratories Ltd of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| ₹1,309.43 ( 0.0216%) | ₹1,309.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAPLIPOINT.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,340.28 | 2.38 % | |
| R2 | 1,328.50 | 1.48 % | ||
| R1 | 1,321.22 | 0.92 % | ||
| Current price: | 1,309.15 | |||
| Support | S1 | 1,297.65 | -0.88 % | |
| S2 | 1,290.37 | -1.43 % | ||
| S3 | 1,278.58 | -2.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,371.75 | 4.78 % | |
| R2 | 1,315.35 | 0.474 % | ||
| R1 | 1,312.95 | 0.290 % | ||
| Current price | 1,309.15 | |||
| Support | S1 | 1,280.90 | -2.16% | |
| S2 | 1,271.70 | -2.86% | ||
| S3 | 1,263.10 | -3.52% |
CAPLIPOINT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 15, 2024 | ₹2.50 | 0.191% |
| 2 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | ₹2.00 | 0.250% |
| 3 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | ₹2.00 | 0.278% |
| 4 | May 23, 2022 | May 23, 2022 | May 23, 2022 | ₹2.00 | 0.268% |
| 5 | Sep 20, 2021 | Sep 20, 2021 | Sep 20, 2021 | ₹1.50 | 0.173% |
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