Capital Trust Ltd Stock Forecast

Weaker technical forecast for Capital Trust Ltd as stock downgraded to Hold/Accumulate.
(Updated on May 21, 2024)

CAPTRUST.NS Signals & Forecast

The Capital Trust Ltd 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 ₹121.77. On a fall, the stock will find some support from the long-term average at approximately ₹120.05. 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. 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, May 06, 2024, and so far it has fallen -4.93%. 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). Capital Trust Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Capital Trust Ltd stock

Capital Trust Ltd finds support from accumulated volume at ₹121.00 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹5.10 between high and low, or 4.31%. For the last week, the stock has had daily average volatility of 4.23%.

Our recommended stop-loss: ₹117.21 (-3.49%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 25 days ago.)

Trading Expectations (CAPTRUST.NS) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Capital Trust Ltd to open at ₹121.08, and during the day (based on 14 day Average True Range), to move between ₹114.65 and ₹128.25, which gives a possible trading interval of +/-₹6.80 (+/-5.60%) up or down from last closing price. If Capital Trust Ltd takes out the full calculated possible swing range there will be an estimated 11.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹121.00 (0.37%) than the resistance at ₹127.35 (4.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Capital Trust Ltd stock A Buy?

Capital Trust Ltd holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Capital Trust Ltd of Wednesday, May 22, 2024

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