Career Point Limited Stock Forecast
Career Point Limited stock price down 0.0933% on Friday
(Updated on May 31, 2024)
The Career Point Limited stock price fell by -0.0933% on the last day (Friday, 31st May 2024) from ₹375.05 to ₹374.70. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 2.50% from a day low at ₹370.50 to a day high of ₹379.75. The price has fallen in 7 of the last 10 days and is down by -8.49% for this period. 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 -1 thousand shares and in total, 18 thousand shares were bought and sold for approximately ₹6.68 million.
Given the current short-term trend, the stock is expected to rise 73.91% during the next 3 months and, with a 90% probability hold a price between ₹651.65 and ₹784.64 at the end of this 3-month period.
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CAREERP.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Career Point Limited 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 ₹394.59 and ₹378.71. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -12.62%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Career Point Limited stock
Career Point Limited finds support from accumulated volume at ₹370.85 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 ₹9.25 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 5.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CAREERP.NS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Career Point Limited to open at ₹374.98, and during the day (based on 14 day Average True Range), to move between ₹356.94 and ₹392.46, which gives a possible trading interval of +/-₹17.76 (+/-4.74%) up or down from last closing price. If Career Point Limited takes out the full calculated possible swing range there will be an estimated 9.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹370.85 (1.03%) than the resistance at ₹400.95 (7.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Career Point Limited stock A Buy?
The Career Point Limited stock holds several negative signals and despite the positive trend, we believe Career Point Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.225 Sell Candidate Unchanged
Predicted Opening Price for Career Point Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹374.98 ( 0.0756%) | ₹374.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAREERP.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 384.23 | 2.54 % | |
| R2 | 380.70 | 1.60 % | ||
| R1 | 378.52 | 1.02 % | ||
| Current price: | 374.70 | |||
| Support | S1 | 371.45 | -0.87 % | |
| S2 | 369.27 | -1.45 % | ||
| S3 | 365.73 | -2.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 424.35 | 13.25 % | |
| R2 | 401.50 | 7.15 % | ||
| R1 | 400.95 | 7.01 % | ||
| Current price | 374.70 | |||
| Support | S1 | 370.85 | -1.03% | |
| S2 | 360.30 | -3.84% | ||
| S3 | 313.55 | -16.32% |
CAREERP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 29, 2024 | Jul 29, 2024 | Sep 04, 2024 | ₹1.00 | 0.267% |
| 2 | Feb 23, 2024 | Feb 23, 2024 | Mar 14, 2024 | ₹1.00 | 0.400% |
| 3 | Nov 24, 2023 | Nov 24, 2023 | Nov 24, 2023 | ₹0 | 0% |
| 4 | Nov 17, 2023 | Nov 17, 2023 | Nov 17, 2023 | ₹1.00 | 0.463% |
| 5 | Feb 24, 2023 | Feb 24, 2023 | Feb 24, 2023 | ₹1.00 | 0.599% |
FAQ
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