Cello World Limited Stock Forecast
Red day on Friday for Cello World Limited
(Updated on Jun 28, 2024)
The Cello World Limited stock price fell by -0.136% on the last day (Friday, 28th Jun 2024) from ₹882.00 to ₹880.80. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.64% from a day low at ₹876.00 to a day high of ₹890.40. The price has fallen in 7 of the last 10 days but is still up by 0.32% 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 -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₹2.13 million.
The stock lies in the middle of a wide and weak 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 4.66% during the next 3 months and, with a 90% probability hold a price between ₹877.80 and ₹1,030.50 at the end of this 3-month period.
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CELLO.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 6.51%. Further rise is indicated until a new top pivot has been found. 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. The Cello World 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 ₹893.05 and ₹884.88. A break-up above any of these levels will issue buy signals. 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 Cello World Limited stock
Cello World Limited finds support from accumulated volume at ₹846.35 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 ₹14.40 between high and low, or 1.64%. For the last week, the stock has had daily average volatility of 2.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CELLO.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Cello World Limited to open at ₹882.40, and during the day (based on 14 day Average True Range), to move between ₹850.80 and ₹910.80, which gives a possible trading interval of +/-₹30.00 (+/-3.41%) up or down from last closing price. If Cello World Limited takes out the full calculated possible swing range there will be an estimated 6.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹906.90 (2.96%) than the support at ₹846.35 (3.91%), 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 Cello World Limited stock A Buy?
Cello World Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.394 Sell Candidate Unchanged
Predicted Opening Price for Cello World Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹882.40 ( 0.182%) | ₹880.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CELLO.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 896.80 | 1.82% |
| R2 | 891.30 | 1.19% |
| R1 | 887.90 | 0.81% |
| Price | 880.80 | |
| S1 | 876.90 | -0.443% |
| S2 | 873.50 | -0.83% |
| S3 | 868.00 | -1.45% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 951.70 | 8.05% |
| R2 | 927.90 | 5.35% |
| R1 | 906.90 | 2.96% |
| Price | 880.80 | |
| S1 | 846.35 | -3.91% |
| S2 | 834.05 | -5.31% |
| S3 | 809.60 | -8.08% |
CELLO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 02, 2024 | Aug 02, 2024 | Sep 09, 2024 | ₹1.50 | 0.170% |
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