Century Extrusions Limited Stock Forecast

Century Extrusions Limited stock price ended at ₹19.80 on Thursday, after losing 1.98%.
(Updated on Apr 18, 2024)

CENTEXT.NS Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 7.61%. 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 Century Extrusions 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 ₹20.94 and ₹20.90. A break-up above any of these levels will issue buy signals. Century Extrusions Limited 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 Century Extrusions Limited stock

Century Extrusions Limited finds support from accumulated volume at ₹19.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹0.200 between high and low, or 1.01%. For the last week, the stock has had daily average volatility of 0.202%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (CENTEXT.NS) For The Upcoming Trading Day Of Friday 19th

For the upcoming trading day on Friday, 19th we expect Century Extrusions Limited to open at ₹19.87, and during the day (based on 14 day Average True Range), to move between ₹18.90 and ₹20.70, which gives a possible trading interval of +/-₹0.90 (+/-4.55%) up or down from last closing price. If Century Extrusions Limited takes out the full calculated possible swing range there will be an estimated 9.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹19.70 (0.51%) than the resistance at ₹22.85 (15.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Century Extrusions Limited stock A Buy?

Century Extrusions Limited holds several negative signals and is within a very 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: -2.755 Sell Candidate Unchanged

Predicted Opening Price for Century Extrusions Limited of Friday, April 19, 2024

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