RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CENTRUM.NS
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Centrum Capital Limited stock downgraded to Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Centrum Capital Limited stock price gained 1.42% on the last trading day (Thursday, 28th Mar 2024), rising from ₹28.15 to ₹28.55. During the last trading day the stock fluctuated 3.74% from a day low at ₹28.10 to a day high of ₹29.15. The price has fallen in 6 of the last 10 days but is still up by 8.76% over the past 2 weeks. Volume fell on the last day by -500 thousand shares and in total, 1 million shares were bought and sold for approximately ₹30.13 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a very 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 -4.58% during the next 3 months and, with a 90% probability hold a price between ₹24.77 and ₹36.59 at the end of this 3-month period.

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CENTRUM.NS Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 8.76%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Centrum Capital Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹29.29 and ₹33.21. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss for Centrum Capital Limited stock

Centrum Capital Limited finds support from accumulated volume at ₹28.25 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 ₹1.05 between high and low, or 3.74%. For the last week, the stock has had daily average volatility of 6.33%.

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

Trading Expectations (CENTRUM.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Centrum Capital Limited to open at ₹28.60, and during the day (based on 14 day Average True Range), to move between ₹26.26 and ₹30.84, which gives a possible trading interval of +/-₹2.29 (+/-8.02%) up or down from last closing price. If Centrum Capital Limited takes out the full calculated possible swing range there will be an estimated 16.05% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹28.25 (1.05%) than the resistance at ₹33.90 (18.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Centrum Capital Limited stock A Buy?

Centrum Capital 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.250 Sell Candidate Downgraded

Predicted Opening Price for Centrum Capital Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹28.60 ( 0.175%) ₹28.55

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

Trading levels for CENTRUM.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 29.65 3.85 %
R2 29.25 2.45 %
R1 29.00 1.58 %
Current price: 28.55
Support S1 28.20 -1.23 %
S2 27.95 -2.10 %
S3 27.55 -3.50 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 34.90 22.24 %
R2 34.70 21.54 %
R1 33.90 18.74 %
Current price 28.55
Support S1 28.25 -1.05%
S2 28.15 -1.40%
S3 26.25 -8.06%

CENTRUM Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 28, 2019 Sep 04, 2019 Oct 11, 2019 ₹0.0500 0.217%
2 Aug 03, 2018 Aug 03, 2018 Aug 03, 2018 ₹0.0500 0.0857%

FAQ

What is the symbol for Centrum Capital Limited Stock and on which exchange is it traded?
The symbol for Centrum Capital Limited is CENTRUM.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Centrum Capital Limited Stock?
Centrum Capital 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Centrum Capital Limited Stock?
Centrum Capital Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Centrum Capital Limited Stock.

What's the current price of Centrum Capital Limited Stock?
As of the end of day on the 2024-03-28, the price of an Centrum Capital Limited (CENTRUM.NS) share was ₹28.55.

What is the 52-week high and low for Centrum Capital Limited Stock?
The 52-week high for Centrum Capital Limited Stock is ₹41.40 and the 52-week low is ₹16.85.

What is the market capitalization of Centrum Capital Limited Stock?
As of the 2024-03-28, the market capitalization of Centrum Capital Limited is 11.878B.

When is the next earnings date for Centrum Capital Limited?
The upcoming earnings date for Centrum Capital Limited is May 17, 2024.
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About Centrum Capital Limited

Centrum Capital Limited Centrum Capital Limited, together with its subsidiaries, provides various financial services for institutions and individuals in India. It operates through Institutional Business, Wealth Management & Distribution, Housing Finance Business, and SME / Micro Credit Lending Business segments. The company offers investment banking services, including equity initial public offerings (IPO), follow-on public offerings and rights issues, pre-IPO placement... CENTRUM.NS Profile

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