Cera Sanitaryware Limited Stock Forecast
Red day on Wednesday for Cera Sanitaryware Limited
(Updated on Apr 24, 2024)
The Cera Sanitaryware Limited stock price fell by -0.612% on the last day (Wednesday, 24th Apr 2024) from ₹7,307.35 to ₹7,262.60. During the last trading day the stock fluctuated 1.46% from a day low at ₹7,215.00 to a day high of ₹7,320.00. The price has risen in 6 of the last 10 days and is up by 0.15% 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 -10 thousand shares and in total, 6 thousand shares were bought and sold for approximately ₹46.16 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹7,350.46 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -13.64% during the next 3 months and, with a 90% probability hold a price between ₹5,334.70 and ₹6,347.66 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CERA.NS Signals & Forecast
The Cera Sanitaryware Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹7,184.64 and ₹7,170.99. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 03, 2024, and so far it has fallen -4.77%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, April 22, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Cera Sanitaryware Limited stock
Cera Sanitaryware Limited finds support from accumulated volume at ₹6,992.55 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 ₹105.00 between high and low, or 1.46%. For the last week, the stock has had daily average volatility of 2.03%.
Our recommended stop-loss: ₹6,908.78 (-4.87%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (CERA.NS) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Cera Sanitaryware Limited to open at ₹7,265.87, and during the day (based on 14 day Average True Range), to move between ₹7,051.90 and ₹7,473.30, which gives a possible trading interval of +/-₹210.70 (+/-2.90%) up or down from last closing price. If Cera Sanitaryware Limited takes out the full calculated possible swing range there will be an estimated 5.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹6,992.55 (3.72%) than the resistance at ₹7,579.50 (4.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cera Sanitaryware Limited stock A Buy?
Cera Sanitaryware Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.020 Hold/Accumulate Unchanged
Predicted Opening Price for Cera Sanitaryware Limited of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ₹7,265.87 ( 0.0450%) | ₹7,262.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CERA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,370.87 | 1.49 % | |
| R2 | 7,330.76 | 0.94 % | ||
| R1 | 7,305.98 | 0.597 % | ||
| Current price: | 7,262.60 | |||
| Support | S1 | 7,225.76 | -0.507 % | |
| S2 | 7,200.98 | -0.85 % | ||
| S3 | 7,160.87 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,661.40 | 5.49 % | |
| R2 | 7,626.00 | 5.00 % | ||
| R1 | 7,579.50 | 4.36 % | ||
| Current price | 7,262.60 | |||
| Support | S1 | 6,992.55 | -3.72% | |
| S2 | 6,870.80 | -5.39% | ||
| S3 | 6,841.15 | -5.80% |
CERA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ₹50.00 | 0.622% |
| 2 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | ₹15.00 | 0.373% |
| 3 | Jul 16, 2021 | Jul 16, 2021 | Jul 16, 2021 | ₹13.00 | 0.290% |
| 4 | Feb 11, 2020 | Feb 26, 2020 | Mar 14, 2020 | ₹13.00 | 0.553% |
| 5 | Jul 12, 2019 | Jul 12, 2019 | Jul 12, 2019 | ₹13.00 | 0.452% |
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