Cera Sanitaryware Limited Stock Forecast
Cera Sanitaryware Limited stock price ended at ₹7,649.15 on Friday, after gaining 1.14%.
(Updated on Jun 14, 2024)
The Cera Sanitaryware Limited stock price gained 1.14% on the last trading day (Friday, 14th Jun 2024), rising from ₹7,563.00 to ₹7,649.15. During the last trading day the stock fluctuated 1.84% from a day low at ₹7,530.35 to a day high of ₹7,669.00. The price has risen in 7 of the last 10 days and is up by 9.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately ₹104.27 million.
The stock lies in the upper part of a wide and weak rising 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 ₹7,826.46 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.21% during the next 3 months and, with a 90% probability hold a price between ₹7,065.29 and ₹8,077.99 at the end of this 3-month period.
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CERA.NS Signals & Forecast
Mostly positive signals in the chart today. 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 ₹7,406.07 and ₹7,112.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 13.44%. 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 is rising along with the price. This is considered to be a good technical signal. 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 ₹7,626.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹138.65 (1.84%) between high and low. For the last week, the stock has had daily average volatility of 3.14%.
Our recommended stop-loss: ₹7,367.66 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 51 days ago.)
Trading Expectations (CERA.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Cera Sanitaryware Limited to open at ₹7,616.17, and during the day (based on 14 day Average True Range), to move between ₹7,449.69 and ₹7,848.61, which gives a possible trading interval of +/-₹199.46 (+/-2.61%) up or down from last closing price. If Cera Sanitaryware Limited takes out the full calculated possible swing range there will be an estimated 5.22% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹7,626.00, some ₹23.15 (0.30%) from the current price of ₹7,649.15, our system finds the risk reward attractive.
Is Cera Sanitaryware Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Cera Sanitaryware Limited stock to perform well in the short-term.
Current score: 3.728 Buy Candidate Unchanged
Predicted Opening Price for Cera Sanitaryware Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹7,616.17 ( 0.431%) | ₹7,649.15 |
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 | |
|---|---|---|
| R3 | 7,754.82 | 1.38% |
| R2 | 7,701.85 | 0.689% |
| R1 | 7,669.13 | 0.261% |
| Price | 7,649.15 | |
| S1 | 7,563.20 | -1.12% |
| S2 | 7,530.48 | -1.55% |
| S3 | 7,477.52 | -2.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 7,649.15 | |
| S1 | 7,626.00 | -0.303% |
| S2 | 7,159.90 | -6.40% |
| S3 | 7,119.40 | -6.93% |
CERA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2024 | Jun 25, 2024 | Aug 10, 2024 | ₹60.00 | 0.784% |
| 2 | Jun 20, 2023 | Jun 20, 2023 | Jun 20, 2023 | ₹50.00 | 0.622% |
| 3 | Jun 13, 2022 | Jun 13, 2022 | Jun 13, 2022 | ₹15.00 | 0.373% |
| 4 | Jul 16, 2021 | Jul 16, 2021 | Jul 16, 2021 | ₹13.00 | 0.290% |
| 5 | Feb 11, 2020 | Feb 26, 2020 | Mar 14, 2020 | ₹13.00 | 0.553% |
FAQ
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