Capri Global Capital Limited Stock Forecast
High volatility in Capri Global Capital Limited stock price on Tuesday which ended trading at ₹214.65
(Updated on Jun 25, 2024)
The Capri Global Capital Limited stock price fell by -0.92% on the last day (Tuesday, 25th Jun 2024) from ₹216.65 to ₹214.65. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 10.69% from a day low at ₹213.20 to a day high of ₹236.00. The price has fallen in 7 of the last 10 days but is still up by 0.14% over the past 2 weeks. Volume has increased on the last day by 203 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 220 thousand shares were bought and sold for approximately ₹47.28 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₹209.56 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Capri Global Capital Limited stock with a 90% probability to be traded between ₹206.43 and ₹238.35 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CGCL.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 2.00%. 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 Capri Global Capital 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 ₹220.32 and ₹219.44. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Capri Global Capital Limited stock
Capri Global Capital Limited finds support from accumulated volume at ₹211.10 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 ₹22.80 (10.69%) between high and low. For the last week, the stock has had daily average volatility of 5.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CGCL.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Capri Global Capital Limited to open at ₹221.28, and during the day (based on 14 day Average True Range), to move between ₹204.73 and ₹224.57, which gives a possible trading interval of +/-₹9.92 (+/-4.62%) up or down from last closing price. If Capri Global Capital Limited takes out the full calculated possible swing range there will be an estimated 9.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹211.10 (1.65%) than the resistance at ₹221.65 (3.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Capri Global Capital Limited stock A Buy?
Capri Global Capital Limited holds several negative signals and is within a 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: -2.328 Sell Candidate Unchanged
Predicted Opening Price for Capri Global Capital Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹221.28 ( 3.09%) | ₹214.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CGCL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 244.08 | 13.71% |
| R2 | 235.37 | 9.65% |
| R1 | 229.99 | 7.15% |
| Price | 214.65 | |
| S1 | 212.57 | -0.97% |
| S2 | 207.19 | -3.47% |
| S3 | 198.48 | -7.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 244.95 | 14.12% |
| R2 | 238.55 | 11.13% |
| R1 | 221.65 | 3.26% |
| Price | 214.65 | |
| S1 | 211.10 | -1.65% |
| S2 | 204.60 | -4.68% |
| S3 | 203.65 | -5.12% |
CGCL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 23, 2023 | Aug 23, 2023 | Oct 01, 2023 | ₹0.500 | 0.252% |
| 2 | Sep 15, 2022 | Sep 15, 2022 | Oct 26, 2022 | ₹0.473 | 0.265% |
| 3 | Sep 07, 2021 | Sep 07, 2021 | Oct 15, 2021 | ₹0.378 | 0.306% |
| 4 | Jul 23, 2020 | Jul 23, 2020 | Aug 30, 2020 | ₹0.189 | 0.357% |
| 5 | Jul 25, 2019 | Jul 25, 2019 | Sep 01, 2019 | ₹0.340 | 0.94% |
FAQ
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