Cineline India Limited Stock Forecast
Cineline India Limited stock price ended at ₹123.70 on Friday, after losing 2.29%.
(Updated on May 24, 2024)
The Cineline India Limited stock price fell by -2.29% on the last day (Friday, 24th May 2024) from ₹126.60 to ₹123.70. During the last trading day the stock fluctuated 4.33% from a day low at ₹121.35 to a day high of ₹126.60. The price has fallen in 5 of the last 10 days but is still up by 2.91% 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 -26 thousand shares and in total, 88 thousand shares were bought and sold for approximately ₹10.83 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Cineline India Limited stock with a 90% probability to be traded between ₹114.74 and ₹136.35 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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CINELINE.NS Signals & Forecast
The Cineline India 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 ₹123.31 and ₹123.30. 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, May 22, 2024, and so far it has fallen -5.79%. 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.
Support, Risk & Stop-loss for Cineline India Limited stock
Cineline India Limited finds support from accumulated volume at ₹122.70 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 ₹5.25 between high and low, or 4.33%. For the last week, the stock has had daily average volatility of 6.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CINELINE.NS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Cineline India Limited to open at ₹123.88, and during the day (based on 14 day Average True Range), to move between ₹117.98 and ₹129.42, which gives a possible trading interval of +/-₹5.72 (+/-4.63%) up or down from last closing price. If Cineline India 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 ₹122.70 (0.81%) than the resistance at ₹129.70 (4.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cineline India Limited stock A Buy?
Cineline India Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.210 Sell Candidate Unchanged
Predicted Opening Price for Cineline India Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| ₹123.88 ( 0.148%) | ₹123.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CINELINE.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 129.13 | 4.39 % | |
| R2 | 127.13 | 2.77 % | ||
| R1 | 125.89 | 1.77 % | ||
| Current price: | 123.70 | |||
| Support | S1 | 121.88 | -1.47 % | |
| S2 | 120.64 | -2.47 % | ||
| S3 | 118.63 | -4.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 132.80 | 7.36 % | |
| R2 | 131.30 | 6.14 % | ||
| R1 | 129.70 | 4.85 % | ||
| Current price | 123.70 | |||
| Support | S1 | 122.70 | -0.81% | |
| S2 | 121.65 | -1.66% | ||
| S3 | 111.25 | -10.06% |
CINELINE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2017 | Sep 11, 2017 | Oct 19, 2017 | ₹0.500 | 0.561% |
| 2 | May 26, 2010 | Jul 23, 2010 | Sep 02, 2010 | ₹1.20 | 1.94% |
| 3 | May 22, 2009 | Sep 01, 2009 | Sep 01, 2009 | ₹1.20 | 2.20% |
| 4 | May 29, 2008 | Aug 21, 2008 | Oct 01, 2008 | ₹1.50 | 1.76% |
FAQ
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