Cineline India Limited Stock Forecast
Green day on Friday for Cineline India Limited
(Updated on Jun 14, 2024)
The Cineline India Limited stock price gained 0.302% on the last trading day (Friday, 14th Jun 2024), rising from ₹132.54 to ₹132.94. During the last trading day the stock fluctuated 6.31% from a day low at ₹129.81 to a day high of ₹138.00. The price has risen in 7 of the last 10 days and is up by 7.43% 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, 70 thousand more shares were traded than the day before. In total, 146 thousand shares were bought and sold for approximately ₹19.46 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₹134.99 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Cineline India Limited stock with a 90% probability to be traded between ₹119.57 and ₹137.46 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 ₹126.69 and ₹123.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 13.48%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Cineline India Limited stock
Cineline India Limited finds support from accumulated volume at ₹132.80 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 ₹8.19 between high and low, or 6.31%. For the last week, the stock has had daily average volatility of 5.02%.
Our recommended stop-loss: ₹126.30 (-4.99%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (CINELINE.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Cineline India Limited to open at ₹133.58, and during the day (based on 14 day Average True Range), to move between ₹126.95 and ₹138.93, which gives a possible trading interval of +/-₹5.99 (+/-4.50%) up or down from last closing price. If Cineline India Limited takes out the full calculated possible swing range there will be an estimated 9.01% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹132.80, some ₹0.140 (0.11%) from the current price of ₹132.94, our system finds the risk reward attractive.
Is Cineline India Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Cineline India Limited stock to perform well in the short-term period.
Current score: 3.943 Buy Candidate Unchanged
Predicted Opening Price for Cineline India Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹133.58 ( 0.484%) | ₹132.94 |
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 | |
|---|---|---|
| R3 | 141.77 | 6.64% |
| R2 | 138.64 | 4.29% |
| R1 | 136.71 | 2.84% |
| Price | 132.94 | |
| S1 | 130.45 | -1.87% |
| S2 | 128.52 | -3.32% |
| S3 | 125.39 | -5.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 132.94 | |
| S1 | 132.80 | -0.105% |
| S2 | 131.30 | -1.23% |
| S3 | 129.70 | -2.44% |
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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