Compuage Infocom Ltd Stock Forecast
Stronger technical forecast for Compuage Infocom Ltd stock price after Tuesday trading.
(Updated on Jun 18, 2024)
The Compuage Infocom Ltd stock price gained 4.88% on the last trading day (Tuesday, 18th Jun 2024), rising from ₹3.69 to ₹3.87. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0% from a day low at ₹3.87 to a day high of ₹3.87. The price has been going up and down for this period, and there has been a 3.2% gain for the last 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 10 thousand shares were bought and sold for approximately ₹40.22 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a very 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 ₹4.10 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 -31.33% during the next 3 months and, with a 90% probability hold a price between ₹1.99 and ₹2.82 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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COMPINFO.NS Signals & Forecast
There are mixed signals in the stock today. The Compuage Infocom Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹4.08. On a fall, the stock will find some support from the short-term average at ₹3.41. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Monday, June 10, 2024, and so far it has risen 26.89%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Compuage Infocom Ltd stock
Compuage Infocom Ltd finds support from accumulated volume at ₹3.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.33%.
Our recommended stop-loss: ₹3.73 (-3.54%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (COMPINFO.NS) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Compuage Infocom Ltd to open at ₹3.87, and during the day (based on 14 day Average True Range), to move between ₹3.74 and ₹4.00, which gives a possible trading interval of +/-₹0.135 (+/-3.48%) up or down from last closing price. If Compuage Infocom Ltd takes out the full calculated possible swing range there will be an estimated 6.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹3.75 (3.10%) than the resistance at ₹4.20 (8.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Compuage Infocom Ltd stock A Buy?
Compuage Infocom Ltd 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.398 Hold/Accumulate Upgraded
Predicted Opening Price for Compuage Infocom Ltd of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| ₹3.87 ( 0.00000000%) | ₹3.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COMPINFO.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.87 | 0.00000000% |
| R2 | 3.87 | 0.00000000% |
| R1 | 3.87 | 0.00000000% |
| Price | 3.87 | |
| S1 | 3.87 | 0.00000000% |
| S2 | 3.87 | 0.00000000% |
| S3 | 3.87 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.60 | 18.86% |
| R2 | 4.40 | 13.70% |
| R1 | 4.20 | 8.53% |
| Price | 3.87 | |
| S1 | 3.75 | -3.10% |
| S2 | 3.15 | -18.60% |
| S3 | 3.05 | -21.19% |
COMPINFO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 22, 2022 | Aug 22, 2022 | Aug 22, 2022 | ₹0.193 | 0.82% |
| 2 | Sep 07, 2021 | Sep 07, 2021 | Sep 07, 2021 | ₹0.193 | 0.793% |
| 3 | Jun 23, 2020 | Aug 07, 2020 | Sep 17, 2020 | ₹0.193 | 1.34% |
| 4 | May 16, 2019 | Aug 09, 2019 | Aug 22, 2019 | ₹0.387 | 4.11% |
| 5 | May 04, 2018 | Sep 18, 2018 | Sep 28, 2018 | ₹0.387 | 1.41% |
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