Compucom Software Limited Stock Forecast
Compucom Software Limited stock price ended at ₹34.13 on Friday, after gaining 3.71%.
(Updated on May 17, 2024)
The Compucom Software Limited stock price gained 3.71% on the last trading day (Friday, 17th May 2024), rising from ₹32.91 to ₹34.13. During the last trading day the stock fluctuated 6.65% from a day low at ₹32.91 to a day high of ₹35.10. The price has been going up and down for this period, and there has been a -1.16% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 69 thousand more shares were traded than the day before. In total, 73 thousand shares were bought and sold for approximately ₹2.49 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.93% during the next 3 months and, with a 90% probability hold a price between ₹35.95 and ₹47.95 at the end of this 3-month period.
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COMPUSOFT.BO Signals & Forecast
The Compucom Software 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 ₹33.39 and ₹31.04. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -6.31%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Compucom Software Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹31.29 and ₹30.66. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Compucom Software Limited finds support just below today's level at ₹31.29. If this is broken, then the next support from accumulated volume will be at ₹30.66 and ₹29.21.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹2.19 between high and low, or 6.65%. For the last week, the stock has had daily average volatility of 4.43%.
Our recommended stop-loss: ₹32.42 (-5.01%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (COMPUSOFT.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Compucom Software Limited to open at ₹34.05, and during the day (based on 14 day Average True Range), to move between ₹32.05 and ₹36.21, which gives a possible trading interval of +/-₹2.08 (+/-6.10%) up or down from last closing price. If Compucom Software Limited takes out the full calculated possible swing range there will be an estimated 12.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹35.12 (2.90%) than the support at ₹31.29 (8.32%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Compucom Software 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 Compucom Software Limited stock to perform well in the short-term.
Current score: 3.293 Buy Candidate Unchanged
Predicted Opening Price for Compucom Software Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹34.05 ( 0.244%) | ₹34.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COMPUSOFT.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.24 | 6.17 % | |
| R2 | 35.40 | 3.72 % | ||
| R1 | 34.88 | 2.21 % | ||
| Current price: | 34.13 | |||
| Support | S1 | 33.21 | -2.70 % | |
| S2 | 32.69 | -4.21 % | ||
| S3 | 31.86 | -6.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.43 | 6.74 % | |
| R2 | 35.93 | 5.27 % | ||
| R1 | 35.12 | 2.90 % | ||
| Current price | 34.13 | |||
| Support | S1 | 31.29 | -8.32% | |
| S2 | 30.66 | -10.17% | ||
| S3 | 29.21 | -14.42% |
COMPUSOFT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 13, 2023 | Sep 13, 2023 | Oct 20, 2023 | ₹0.400 | 1.80% |
| 2 | Aug 12, 2022 | Aug 12, 2022 | Sep 23, 2022 | ₹0.400 | 1.72% |
| 3 | Sep 21, 2017 | Sep 21, 2017 | Oct 27, 2017 | ₹0.100 | 0.756% |
| 4 | Sep 02, 2016 | Sep 02, 2016 | Sep 02, 2016 | ₹0.100 | 0.94% |
| 5 | Sep 18, 2015 | Sep 18, 2015 | Sep 18, 2015 | ₹0.100 | 1.23% |
FAQ
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