Compucom Software Limited Stock Forecast
Evaluation of Compucom Software Limited stock downgraded after the last trading session.
(Updated on May 06, 2024)
The Compucom Software Limited stock price fell by -4.18% on the last day (Monday, 6th May 2024) from ₹34.65 to ₹33.20. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.71% from a day low at ₹32.80 to a day high of ₹35.00. The price has fallen in 5 of the last 10 days but is still up by 13.7% 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 -62 thousand shares and in total, 164 thousand shares were bought and sold for approximately ₹5.43 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 14.47% during the next 3 months and, with a 90% probability hold a price between ₹29.25 and ₹41.99 at the end of this 3-month period.
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COMPUSOFT.NS Signals & Forecast
The Compucom Software Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹34.68. On a fall, the stock will find some support from the long-term average at approximately ₹29.41. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 01, 2024, and so far it has fallen -8.92%. 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 Compucom Software Limited stock
Compucom Software Limited finds support from accumulated volume at ₹32.55 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹2.20 between high and low, or 6.71%. For the last week, the stock has had daily average volatility of 7.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COMPUSOFT.NS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Compucom Software Limited to open at ₹33.67, and during the day (based on 14 day Average True Range), to move between ₹30.90 and ₹35.50, which gives a possible trading interval of +/-₹2.30 (+/-6.93%) up or down from last closing price. If Compucom Software Limited takes out the full calculated possible swing range there will be an estimated 13.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹32.55 (1.96%) than the resistance at ₹35.20 (6.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Compucom Software Limited stock A Buy?
Compucom Software 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.086 Sell Candidate Downgraded
Predicted Opening Price for Compucom Software Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₹33.67 ( 1.41%) | ₹33.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COMPUSOFT.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.87 | 8.03 % | |
| R2 | 35.03 | 5.50 % | ||
| R1 | 34.51 | 3.94 % | ||
| Current price: | 33.20 | |||
| Support | S1 | 32.83 | -1.13 % | |
| S2 | 32.31 | -2.69 % | ||
| S3 | 31.47 | -5.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.45 | 9.79 % | |
| R2 | 35.95 | 8.28 % | ||
| R1 | 35.20 | 6.02 % | ||
| Current price | 33.20 | |||
| Support | S1 | 32.55 | -1.96% | |
| S2 | 31.40 | -5.42% | ||
| S3 | 30.70 | -7.53% |
COMPUSOFT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 12, 2022 | Aug 12, 2022 | Aug 12, 2022 | ₹0.400 | 1.72% |
| 2 | Sep 07, 2021 | Sep 07, 2021 | Sep 07, 2021 | ₹0.300 | 2.21% |
| 3 | Sep 15, 2020 | Sep 15, 2020 | Sep 15, 2020 | ₹0.300 | 3.73% |
| 4 | May 18, 2019 | Aug 28, 2019 | Sep 05, 2019 | ₹0.100 | 1.17% |
| 5 | May 29, 2018 | Sep 10, 2018 | Oct 18, 2018 | ₹0.100 | 0.87% |
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