Control Print Limited Stock Forecast
Control Print Limited stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)
The Control Print Limited stock price fell by -0.305% on the last day (Friday, 14th Jun 2024) from ₹836.35 to ₹833.80. During the last trading day the stock fluctuated 2.05% from a day low at ₹828.00 to a day high of ₹845.00. The price has been going up and down for this period, and there has been a -2.46% loss for the last 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 -9 thousand shares and in total, 23 thousand shares were bought and sold for approximately ₹19.08 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.44% during the next 3 months and, with a 90% probability hold a price between ₹697.84 and ₹789.63 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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CONTROLPR.NS Signals & Forecast
There are mixed signals in the stock today. The Control Print Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹840.22 and ₹873.61. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, May 23, 2024, and so far it has risen 1.97%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Control Print Limited stock
Control Print Limited finds support from accumulated volume at ₹829.00 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 ₹17.00 between high and low, or 2.05%. For the last week, the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: ₹793.63 (-4.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (CONTROLPR.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Control Print Limited to open at ₹835.60, and during the day (based on 14 day Average True Range), to move between ₹800.44 and ₹867.16, which gives a possible trading interval of +/-₹33.36 (+/-4.00%) up or down from last closing price. If Control Print Limited takes out the full calculated possible swing range there will be an estimated 8.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹829.00 (0.58%) than the resistance at ₹851.10 (2.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Control Print Limited stock A Buy?
Control Print Limited 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: -0.741 Hold/Accumulate Upgraded
Predicted Opening Price for Control Print Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹835.60 ( 0.216%) | ₹833.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CONTROLPR.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 852.60 | 2.25% |
| R2 | 846.11 | 1.48% |
| R1 | 842.09 | 0.99% |
| Price | 833.80 | |
| S1 | 829.11 | -0.563% |
| S2 | 825.09 | -1.04% |
| S3 | 818.60 | -1.82% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 976.55 | 17.12% |
| R2 | 852.05 | 2.19% |
| R1 | 851.10 | 2.07% |
| Price | 833.80 | |
| S1 | 829.00 | -0.576% |
| S2 | 819.60 | -1.70% |
| S3 | 817.70 | -1.93% |
CONTROLPR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 02, 2024 | Feb 02, 2024 | Feb 21, 2024 | ₹4.00 | 0.429% |
| 2 | Jul 14, 2023 | Jul 14, 2023 | Jul 14, 2023 | ₹5.00 | 0.759% |
| 3 | Feb 03, 2023 | Feb 03, 2023 | Feb 03, 2023 | ₹4.00 | 0.92% |
| 4 | Jul 11, 2022 | Jul 11, 2022 | Jul 11, 2022 | ₹5.00 | 1.11% |
| 5 | Feb 07, 2022 | Feb 07, 2022 | Feb 07, 2022 | ₹4.00 | 1.07% |
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