Cosmo Ferrites Limited Stock Forecast
Cosmo Ferrites Limited stock price up 0.87% on Friday
(Updated on May 03, 2024)
The Cosmo Ferrites Limited stock price gained 0.87% on the last trading day (Friday, 3rd May 2024), rising from ₹190.25 to ₹191.90. During the last trading day the stock fluctuated 4.18% from a day low at ₹190.00 to a day high of ₹197.95. The price has risen in 5 of the last 10 days but is still down by -0.75% for this period. Volume fell on the last day by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹548.26 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 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 -13.93% during the next 3 months and, with a 90% probability hold a price between ₹146.02 and ₹180.48 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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COSMOFE.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 5.35%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cosmo Ferrites Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹197.46 and ₹195.49. A break-up above any of these levels will issue buy signals. 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 also not.
Support, Risk & Stop-loss for Cosmo Ferrites Limited stock
Cosmo Ferrites Limited finds support from accumulated volume at ₹190.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved ₹7.95 between high and low, or 4.18%. For the last week the stock has had daily average volatility of 5.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (COSMOFE.BO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Cosmo Ferrites Limited to open at ₹193.28, and during the day (based on 14 day Average True Range), to move between ₹181.42 and ₹202.38, which gives a possible trading interval of +/-₹10.48 (+/-5.46%) up or down from last closing price. If Cosmo Ferrites Limited takes out the full calculated possible swing range there will be an estimated 10.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹190.10 (0.94%) than the resistance at ₹198.00 (3.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cosmo Ferrites Limited stock A Buy?
Cosmo Ferrites Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.142 Sell Candidate Unchanged
Predicted Opening Price for Cosmo Ferrites Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹193.28 ( 0.721%) | ₹191.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for COSMOFE.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 201.23 | 4.86 % | |
| R2 | 198.20 | 3.28 % | ||
| R1 | 196.32 | 2.30 % | ||
| Current price: | 191.90 | |||
| Support | S1 | 190.25 | -0.86 % | |
| S2 | 188.37 | -1.84 % | ||
| S3 | 185.33 | -3.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 235.10 | 22.51 % | |
| R2 | 223.25 | 16.34 % | ||
| R1 | 198.00 | 3.18 % | ||
| Current price | 191.90 | |||
| Support | S1 | 190.10 | -0.94% | |
| S2 | 188.65 | -1.69% | ||
| S3 | 182.15 | -5.08% |
COSMOFE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 21, 2002 | Aug 21, 2002 | Aug 21, 2002 | ₹1.10 | 8.46% |
| 2 | Jul 02, 2001 | Jul 02, 2001 | Jul 02, 2001 | ₹2.00 | 18.87% |
FAQ
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