Captain Polyplast Limited Stock Forecast
Evaluation of Captain Polyplast Limited stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Captain Polyplast Limited stock price gained 1.99% on the last trading day (Friday, 17th May 2024), rising from ₹54.74 to ₹55.83. It has now gained 3 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 ₹55.83 to a day high of ₹55.83. The price has fallen in 7 of the last 10 days and is down by -7.84% for this period. Volume fell on the last day by -3 thousand shares and in total, 19 thousand shares were bought and sold for approximately ₹1.04 million. 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹53.14 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.97% during the next 3 months and, with a 90% probability hold a price between ₹61.62 and ₹82.47 at the end of this 3-month period.
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CPL.BO Signals & Forecast
There are mixed signals in the stock today. The Captain Polyplast Limited 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 ₹58.28. On a fall, the stock will find some support from the short-term average at ₹54.46. 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 also not. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 6.10%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Captain Polyplast Limited stock
Captain Polyplast Limited finds support from accumulated volume at ₹53.84 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 0.399%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CPL.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Captain Polyplast Limited to open at ₹55.83, and during the day (based on 14 day Average True Range), to move between ₹54.13 and ₹57.53, which gives a possible trading interval of +/-₹1.70 (+/-3.04%) up or down from last closing price. If Captain Polyplast Limited takes out the full calculated possible swing range there will be an estimated 6.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹53.84 (3.56%) than the resistance at ₹59.35 (6.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Captain Polyplast Limited stock A Buy?
Captain Polyplast 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: -1.942 Sell Candidate Downgraded
Predicted Opening Price for Captain Polyplast Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹55.83 ( 0.00000000%) | ₹55.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CPL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.83 | 0.00000000 % | |
| R2 | 55.83 | 0.00000000 % | ||
| R1 | 55.83 | 0.00000000 % | ||
| Current price: | 55.83 | |||
| Support | S1 | 55.83 | 0.00000000 % | |
| S2 | 55.83 | 0.00000000 % | ||
| S3 | 55.83 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.39 | 11.75 % | |
| R2 | 59.45 | 6.48 % | ||
| R1 | 59.35 | 6.30 % | ||
| Current price | 55.83 | |||
| Support | S1 | 53.84 | -3.56% | |
| S2 | 51.32 | -8.08% | ||
| S3 | 50.50 | -9.55% |
CPL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2021 | Sep 21, 2021 | Oct 30, 2021 | ₹0.0400 | 0.160% |
| 2 | Sep 30, 2020 | Sep 30, 2020 | Nov 08, 2020 | ₹0.0400 | 0.129% |
| 3 | Sep 05, 2019 | Sep 05, 2019 | Oct 16, 2019 | ₹0.0400 | 0.158% |
| 4 | Aug 14, 2018 | Aug 14, 2018 | Sep 24, 2018 | ₹0.0400 | 0.138% |
| 5 | Sep 13, 2017 | Sep 13, 2017 | Oct 21, 2017 | ₹0.0400 | 0.123% |
FAQ
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