Creative Eye Limited Stock Forecast
Green day on Friday for Creative Eye Limited
(Updated on May 31, 2024)
The Creative Eye Limited stock price gained 4.91% on the last trading day (Friday, 31st May 2024), rising from ₹6.93 to ₹7.27. It has now gained 5 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 ₹7.27 to a day high of ₹7.27. The price has risen in 7 of the last 10 days and is up by 19.57% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹23.01 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.
Given the current short-term trend, the stock is expected to rise 55.35% during the next 3 months and, with a 90% probability hold a price between ₹9.36 and ₹11.29 at the end of this 3-month period.
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CREATIVEYE.BO Signals & Forecast
The Creative Eye 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 ₹6.50 and ₹5.56. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 21, 2024, and so far it has risen 82.21%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Creative Eye Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹6.20 and ₹6.12. 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, Creative Eye Limited finds support just below today's level at ₹6.20. If this is broken, then the next support from accumulated volume will be at ₹6.12 and ₹6.05.
This stock has average movements during the day, but be aware of low or falling volume as this increases the 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 3.27%.
Our recommended stop-loss: ₹7.05 (-3.06%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 84 days ago.)
Trading Expectations (CREATIVEYE.BO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Creative Eye Limited to open at ₹7.27, and during the day (based on 14 day Average True Range), to move between ₹6.92 and ₹7.62, which gives a possible trading interval of +/-₹0.354 (+/-4.87%) up or down from last closing price. If Creative Eye Limited takes out the full calculated possible swing range there will be an estimated 9.73% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹6.20, some ₹1.07 (14.72%) from the current price of ₹7.27, our system finds the risk reward attractive.
Is Creative Eye Limited stock A Buy?
Creative Eye Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.344 Strong Buy Candidate Unchanged
Predicted Opening Price for Creative Eye Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹7.27 ( 0%) | ₹7.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CREATIVEYE.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.27 | . | |
| R2 | 7.27 | . | ||
| R1 | 7.27 | . | ||
| Current price: | 7.27 | |||
| Support | S1 | 7.27 | . | |
| S2 | 7.27 | . | ||
| S3 | 7.27 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 7.27 | |||
| Support | S1 | 6.20 | -14.72% | |
| S2 | 6.12 | -15.82% | ||
| S3 | 6.05 | -16.78% |
CREATIVEYE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 20, 2003 | Aug 20, 2003 | Aug 20, 2003 | ₹0.500 | 3.50% |
| 2 | Sep 05, 2002 | Sep 05, 2002 | Sep 05, 2002 | ₹0.250 | 1.20% |
FAQ
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