Centenial Surgical Suture Limited Stock Forecast
Centenial Surgical Suture Limited stock price up 4.97% on Friday
(Updated on Jun 14, 2024)
The Centenial Surgical Suture Limited stock price gained 4.97% on the last trading day (Friday, 14th Jun 2024), rising from ₹113.65 to ₹119.30. 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 0.252% from a day low at ₹119.00 to a day high of ₹119.30. The price has risen in 6 of the last 10 days and is up by 11.55% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately ₹168.21 thousand.
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 19.39% during the next 3 months and, with a 90% probability hold a price between ₹124.11 and ₹193.17 at the end of this 3-month period.
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CSURGSU.BO Signals & Forecast
The Centenial Surgical Suture Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹109.49 and ₹110.59. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Centenial Surgical Suture Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Thursday, May 09, 2024, and so far it has fallen -20.72%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Centenial Surgical Suture Limited stock
Centenial Surgical Suture Limited finds support from accumulated volume at ₹115.43 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 ₹0.300 between high and low, or 0.252%. For the last week, the stock has had daily average volatility of 5.22%.
Our recommended stop-loss: ₹112.55 (-5.66%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 39 days ago.)
Trading Expectations (CSURGSU.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Centenial Surgical Suture Limited to open at ₹119.20, and during the day (based on 14 day Average True Range), to move between ₹112.53 and ₹126.07, which gives a possible trading interval of +/-₹6.77 (+/-5.68%) up or down from last closing price. If Centenial Surgical Suture Limited takes out the full calculated possible swing range there will be an estimated 11.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹115.43 (3.24%) than the resistance at ₹127.03 (6.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Centenial Surgical Suture Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Centenial Surgical Suture Limited stock to perform well in the short-term.
Current score: 3.867 Buy Candidate Unchanged
Predicted Opening Price for Centenial Surgical Suture Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹119.20 ( 0.0838%) | ₹119.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CSURGSU.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 119.50 | 0.168% |
| R2 | 119.39 | 0.0716% |
| R1 | 119.31 | 0.0122% |
| Price | 119.30 | |
| S1 | 119.09 | -0.180% |
| S2 | 119.01 | -0.239% |
| S3 | 118.90 | -0.335% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 137.60 | 15.34% |
| R2 | 135.43 | 13.52% |
| R1 | 127.03 | 6.48% |
| Price | 119.30 | |
| S1 | 115.43 | -3.24% |
| S2 | 114.67 | -3.88% |
| S3 | 104.45 | -12.45% |
FAQ
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