Dishman Carbogen Amcis Limited Stock Forecast
Big movements in Dishman Carbogen Amcis Limited stock price on Friday moving 16.20% between high and low
(Updated on May 31, 2024)
The Dishman Carbogen Amcis Limited stock price fell by -14.34% on the last day (Friday, 31st May 2024) from ₹187.60 to ₹160.70. During the last trading day the stock fluctuated 16.20% from a day low at ₹158.00 to a day high of ₹183.60. The price has fallen in 5 of the last 10 days and is down by -16.93% for this period. Volume has increased on the last day by 4 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 million shares were bought and sold for approximately ₹785.17 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹150.57 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.32% during the next 3 months and, with a 90% probability hold a price between ₹119.97 and ₹168.82 at the end of this 3-month period.
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DCAL.NS Signals & Forecast
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 Dishman Carbogen Amcis 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 ₹187.04 and ₹210.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -35.18%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Dishman Carbogen Amcis Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 ₹25.60 between high and low, or 16.20%. For the last week, the stock has had daily average volatility of 6.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DCAL.NS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Dishman Carbogen Amcis Limited to open at ₹167.43, and during the day (based on 14 day Average True Range), to move between ₹150.74 and ₹170.66, which gives a possible trading interval of +/-₹9.96 (+/-6.20%) up or down from last closing price. If Dishman Carbogen Amcis Limited takes out the full calculated possible swing range there will be an estimated 12.40% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₹194.50, some ₹33.80 (21.03%) from the current price of ₹160.70, our system finds the risk reward not very attractive.
Is Dishman Carbogen Amcis Limited stock A Buy?
Dishman Carbogen Amcis Limited holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -7.927 Strong Sell Candidate Downgraded
Predicted Opening Price for Dishman Carbogen Amcis Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹167.43 ( 4.19%) | ₹160.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DCAL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 193.03 | 20.12 % | |
| R2 | 183.25 | 14.03 % | ||
| R1 | 177.21 | 10.28 % | ||
| Current price: | 160.70 | |||
| Support | S1 | 157.65 | -1.90 % | |
| S2 | 151.61 | -5.65 % | ||
| S3 | 141.83 | -11.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 199.20 | 23.96 % | |
| R2 | 197.95 | 23.18 % | ||
| R1 | 194.50 | 21.03 % | ||
| Current price | 160.70 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DCAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2019 | Sep 12, 2019 | Sep 27, 2019 | ₹0.200 | 0.118% |
| 2 | Feb 17, 2017 | Feb 17, 2017 | Feb 17, 2017 | ₹1.20 | 0.543% |
| 3 | Mar 17, 2016 | Mar 17, 2016 | Mar 17, 2016 | ₹1.00 | 0.578% |
| 4 | Sep 10, 2015 | Sep 10, 2015 | Sep 10, 2015 | ₹1.00 | 0.82% |
| 5 | Aug 21, 2014 | Aug 21, 2014 | Aug 21, 2014 | ₹0.600 | 0.82% |
FAQ
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