DMR Hydroengineering & Infrast Stock Forecast
DMR Hydroengineering & Infrast stock price ended at ₹165.80 on Tuesday, after gaining 1.72%.
(Updated on Jun 25, 2024)
The DMR Hydroengineering & Infrast stock price gained 1.72% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹163.00 to ₹165.80. During the last trading day the stock fluctuated 3.95% from a day low at ₹159.50 to a day high of ₹165.80. The price has risen in 6 of the last 10 days and is up by 6.69% 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, 3 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately ₹1.49 million.
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 ₹158.15 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 33.98% during the next 3 months and, with a 90% probability hold a price between ₹211.89 and ₹277.95 at the end of this 3-month period.
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DMR.BO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). DMR Hydroengineering & Infrast 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. The DMR Hydroengineering & Infrast 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 ₹171.39 and ₹168.29. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -12.28%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for DMR Hydroengineering & Infrast stock
DMR Hydroengineering & Infrast finds support from accumulated volume at ₹163.40 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹6.30 between high and low, or 3.95%. For the last week, the stock has had daily average volatility of 5.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DMR.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect DMR Hydroengineering & Infrast to open at ₹163.70, and during the day (based on 14 day Average True Range), to move between ₹157.03 and ₹174.57, which gives a possible trading interval of +/-₹8.77 (+/-5.29%) up or down from last closing price. If DMR Hydroengineering & Infrast takes out the full calculated possible swing range there will be an estimated 10.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹165.90 (0.06%) than the support at ₹163.40 (1.45%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is DMR Hydroengineering & Infrast stock A Buy?
The DMR Hydroengineering & Infrast stock holds several negative signals and despite the positive trend, we believe DMR Hydroengineering & Infrast will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.859 Sell Candidate Unchanged
Predicted Opening Price for DMR Hydroengineering & Infrast of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹163.70 ( 1.27%) | ₹165.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DMR.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 170.00 | 2.53% |
| R2 | 167.59 | 1.08% |
| R1 | 166.11 | 0.185% |
| Price | 165.80 | |
| S1 | 161.29 | -2.72% |
| S2 | 159.81 | -3.61% |
| S3 | 157.40 | -5.07% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 184.25 | 11.13% |
| R2 | 171.55 | 3.47% |
| R1 | 165.90 | 0.0603% |
| Price | 165.80 | |
| S1 | 163.40 | -1.45% |
| S2 | 158.00 | -4.70% |
| S3 | 127.00 | -23.40% |
DMR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 01, 2023 | Sep 01, 2023 | Oct 08, 2023 | ₹0.110 | 0% |
| 2 | Sep 20, 2022 | Sep 20, 2022 | Oct 27, 2022 | ₹0.100 | 0% |
FAQ
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