DMR Hydroengineering & Infrast Stock Forecast

DMR Hydroengineering & Infrast stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)

DMR.BO Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 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 ₹167.55. On a fall, the stock will find some support from the short-term average at ₹164.30. 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. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -12.70%. 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 ₹3.90 between high and low, or 2.41%. For the last week, the stock has had daily average volatility of 2.55%.

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 Monday 1st

For the upcoming trading day on Monday, 1st we expect DMR Hydroengineering & Infrast to open at ₹164.30, and during the day (based on 14 day Average True Range), to move between ₹156.88 and ₹173.12, which gives a possible trading interval of +/-₹8.12 (+/-4.92%) up or down from last closing price. If DMR Hydroengineering & Infrast takes out the full calculated possible swing range there will be an estimated 9.84% 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 (0.55%) than the support at ₹163.40 (0.97%), 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?

DMR Hydroengineering & Infrast 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: -1.628 Sell Candidate Downgraded

Predicted Opening Price for DMR Hydroengineering & Infrast of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.