Dynamatic Technologies Limited Stock Forecast
Dynamatic Technologies Limited stock price ended at ₹7,553.65 on Friday, after losing 0.601%.
(Updated on Jun 14, 2024)
The Dynamatic Technologies Limited stock price fell by -0.601% on the last day (Friday, 14th Jun 2024) from ₹7,599.35 to ₹7,553.65. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.65% from a day low at ₹7,489.00 to a day high of ₹7,762.45. The price has fallen in 7 of the last 10 days and is down by -3.04% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -14 thousand shares and in total, 12 thousand shares were bought and sold for approximately ₹90.30 million.
The stock lies in the middle of a very wide and weak 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 2.57% during the next 3 months and, with a 90% probability hold a price between ₹7,226.45 and ₹9,348.53 at the end of this 3-month period.
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DYNAMATECH.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 7.61%. 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. The Dynamatic Technologies 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 ₹7,686.16 and ₹7,897.79. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Dynamatic Technologies Limited stock
Dynamatic Technologies Limited finds support from accumulated volume at ₹7,374.25 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 ₹273.45 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: ₹7,240.93 (-4.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (DYNAMATECH.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Dynamatic Technologies Limited to open at ₹7,601.70, and during the day (based on 14 day Average True Range), to move between ₹7,137.86 and ₹7,969.44, which gives a possible trading interval of +/-₹415.79 (+/-5.50%) up or down from last closing price. If Dynamatic Technologies Limited takes out the full calculated possible swing range there will be an estimated 11.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹7,374.25 (2.38%) than the resistance at ₹7,790.10 (3.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dynamatic Technologies Limited stock A Buy?
Dynamatic Technologies Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.521 Hold/Accumulate Unchanged
Predicted Opening Price for Dynamatic Technologies Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹7,601.70 ( 0.636%) | ₹7,553.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DYNAMATECH.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7,875.15 | 4.26% |
| R2 | 7,770.69 | 2.87% |
| R1 | 7,706.16 | 2.02% |
| Price | 7,553.65 | |
| S1 | 7,497.24 | -0.747% |
| S2 | 7,432.71 | -1.60% |
| S3 | 7,328.25 | -2.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8,937.70 | 18.32% |
| R2 | 7,998.95 | 5.90% |
| R1 | 7,790.10 | 3.13% |
| Price | 7,553.65 | |
| S1 | 7,374.25 | -2.38% |
| S2 | 7,147.75 | -5.37% |
| S3 | 7,019.70 | -7.07% |
DYNAMATECH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 02, 2024 | Aug 02, 2024 | Oct 01, 2024 | ₹5.00 | 0.0662% |
| 2 | Feb 23, 2024 | Feb 23, 2024 | Mar 13, 2024 | ₹5.00 | 0.0789% |
| 3 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | ₹7.00 | 0.205% |
| 4 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | ₹3.00 | 0.146% |
| 5 | Aug 23, 2018 | Aug 23, 2018 | Aug 23, 2018 | ₹2.00 | 0.122% |
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