Dynamatic Technologies Limited Stock Forecast
Dynamatic Technologies Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 21, 2024)
The Dynamatic Technologies Limited stock price fell by -0.0369% on the last day (Friday, 21st Jun 2024) from ₹7,730.40 to ₹7,727.55. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.75% from a day low at ₹7,671.00 to a day high of ₹7,805.50. The price has fallen in 7 of the last 10 days but is still up by 2.96% over the past 2 weeks. 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 -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹21.11 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.81% during the next 3 months and, with a 90% probability hold a price between ₹6,607.96 and ₹8,156.88 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 10.08%. Further rise is indicated until a new top pivot has been found. 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 Dynamatic Technologies Limited 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 ₹7,858.32. On a fall, the stock will find some support from the short-term average at ₹7,710.11. 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. 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 ₹134.50 between high and low, or 1.75%. For the last week, the stock has had daily average volatility of 3.71%.
Our recommended stop-loss: ₹7,416.90 (-4.02%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 52 days ago.)
Trading Expectations (DYNAMATECH.NS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Dynamatic Technologies Limited to open at ₹7,734.68, and during the day (based on 14 day Average True Range), to move between ₹7,344.54 and ₹8,110.56, which gives a possible trading interval of +/-₹383.01 (+/-4.96%) up or down from last closing price. If Dynamatic Technologies Limited takes out the full calculated possible swing range there will be an estimated 9.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹7,790.10 (0.81%) than the support at ₹7,374.25 (4.57%), 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 Dynamatic Technologies Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.163 Buy Candidate Upgraded
Predicted Opening Price for Dynamatic Technologies Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹7,734.68 ( 0.0923%) | ₹7,727.55 |
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 | 7,869.18 | 1.83% |
| R2 | 7,817.80 | 1.17% |
| R1 | 7,786.06 | 0.757% |
| Price | 7,727.55 | |
| S1 | 7,683.30 | -0.573% |
| S2 | 7,651.56 | -0.98% |
| S3 | 7,600.18 | -1.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8,937.70 | 15.66% |
| R2 | 7,998.95 | 3.51% |
| R1 | 7,790.10 | 0.81% |
| Price | 7,727.55 | |
| S1 | 7,374.25 | -4.57% |
| S2 | 7,147.75 | -7.50% |
| S3 | 7,019.70 | -9.16% |
DYNAMATECH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 02, 2024 | Aug 02, 2024 | Oct 01, 2024 | ₹5.00 | 0.0647% |
| 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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