Dynemic Products Limited Stock Forecast
Dynemic Products Limited stock price ended at ₹280.50 on Friday, after losing 1.75%.
(Updated on May 03, 2024)
The Dynemic Products Limited stock price fell by -1.75% on the last day (Friday, 3rd May 2024) from ₹285.50 to ₹280.50. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.08% from a day low at ₹277.95 to a day high of ₹286.50. The price has been going up and down for this period, and there has been a 0.54% gain for the last 2 weeks. Volume has increased on the last day by 3 thousand 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, 6 thousand shares were bought and sold for approximately ₹1.55 million.
The stock lies in the middle of a 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 5.15% during the next 3 months and, with a 90% probability hold a price between ₹279.50 and ₹346.61 at the end of this 3-month period.
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DYNPRO.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 0.538%. 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 Dynemic Products Limited 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 ₹293.44 and ₹288.70. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Dynemic Products Limited stock
Dynemic Products Limited finds support from accumulated volume at ₹269.90 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 ₹8.55 between high and low, or 3.08%. For the last week, the stock has had daily average volatility of 3.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DYNPRO.BO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Dynemic Products Limited to open at ₹281.65, and during the day (based on 14 day Average True Range), to move between ₹267.85 and ₹293.15, which gives a possible trading interval of +/-₹12.65 (+/-4.51%) up or down from last closing price. If Dynemic Products Limited takes out the full calculated possible swing range there will be an estimated 9.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹283.00 (0.89%) than the support at ₹269.90 (3.78%), 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 Dynemic Products Limited stock A Buy?
The Dynemic Products Limited stock holds several negative signals and despite the positive trend, we believe Dynemic Products Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.782 Sell Candidate Unchanged
Predicted Opening Price for Dynemic Products Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹281.65 ( 0.410%) | ₹280.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DYNPRO.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 290.20 | 3.46 % | |
| R2 | 286.93 | 2.29 % | ||
| R1 | 284.92 | 1.57 % | ||
| Current price: | 280.50 | |||
| Support | S1 | 278.38 | -0.754 % | |
| S2 | 276.37 | -1.47 % | ||
| S3 | 273.10 | -2.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 300.90 | 7.27 % | |
| R2 | 300.90 | 7.27 % | ||
| R1 | 283.00 | 0.89 % | ||
| Current price | 280.50 | |||
| Support | S1 | 269.90 | -3.78% | |
| S2 | 267.35 | -4.69% | ||
| S3 | 261.10 | -6.92% |
DYNPRO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 26, 2020 | Feb 26, 2020 | Oct 26, 2019 | ₹1.49 | 0% |
| 2 | Sep 12, 2017 | Sep 12, 2017 | Oct 20, 2017 | ₹1.49 | 0% |
| 3 | Mar 22, 2016 | Mar 22, 2016 | Mar 22, 2016 | ₹1.50 | 0% |
| 4 | Aug 28, 2014 | Aug 28, 2014 | Aug 28, 2014 | ₹1.50 | 0% |
| 5 | Sep 10, 2013 | Sep 10, 2013 | Sep 10, 2013 | ₹1.30 | 0% |
FAQ
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