Emkay Global Financial Services Limited Stock Forecast
Emkay Global Financial Services Limited stock price ended at ₹164.05 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Emkay Global Financial Services Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 2.31% from a day low at ₹162.00 to a day high of ₹165.75. The price has fallen in 7 of the last 10 days and is down by -14.29% for this period.
The stock lies in the middle of a very wide and strong 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 21.73% during the next 3 months and, with a 90% probability hold a price between ₹189.45 and ₹240.38 at the end of this 3-month period.
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EMKAY.BO Signals & Forecast
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. The Emkay Global Financial Services 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 ₹168.94 and ₹165.12. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -14.29%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Emkay Global Financial Services Limited stock
Emkay Global Financial Services Limited finds support from accumulated volume at ₹163.85 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 ₹3.75 between high and low, or 2.31%. For the last week, the stock has had daily average volatility of 3.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EMKAY.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Emkay Global Financial Services Limited to open at ₹163.93, and during the day (based on 14 day Average True Range), to move between ₹154.23 and ₹173.87, which gives a possible trading interval of +/-₹9.82 (+/-5.99%) up or down from last closing price. If Emkay Global Financial Services Limited takes out the full calculated possible swing range there will be an estimated 11.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹163.85 (0.12%) than the resistance at ₹178.30 (8.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Emkay Global Financial Services Limited stock A Buy?
The Emkay Global Financial Services Limited stock holds several negative signals and despite the positive trend, we believe Emkay Global Financial Services Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.558 Sell Candidate Unchanged
Predicted Opening Price for Emkay Global Financial Services Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹163.93 ( 0.0711%) | ₹164.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EMKAY.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 167.68 | 2.21% |
| R2 | 166.25 | 1.34% |
| R1 | 165.37 | 0.80% |
| Price | 164.05 | |
| S1 | 162.50 | -0.94% |
| S2 | 161.62 | -1.48% |
| S3 | 160.18 | -2.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 187.45 | 14.26% |
| R2 | 187.00 | 13.99% |
| R1 | 178.30 | 8.69% |
| Price | 164.05 | |
| S1 | 163.85 | -0.122% |
| S2 | 154.05 | -6.10% |
| S3 | 152.95 | -6.77% |
EMKAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 03, 2023 | Aug 03, 2023 | Sep 09, 2023 | ₹1.00 | 1.13% |
| 2 | Jul 29, 2022 | Jul 29, 2022 | Sep 07, 2022 | ₹1.25 | 1.44% |
| 3 | Jul 28, 2017 | Jul 28, 2017 | Sep 10, 2017 | ₹1.00 | 0.379% |
| 4 | Mar 22, 2016 | Mar 22, 2016 | Mar 22, 2016 | ₹1.00 | 1.81% |
| 5 | Jul 24, 2012 | Jul 24, 2012 | Jul 24, 2012 | ₹0.500 | 1.85% |
FAQ
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