Endurance Technologies Limited Stock Forecast

A very strong day for Endurance Technologies Limited stock price on Friday
(Updated on May 17, 2024)

ENDURANCE.BO Signals & Forecast

Mostly positive signals in the chart today. The Endurance Technologies Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹2,054.89 and ₹1,923.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 7.27%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, November 28, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Endurance Technologies Limited stock

Endurance Technologies Limited finds support from accumulated volume at ₹2,096.40 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 ₹155.90 between high and low, or 7.21%. For the last week, the stock has had daily average volatility of 4.32%.

Our recommended stop-loss: ₹2,088.75 (-3.68%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (ENDURANCE.BO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Endurance Technologies Limited to open at ₹2,215.92, and during the day (based on 14 day Average True Range), to move between ₹2,084.40 and ₹2,252.70, which gives a possible trading interval of +/-₹84.15 (+/-3.88%) up or down from last closing price. If Endurance Technologies Limited takes out the full calculated possible swing range there will be an estimated 7.76% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹2,096.40, some ₹72.15 (3.33%) from the current price of ₹2,168.55, our system finds the risk reward attractive.

Is Endurance Technologies Limited stock A Buy?

Endurance Technologies Limited holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 8.281 Strong Buy Candidate Upgraded

Predicted Opening Price for Endurance Technologies Limited of Tuesday, May 21, 2024

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