Envair Electrodyne Limited Stock Forecast
Envair Electrodyne Limited stock price ended at ₹189.00 on Thursday, after gaining 5.00%.
(Updated on May 16, 2024)
The Envair Electrodyne Limited stock price gained 5.00% on the last trading day (Thursday, 16th May 2024), rising from ₹180.00 to ₹189.00. During the last trading day the stock fluctuated 5.00% from a day low at ₹180.00 to a day high of ₹189.00. The price has fallen in 7 of the last 10 days and is down by -19.86% for this period. Volume fell on the last day by -705 shares and in total, 625 shares were bought and sold for approximately ₹118.13 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a very wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₹173.83 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Envair Electrodyne Limited stock with a 90% probability to be traded between ₹176.74 and ₹266.56 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ENVAIREL.BO Signals & Forecast
There are mixed signals in the stock today. The Envair Electrodyne 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 ₹213.55. On a fall, the stock will find some support from the short-term average at ₹185.97. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 8.87%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Envair Electrodyne Limited stock
Envair Electrodyne Limited finds support from accumulated volume at ₹182.70 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved ₹9.00 between high and low, or 5.00%. For the last week the stock has had daily average volatility of 3.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENVAIREL.BO) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Envair Electrodyne Limited to open at ₹186.00, and during the day (based on 14 day Average True Range), to move between ₹178.69 and ₹199.31, which gives a possible trading interval of +/-₹10.31 (+/-5.46%) up or down from last closing price. If Envair Electrodyne Limited takes out the full calculated possible swing range there will be an estimated 10.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹182.70 (3.33%) than the resistance at ₹206.45 (9.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Envair Electrodyne Limited stock A Buy?
Envair Electrodyne Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.382 Sell Candidate Unchanged
Predicted Opening Price for Envair Electrodyne Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ₹186.00 ( 1.59%) | ₹189.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENVAIREL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 195.00 | 3.17 % | |
| R2 | 191.56 | 1.36 % | ||
| R1 | 189.44 | 0.232 % | ||
| Current price: | 189.00 | |||
| Support | S1 | 182.56 | -3.41 % | |
| S2 | 180.44 | -4.53 % | ||
| S3 | 177.00 | -6.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 223.90 | 18.47 % | |
| R2 | 210.65 | 11.46 % | ||
| R1 | 206.45 | 9.23 % | ||
| Current price | 189.00 | |||
| Support | S1 | 182.70 | -3.33% | |
| S2 | 180.75 | -4.37% | ||
| S3 | 173.60 | -8.15% |
ENVAIREL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 14, 2013 | Aug 14, 2013 | Aug 14, 2013 | ₹0.700 | 3.90% |
| 2 | Sep 13, 2012 | Sep 13, 2012 | Sep 13, 2012 | ₹0.700 | 3.91% |
| 3 | Sep 12, 2011 | Sep 12, 2011 | Sep 12, 2011 | ₹0.700 | 2.77% |
| 4 | Aug 04, 2010 | Aug 04, 2010 | Aug 04, 2010 | ₹0.500 | 2.09% |
| 5 | Aug 27, 2008 | Aug 27, 2008 | Aug 27, 2008 | ₹0.700 | 3.06% |
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