Epigral Limited Stock Forecast
Epigral Limited stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Epigral Limited stock price gained 0.88% on the last trading day (Friday, 28th Jun 2024), rising from ₹1,313.95 to ₹1,325.45. During the last trading day the stock fluctuated 1.98% from a day low at ₹1,320.95 to a day high of ₹1,347.05. The price has fallen in 7 of the last 10 days and is down by -3.9% for this period. Volume fell on the last day by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₹2.88 million. 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 moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Epigral Limited stock with a 90% probability to be traded between ₹1,141.59 and ₹1,399.39 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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EPIGRAL.BO Signals & Forecast
The Epigral Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹1,354.98. On a fall, the stock will find some support from the long-term average at approximately ₹1,291.85. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -5.89%. Further fall is indicated until a new bottom pivot has been found.
A sell signal from a double top formation was found on Thursday, June 20, 2024 and based on theory for this formation the price should fall by -15.00% to ₹1,126.69 within 41 trading days since signal was issued (Wednesday, August 21, 2024).
Support, Risk & Stop-loss for Epigral Limited stock
Epigral Limited finds support from accumulated volume at ₹1,323.05 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 ₹26.10 between high and low, or 1.98%. For the last week, the stock has had daily average volatility of 3.65%.
Our recommended stop-loss: ₹1,273.84 (-3.89%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (EPIGRAL.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Epigral Limited to open at ₹1,331.15, and during the day (based on 14 day Average True Range), to move between ₹1,269.85 and ₹1,381.05, which gives a possible trading interval of +/-₹55.60 (+/-4.20%) up or down from last closing price. If Epigral Limited takes out the full calculated possible swing range there will be an estimated 8.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹1,323.05 (0.18%) than the resistance at ₹1,377.60 (3.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Epigral Limited stock A Buy?
Epigral Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.235 Hold/Accumulate Downgraded
Predicted Opening Price for Epigral Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹1,331.15 ( 0.430%) | ₹1,325.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPIGRAL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,357.25 | 2.40% |
| R2 | 1,347.28 | 1.65% |
| R1 | 1,341.12 | 1.18% |
| Price | 1,325.45 | |
| S1 | 1,321.18 | -0.322% |
| S2 | 1,315.02 | -0.787% |
| S3 | 1,305.05 | -1.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,408.45 | 6.26% |
| R2 | 1,403.35 | 5.88% |
| R1 | 1,377.60 | 3.93% |
| Price | 1,325.45 | |
| S1 | 1,323.05 | -0.181% |
| S2 | 1,296.50 | -2.18% |
| S3 | 1,223.80 | -7.67% |
EPIGRAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 02, 2024 | Jul 02, 2024 | Aug 08, 2024 | ₹5.00 | 0.377% |
| 2 | Jun 20, 2023 | Jun 20, 2023 | Jul 27, 2023 | ₹2.50 | 0.272% |
| 3 | Feb 01, 2023 | Feb 01, 2023 | Feb 18, 2023 | ₹2.50 | 0.233% |
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