Excel Industries Limited Stock Forecast
Big movements in Excel Industries Limited stock price on Friday moving 11.37% between high and low
(Updated on May 31, 2024)
The Excel Industries Limited stock price gained 6.74% on the last trading day (Friday, 31st May 2024), rising from ₹990.80 to ₹1,057.55. During the last trading day the stock fluctuated 11.37% from a day low at ₹1,004.70 to a day high of ₹1,118.95. The price has fallen in 6 of the last 10 days but is still up by 3.71% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 15 thousand shares were bought and sold for approximately ₹15.90 million.
The stock lies in the middle of a 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 45.00% during the next 3 months and, with a 90% probability hold a price between ₹1,398.38 and ₹1,671.82 at the end of this 3-month period.
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EXCELINDUS.BO Signals & Forecast
The Excel Industries 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 ₹1,032.92 and ₹978.92. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Tuesday, May 21, 2024, and so far it has fallen -4.02%. 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 Excel Industries Limited stock
Excel Industries Limited finds support from accumulated volume at ₹1,043.15 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 ₹114.25 between high and low, or 11.37%. For the last week, the stock has had daily average volatility of 6.37%.
Our recommended stop-loss: ₹1,000.14 (-5.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (EXCELINDUS.BO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Excel Industries Limited to open at ₹1,060.40, and during the day (based on 14 day Average True Range), to move between ₹1,001.59 and ₹1,113.51, which gives a possible trading interval of +/-₹55.96 (+/-5.29%) up or down from last closing price. If Excel Industries Limited takes out the full calculated possible swing range there will be an estimated 10.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹1,043.15 (1.36%) than the resistance at ₹1,085.35 (2.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Excel Industries Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Excel Industries Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.153 Buy Candidate Upgraded
Predicted Opening Price for Excel Industries Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹1,060.40 ( 0.269%) | ₹1,057.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EXCELINDUS.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,174.65 | 11.07 % | |
| R2 | 1,131.01 | 6.95 % | ||
| R1 | 1,104.04 | 4.40 % | ||
| Current price: | 1,057.55 | |||
| Support | S1 | 1,016.76 | -3.86 % | |
| S2 | 989.79 | -6.41 % | ||
| S3 | 946.15 | -10.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,101.85 | 4.19 % | |
| R2 | 1,090.35 | 3.10 % | ||
| R1 | 1,085.35 | 2.63 % | ||
| Current price | 1,057.55 | |||
| Support | S1 | 1,043.15 | -1.36% | |
| S2 | 1,006.30 | -4.85% | ||
| S3 | 929.50 | -12.11% |
EXCELINDUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 07, 2023 | Sep 07, 2023 | Oct 14, 2023 | ₹11.25 | 1.28% |
| 2 | Sep 15, 2022 | Sep 15, 2022 | Oct 22, 2022 | ₹22.50 | 1.86% |
| 3 | Jul 26, 2017 | Jul 26, 2017 | Sep 02, 2017 | ₹6.00 | 1.41% |
| 4 | Jul 14, 2016 | Jul 14, 2016 | Jul 14, 2016 | ₹4.50 | 1.53% |
| 5 | Sep 03, 2015 | Sep 03, 2015 | Sep 03, 2015 | ₹4.00 | 1.36% |
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