FDC Limited Stock Forecast
FDC Limited stock price fell more than -5.76% Friday closing at ₹432.50
(Updated on May 31, 2024)
The FDC Limited stock price fell by -5.76% on the last day (Friday, 31st May 2024) from ₹458.95 to ₹432.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.96% from a day low at ₹429.20 to a day high of ₹463.35. The price has fallen in 6 of the last 10 days and is down by -9.53% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -119 thousand shares and in total, 371 thousand shares were bought and sold for approximately ₹160.67 million.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at ₹444.86. A reaction back to this level may hold a second chance to get out before further falls.
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FDC.NS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The FDC 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 ₹461.63 and ₹456.70. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 22, 2024, and so far it has fallen -10.15%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for FDC Limited stock
FDC Limited finds support from accumulated volume at ₹431.20 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 ₹34.15 between high and low, or 7.96%. For the last week, the stock has had daily average volatility of 4.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FDC.NS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect FDC Limited to open at ₹441.68, and during the day (based on 14 day Average True Range), to move between ₹417.93 and ₹447.07, which gives a possible trading interval of +/-₹14.57 (+/-3.37%) up or down from last closing price. If FDC Limited takes out the full calculated possible swing range there will be an estimated 6.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹431.20 (0.30%) than the resistance at ₹458.95 (6.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is FDC Limited stock A Buy?
The FDC Limited stock holds several negative signals and despite the positive trend, we believe FDC Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.445 Sell Candidate Downgraded
Predicted Opening Price for FDC Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹441.68 ( 2.12%) | ₹432.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FDC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 475.83 | 10.02 % | |
| R2 | 462.79 | 7.00 % | ||
| R1 | 454.73 | 5.14 % | ||
| Current price: | 432.50 | |||
| Support | S1 | 428.64 | -0.89 % | |
| S2 | 420.58 | -2.76 % | ||
| S3 | 407.53 | -5.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 472.80 | 9.32 % | |
| R2 | 459.60 | 6.27 % | ||
| R1 | 458.95 | 6.12 % | ||
| Current price | 432.50 | |||
| Support | S1 | 431.20 | -0.301% | |
| S2 | 423.75 | -2.02% | ||
| S3 | 420.70 | -2.73% |
FDC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 09, 2020 | Mar 19, 2020 | Mar 26, 2020 | ₹0.80 | 0.423% |
| 2 | May 26, 2017 | Aug 08, 2017 | Sep 18, 2017 | ₹2.25 | 1.29% |
| 3 | Mar 09, 2016 | Mar 17, 2016 | Mar 23, 2016 | ₹2.25 | 1.25% |
| 4 | May 27, 2015 | Sep 23, 2015 | Oct 30, 2015 | ₹2.25 | 0.94% |
| 5 | May 29, 2014 | Jul 28, 2014 | Aug 31, 2014 | ₹2.25 | 1.41% |
FAQ
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