Fiem Industries Limited Stock Forecast
Fiem Industries Limited stock price up 1.73% on Friday
(Updated on May 17, 2024)
The Fiem Industries Limited stock price gained 1.73% on the last trading day (Friday, 17th May 2024), rising from ₹1,177.90 to ₹1,198.25. During the last trading day the stock fluctuated 2.05% from a day low at ₹1,177.90 to a day high of ₹1,202.00. The price has risen in 6 of the last 10 days and is up by 0.12% 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, 10 thousand more shares were traded than the day before. In total, 36 thousand shares were bought and sold for approximately ₹43.19 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -28.67% during the next 3 months and, with a 90% probability hold a price between ₹365.22 and ₹1,305.87 at the end of this 3-month period.
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FIEMIND.NS Signals & Forecast
The Fiem 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 ₹1,162.27 and ₹1,157.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 19.51%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Fiem Industries Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹1,132.75 and ₹1,016.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Fiem Industries Limited finds support just below today's level at ₹1,132.75. If this is broken, then the next support from accumulated volume will be at ₹1,016.00 and ₹1,014.70.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹24.10 (2.05%) between high and low. For the last week, the stock has had daily average volatility of 2.81%.
Our recommended stop-loss: ₹1,150.80 (-3.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (FIEMIND.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Fiem Industries Limited to open at ₹1,192.72, and during the day (based on 14 day Average True Range), to move between ₹1,157.69 and ₹1,238.81, which gives a possible trading interval of +/-₹40.56 (+/-3.38%) up or down from last closing price. If Fiem Industries Limited takes out the full calculated possible swing range there will be an estimated 6.77% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,201.95 (0.31%) than the support at ₹1,132.75 (5.47%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Fiem Industries Limited will release earnings BMO on Tuesday, May 21, 2024.The consensus among the analysts for the expected earnings (EPS) is $15.75. We will update the financials statements for Fiem Industries Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.47% in the first trading day after earnings release.
Is Fiem Industries Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.505 Buy Candidate Unchanged
Predicted Opening Price for Fiem Industries Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹1,192.72 ( 0.462%) | ₹1,198.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FIEMIND.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,216.82 | 1.55 % | |
| R2 | 1,207.61 | 0.781 % | ||
| R1 | 1,201.92 | 0.307 % | ||
| Current price: | 1,198.25 | |||
| Support | S1 | 1,183.51 | -1.23 % | |
| S2 | 1,177.82 | -1.70 % | ||
| S3 | 1,168.62 | -2.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,209.00 | 0.90 % | |
| R2 | 1,204.20 | 0.497 % | ||
| R1 | 1,201.95 | 0.309 % | ||
| Current price | 1,198.25 | |||
| Support | S1 | 1,132.75 | -5.47% | |
| S2 | 1,016.00 | -15.21% | ||
| S3 | 1,014.70 | -15.32% |
FIEMIND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 21, 2023 | Jul 21, 2023 | Jul 21, 2023 | ₹30.00 | 3.12% |
| 2 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | ₹30.00 | 3.08% |
| 3 | Aug 17, 2022 | Aug 17, 2022 | Aug 17, 2022 | ₹20.00 | 2.58% |
| 4 | Aug 12, 2022 | Aug 12, 2022 | Aug 12, 2022 | ₹20.00 | 2.68% |
| 5 | Sep 14, 2021 | Sep 14, 2021 | Sep 14, 2021 | ₹16.00 | 2.72% |
FAQ
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