Fine-Line Circuits Limited Stock Forecast
Stronger technical forecast for Fine-Line Circuits Limited stock price after Friday trading.
(Updated on Jun 28, 2024)
The Fine-Line Circuits Limited stock price gained 3.18% on the last trading day (Friday, 28th Jun 2024), rising from ₹85.00 to ₹87.70. During the last trading day the stock fluctuated 6.33% from a day low at ₹83.00 to a day high of ₹88.25. The price has risen in 8 of the last 10 days and is up by 20.35% over the past 2 weeks. Volume fell on the last day by -210 shares and in total, 2 thousand shares were bought and sold for approximately ₹133.48 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 moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Fine-Line Circuits Limited stock with a 90% probability to be traded between ₹74.03 and ₹100.76 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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FINELINE.BO Signals & Forecast
The Fine-Line Circuits Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹83.03 and ₹87.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 20.35%. Further rise is indicated until a new top pivot has been found. 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. 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.
Support, Risk & Stop-loss for Fine-Line Circuits Limited stock
Fine-Line Circuits Limited finds support from accumulated volume at ₹86.07 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 much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹5.25 between high and low, or 6.33%. For the last week the stock has had daily average volatility of 8.65%.
Our recommended stop-loss: ₹84.60 (-3.54%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 42 days ago.)
Trading Expectations (FINELINE.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Fine-Line Circuits Limited to open at ₹86.32, and during the day (based on 14 day Average True Range), to move between ₹83.36 and ₹92.04, which gives a possible trading interval of +/-₹4.34 (+/-4.95%) up or down from last closing price. If Fine-Line Circuits Limited takes out the full calculated possible swing range there will be an estimated 9.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹89.04 (1.53%) than the support at ₹86.07 (1.86%), 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.
Is Fine-Line Circuits Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Fine-Line Circuits Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.246 Buy Candidate Upgraded
Predicted Opening Price for Fine-Line Circuits Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹86.32 ( 1.58%) | ₹87.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FINELINE.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 91.57 | 4.41% |
| R2 | 89.56 | 2.12% |
| R1 | 88.32 | 0.709% |
| Price | 87.70 | |
| S1 | 84.31 | -3.86% |
| S2 | 83.07 | -5.28% |
| S3 | 81.07 | -7.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 98.57 | 12.39% |
| R2 | 96.46 | 9.99% |
| R1 | 89.04 | 1.53% |
| Price | 87.70 | |
| S1 | 86.07 | -1.86% |
| S2 | 80.70 | -7.98% |
| S3 | 76.51 | -12.76% |
FINELINE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 16, 2007 | Aug 16, 2007 | Aug 16, 2007 | ₹0.500 | 0% |
FAQ
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