Fischer Chemic Limited Stock Forecast

Fischer Chemic Limited stock price down 2.00% on Friday
(Updated on Apr 26, 2024)

FISCHER.BO Signals & Forecast

There are few to no technical positive signals at the moment. The Fischer Chemic Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹563.35 and ₹572.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -23.05%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Fischer Chemic Limited stock

Fischer Chemic Limited finds support from accumulated volume at ₹513.55 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 ₹0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.

Fischer Chemic Limited is oversold on RSI14 (14). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FISCHER.BO) For The Upcoming Trading Day Of Monday 29th

For the upcoming trading day on Monday, 29th we expect Fischer Chemic Limited to open at ₹529.85, and during the day (based on 14 day Average True Range), to move between ₹517.11 and ₹542.59, which gives a possible trading interval of +/-₹12.74 (+/-2.40%) up or down from last closing price. If Fischer Chemic Limited takes out the full calculated possible swing range there will be an estimated 4.81% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹540.65 (2.04%) than the support at ₹513.55 (3.08%), 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 Fischer Chemic Limited stock A Buy?

The Fischer Chemic Limited stock holds several negative signals and despite the positive trend, we believe Fischer Chemic Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.556 Sell Candidate Unchanged

Predicted Opening Price for Fischer Chemic Limited of Monday, April 29, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.