Flexituff Ventures International Limited Stock Forecast

Red day on Thursday for Flexituff Ventures International Limited
(Updated on May 23, 2024)

FLEXITUFF.NS Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 2.02%. 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. The Flexituff Ventures International Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹36.51. On a fall, the stock will find some support from the short-term average at ₹32.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Flexituff Ventures International Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Flexituff Ventures International Limited stock

Flexituff Ventures International Limited finds support from accumulated volume at ₹32.50 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 ₹1.70 between high and low, or 5.36%. For the last week, the stock has had daily average volatility of 3.61%.

Flexituff Ventures International Limited is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

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

Trading Expectations (FLEXITUFF.NS) For The Upcoming Trading Day Of Friday 24th

For the upcoming trading day on Friday, 24th we expect Flexituff Ventures International Limited to open at ₹32.65, and during the day (based on 14 day Average True Range), to move between ₹31.08 and ₹34.62, which gives a possible trading interval of +/-₹1.77 (+/-5.38%) up or down from last closing price. If Flexituff Ventures International Limited takes out the full calculated possible swing range there will be an estimated 10.76% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹32.50 (1.07%) than the resistance at ₹37.00 (12.63%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Flexituff Ventures International Limited stock A Buy?

Flexituff Ventures International Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -4.407 Sell Candidate Unchanged

Predicted Opening Price for Flexituff Ventures International Limited of Friday, May 24, 2024

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