Future Lifestyle Fashions Limited Stock Forecast
Evaluation of Future Lifestyle Fashions Limited stock downgraded after the last trading session.
(Updated on May 24, 2024)
The Future Lifestyle Fashions Limited stock price fell by -2.50% on the last day (Friday, 24th May 2024) from ₹2.00 to ₹1.95. During the last trading day the stock fluctuated 2.56% from a day low at ₹1.95 to a day high of ₹2.00. The price has fallen in 5 of the last 10 days and is down by -7.14% 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 -61 thousand shares and in total, 62 thousand shares were bought and sold for approximately ₹120.91 thousand.
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 -25.52% during the next 3 months and, with a 90% probability hold a price between ₹1.18 and ₹1.55 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FLFL.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 2.63%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Future Lifestyle Fashions 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 ₹2.01 and ₹2.03. A break-up above any of these levels will issue buy signals. 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 Future Lifestyle Fashions Limited stock
Future Lifestyle Fashions Limited finds support from accumulated volume at ₹1.90 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.0500 between high and low, or 2.56%. For the last week the stock has had daily average volatility of 4.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FLFL.NS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Future Lifestyle Fashions Limited to open at ₹1.97, and during the day (based on 14 day Average True Range), to move between ₹1.83 and ₹2.07, which gives a possible trading interval of +/-₹0.118 (+/-6.04%) up or down from last closing price. If Future Lifestyle Fashions Limited takes out the full calculated possible swing range there will be an estimated 12.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹2.00 (2.56%) than the support at ₹1.90 (2.56%), 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 Future Lifestyle Fashions Limited stock A Buy?
Future Lifestyle Fashions Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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: -2.570 Sell Candidate Downgraded
Predicted Opening Price for Future Lifestyle Fashions Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| ₹1.97 ( 0.85%) | ₹1.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLFL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.02 | 3.42 % | |
| R2 | 2.00 | 2.44 % | ||
| R1 | 1.99 | 1.83 % | ||
| Current price: | 1.95 | |||
| Support | S1 | 1.95 | -0.125 % | |
| S2 | 1.94 | -0.730 % | ||
| S3 | 1.92 | -1.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.10 | 7.69 % | |
| R2 | 2.05 | 5.13 % | ||
| R1 | 2.00 | 2.56 % | ||
| Current price | 1.95 | |||
| Support | S1 | 1.90 | -2.56% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FLFL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2019 | Jul 22, 2019 | Aug 28, 2019 | ₹1.40 | 0.322% |
| 2 | May 18, 2018 | Aug 20, 2018 | Sep 28, 2018 | ₹1.20 | 0.302% |
| 3 | May 15, 2017 | Aug 21, 2017 | Sep 28, 2017 | ₹0.80 | 0.234% |
| 4 | May 26, 2016 | Aug 19, 2016 | Sep 28, 2016 | ₹0.400 | 0.296% |
| 5 | May 20, 2015 | Aug 17, 2015 | Sep 24, 2015 | ₹0.400 | 0.551% |
FAQ
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