Future Lifestyle Fashions Limited Stock Forecast
Future Lifestyle Fashions Limited stock upgraded to Strong Buy Candidate.
(Updated on Jul 02, 2024)
The Future Lifestyle Fashions Limited stock price gained 4.35% on the last trading day (Tuesday, 2nd Jul 2024), rising from ₹2.53 to ₹2.64. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.92% from a day low at ₹2.55 to a day high of ₹2.65. The price has been going up and down for this period, and there has been a 1.93% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 102 thousand shares were bought and sold for approximately ₹270.47 thousand.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹2.75 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 17.96% during the next 3 months and, with a 90% probability hold a price between ₹2.44 and ₹3.24 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FLFL.NS Signals & Forecast
The Future Lifestyle Fashions 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 ₹2.41 and ₹2.19. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Future Lifestyle Fashions Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -1.86%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Future Lifestyle Fashions Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹2.10 and ₹2.05. 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, Future Lifestyle Fashions Limited finds support just below today's level at ₹2.10. If this is broken, then the next support from accumulated volume will be at ₹2.05 and ₹2.00.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹0.100 between high and low, or 3.92%. For the last week, the stock has had daily average volatility of 5.15%.
Our recommended stop-loss: ₹2.51 (-4.89%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 53 days ago.)
Trading Expectations (FLFL.NS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Future Lifestyle Fashions Limited to open at ₹2.61, and during the day (based on 14 day Average True Range), to move between ₹2.51 and ₹2.77, which gives a possible trading interval of +/-₹0.135 (+/-5.10%) 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 10.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹2.69 (1.89%) than the support at ₹2.10 (20.45%), 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 positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.145 Strong Buy Candidate Upgraded
Predicted Opening Price for Future Lifestyle Fashions Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ₹2.61 ( 1.01%) | ₹2.64 |
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 | |
|---|---|---|
| R3 | 2.71 | 2.78% |
| R2 | 2.68 | 1.33% |
| R1 | 2.65 | 0.437% |
| Price | 2.64 | |
| S1 | 2.58 | -2.46% |
| S2 | 2.55 | -3.35% |
| S3 | 2.51 | -4.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 2.69 | 1.89% |
| Price | 2.64 | |
| S1 | 2.10 | -20.45% |
| S2 | 2.05 | -22.35% |
| S3 | 2.00 | -24.24% |
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
Click here for our free guide on how to buy Future Lifestyle Fashions Limited Stock.
