Fluidomat Limited Stock Forecast
Weaker technical forecast for Fluidomat Limited as stock downgraded to Sell Candidate.
(Updated on Jun 25, 2024)
The Fluidomat Limited stock price fell by -1.74% on the last day (Tuesday, 25th Jun 2024) from ₹627.60 to ₹616.70. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 5.77% from a day low at ₹596.60 to a day high of ₹631.05. The price has fallen in 8 of the last 10 days and is down by -4.26% for this period. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately ₹4.27 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.13% during the next 3 months and, with a 90% probability hold a price between ₹599.06 and ₹781.12 at the end of this 3-month period.
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FLUIDOM.BO Signals & Forecast
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 Fluidomat Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹636.18 and ₹619.92. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -6.26%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A sell signal from a double top formation was found on Friday, June 14, 2024 and based on theory for this formation the price should fall by -38.27% to ₹380.68 within 17 trading days since signal was issued (Wednesday, July 10, 2024).
Support, Risk & Stop-loss for Fluidomat Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹544.90 and ₹510.20. 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, Fluidomat Limited finds support just below today's level at ₹544.90. If this is broken, then the next support from accumulated volume will be at ₹510.20 and ₹468.70.
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 ₹34.45 between high and low, or 5.77%. For the last week, the stock has had daily average volatility of 3.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FLUIDOM.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Fluidomat Limited to open at ₹614.78, and during the day (based on 14 day Average True Range), to move between ₹581.03 and ₹652.37, which gives a possible trading interval of +/-₹35.67 (+/-5.78%) up or down from last closing price. If Fluidomat Limited takes out the full calculated possible swing range there will be an estimated 11.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹627.15 (1.69%) than the support at ₹544.90 (11.64%), 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 Fluidomat Limited stock A Buy?
The Fluidomat Limited stock holds several negative signals and despite the positive trend, we believe Fluidomat Limited will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -4.948 Sell Candidate Downgraded
Predicted Opening Price for Fluidomat Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹614.78 ( 0.311%) | ₹616.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLUIDOM.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 649.23 | 5.28% |
| R2 | 636.07 | 3.14% |
| R1 | 627.94 | 1.82% |
| Price | 616.70 | |
| S1 | 601.62 | -2.44% |
| S2 | 593.49 | -3.76% |
| S3 | 580.33 | -5.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 644.15 | 4.45% |
| R2 | 640.15 | 3.80% |
| R1 | 627.15 | 1.69% |
| Price | 616.70 | |
| S1 | 544.90 | -11.64% |
| S2 | 510.20 | -17.27% |
| S3 | 468.70 | -24.00% |
FLUIDOM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2023 | Sep 18, 2023 | Oct 26, 2023 | ₹4.50 | 0% |
| 2 | Sep 19, 2022 | Sep 19, 2022 | Oct 26, 2022 | ₹3.50 | 0% |
| 3 | Sep 16, 2021 | Sep 16, 2021 | Oct 25, 2021 | ₹3.25 | 0% |
| 4 | Feb 27, 2020 | Feb 27, 2020 | Mar 06, 2020 | ₹2.25 | 0% |
| 5 | Sep 18, 2019 | Sep 18, 2019 | Oct 26, 2019 | ₹2.00 | 0% |
FAQ
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