Futuristic Solutions Limited Stock Forecast
Weaker technical forecast for Futuristic Solutions Limited as stock downgraded to Sell Candidate.
(Updated on Jun 10, 2024)
The Futuristic Solutions Limited stock price gained 2.55% on the last trading day (Monday, 10th Jun 2024), rising from ₹96.10 to ₹98.55. During the last trading day the stock fluctuated 8.03% from a day low at ₹91.55 to a day high of ₹98.90. The price has been going up and down for this period, and there has been a -3.83% loss 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, 2 thousand more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately ₹202.91 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 -15.09% during the next 3 months and, with a 90% probability hold a price between ₹64.03 and ₹98.46 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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FUTSOL.BO Signals & Forecast
Futuristic Solutions 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. The Futuristic Solutions 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 ₹103.71 and ₹99.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -18.99%. 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).
Support, Risk & Stop-loss for Futuristic Solutions Limited stock
Futuristic Solutions Limited finds support from accumulated volume at ₹98.15 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹7.35 between high and low, or 8.03%. For the last week, the stock has had daily average volatility of 1.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FUTSOL.BO) For The Upcoming Trading Day Of Tuesday 11th
For the upcoming trading day on Tuesday, 11th we expect Futuristic Solutions Limited to open at ₹96.33, and during the day (based on 14 day Average True Range), to move between ₹93.63 and ₹103.47, which gives a possible trading interval of +/-₹4.92 (+/-4.99%) up or down from last closing price. If Futuristic Solutions Limited takes out the full calculated possible swing range there will be an estimated 9.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹98.15 (0.41%) than the resistance at ₹107.96 (9.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Futuristic Solutions Limited stock A Buy?
Futuristic Solutions 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: -2.783 Sell Candidate Downgraded
Predicted Opening Price for Futuristic Solutions Limited of Tuesday, June 11, 2024
| Fair opening price June 11, 2024 | Current price |
|---|---|
| ₹96.33 ( 2.25%) | ₹98.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FUTSOL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 103.68 | 5.21% |
| R2 | 100.88 | 2.36% |
| R1 | 99.14 | 0.600% |
| Price | 98.55 | |
| S1 | 93.53 | -5.10% |
| S2 | 91.79 | -6.86% |
| S3 | 88.98 | -9.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 118.75 | 20.50% |
| R2 | 115.80 | 17.50% |
| R1 | 107.96 | 9.55% |
| Price | 98.55 | |
| S1 | 98.15 | -0.406% |
| S2 | 89.36 | -9.33% |
| S3 | 87.00 | -11.72% |
FUTSOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2023 | Jun 19, 2023 | Jul 26, 2023 | ₹1.00 | 1.58% |
| 2 | May 16, 2017 | May 16, 2017 | Jun 23, 2017 | ₹0.500 | 1.00% |
| 3 | May 23, 2016 | May 23, 2016 | May 23, 2016 | ₹0.500 | 0.90% |
| 4 | Jul 24, 2015 | Jul 24, 2015 | Jul 24, 2015 | ₹0.500 | 0.97% |
| 5 | Sep 23, 2013 | Sep 23, 2013 | Sep 23, 2013 | ₹0.500 | 1.25% |
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