Galaxy Surfactants Limited Stock Forecast
Red day on Friday for Galaxy Surfactants Limited stock after losing 0.744%
(Updated on May 03, 2024)
The Galaxy Surfactants Limited stock price fell by -0.744% on the last day (Friday, 3rd May 2024) from ₹2,573.05 to ₹2,553.90. During the last trading day the stock fluctuated 2.69% from a day low at ₹2,521.00 to a day high of ₹2,588.80. The price has fallen in 6 of the last 10 days and is down by -1.71% for this period. Volume has increased on the last day by 32 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, 1 thousand shares were bought and sold for approximately ₹2.87 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₹2,608.32 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Galaxy Surfactants Limited stock with a 90% probability to be traded between ₹2,233.64 and ₹2,591.09 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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GALAXYSURF.BO Signals & Forecast
The Galaxy Surfactants Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹2,588.59. On a fall, the stock will find some support from the long-term average at approximately ₹2,465.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, April 24, 2024, and so far it has fallen -2.16%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Galaxy Surfactants Limited stock
Galaxy Surfactants Limited finds support from accumulated volume at ₹2,550.75 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 ₹67.80 between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: ₹2,462.89 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (GALAXYSURF.BO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Galaxy Surfactants Limited to open at ₹2,554.57, and during the day (based on 14 day Average True Range), to move between ₹2,486.23 and ₹2,621.57, which gives a possible trading interval of +/-₹67.67 (+/-2.65%) up or down from last closing price. If Galaxy Surfactants Limited takes out the full calculated possible swing range there will be an estimated 5.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹2,550.75 (0.12%) than the resistance at ₹2,573.85 (0.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Galaxy Surfactants Limited stock A Buy?
Galaxy Surfactants Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.700 Hold/Accumulate Unchanged
Predicted Opening Price for Galaxy Surfactants Limited of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
₹2,554.57 ( 0.0261%) | ₹2,553.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GALAXYSURF.BO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,622.37 | 2.68 % | |
R2 | 2,596.47 | 1.67 % | ||
R1 | 2,580.47 | 1.04 % | ||
Current price: | 2,553.90 | |||
Support | S1 | 2,528.67 | -0.99 % | |
S2 | 2,512.67 | -1.61 % | ||
S3 | 2,486.77 | -2.63 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2,603.20 | 1.93 % | |
R2 | 2,597.85 | 1.72 % | ||
R1 | 2,573.85 | 0.781 % | ||
Current price | 2,553.90 | |||
Support | S1 | 2,550.75 | -0.123% | |
S2 | 2,437.15 | -4.57% | ||
S3 | 2,269.50 | -11.14% |
GALAXYSURF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 28, 2023 | Jul 28, 2023 | Sep 09, 2023 | ₹4.00 | 0.144% |
2 | Feb 20, 2023 | Feb 20, 2023 | Mar 13, 2023 | ₹18.00 | 0.751% |
FAQ
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