Galaxy Surfactants Limited Stock Forecast
Galaxy Surfactants Limited stock price down 0.89% on Friday
(Updated on May 24, 2024)
The Galaxy Surfactants Limited stock price fell by -0.89% on the last day (Friday, 24th May 2024) from ₹2,515.30 to ₹2,492.80. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.28% from a day low at ₹2,482.30 to a day high of ₹2,539.00. The price has fallen in 6 of the last 10 days but is still up by 0.67% over the past 2 weeks. Volume has increased on the last day by 1 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, 19 thousand shares were bought and sold for approximately ₹47.26 million.
The stock lies in the middle of a wide and weak 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 7.62% during the next 3 months and, with a 90% probability hold a price between ₹2,584.38 and ₹2,925.93 at the end of this 3-month period.
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GALAXYSURF.NS 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 Galaxy Surfactants 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 ₹2,551.91 and ₹2,560.26. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -4.62%. 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 Monday, May 20, 2024 and based on theory for this formation the price should fall by -4.92% to ₹2,370.19 within 18 trading days since signal was issued (Monday, May 27, 2024).
Support, Risk & Stop-loss for Galaxy Surfactants Limited stock
Galaxy Surfactants Limited finds support from accumulated volume at ₹2,476.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹56.70 between high and low, or 2.28%. For the last week the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GALAXYSURF.NS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Galaxy Surfactants Limited to open at ₹2,504.70, and during the day (based on 14 day Average True Range), to move between ₹2,426.21 and ₹2,559.39, which gives a possible trading interval of +/-₹66.59 (+/-2.67%) up or down from last closing price. If Galaxy Surfactants Limited takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹2,507.15 (0.58%) than the support at ₹2,476.10 (0.67%), 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 Galaxy Surfactants Limited stock A Buy?
The Galaxy Surfactants Limited stock holds several negative signals and despite the positive trend, we believe Galaxy Surfactants Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -5.363 Strong Sell Candidate Unchanged
Predicted Opening Price for Galaxy Surfactants Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| ₹2,504.70 ( 0.477%) | ₹2,492.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GALAXYSURF.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,561.40 | 2.75 % | |
| R2 | 2,539.74 | 1.88 % | ||
| R1 | 2,526.36 | 1.35 % | ||
| Current price: | 2,492.80 | |||
| Support | S1 | 2,483.04 | -0.392 % | |
| S2 | 2,469.66 | -0.93 % | ||
| S3 | 2,448.00 | -1.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,608.85 | 4.66 % | |
| R2 | 2,534.95 | 1.69 % | ||
| R1 | 2,507.15 | 0.576 % | ||
| Current price | 2,492.80 | |||
| Support | S1 | 2,476.10 | -0.670% | |
| S2 | 2,288.40 | -8.20% | ||
| S3 | 2,282.25 | -8.45% |
GALAXYSURF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 28, 2023 | Jul 28, 2023 | Jul 28, 2023 | ₹4.00 | 0.150% |
| 2 | Feb 20, 2023 | Feb 20, 2023 | Feb 20, 2023 | ₹18.00 | 0.754% |
| 3 | Jul 21, 2022 | Jul 21, 2022 | Jul 21, 2022 | ₹18.00 | 0.590% |
| 4 | Aug 31, 2021 | Aug 31, 2021 | Aug 31, 2021 | ₹4.00 | 0.127% |
| 5 | Feb 15, 2021 | Feb 15, 2021 | Feb 15, 2021 | ₹14.00 | 0.639% |
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