GMM Pfaudler Ltd. Stock Forecast
GMM Pfaudler Ltd. stock price up 0.271% on Friday
(Updated on May 17, 2024)
The GMM Pfaudler Ltd. stock price gained 0.271% on the last trading day (Friday, 17th May 2024), rising from ₹1,400.90 to ₹1,404.70. It has now gained 5 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 1.67% from a day low at ₹1,385.30 to a day high of ₹1,408.45. The price has been going up and down for this period, and there has been a 0.16% gain for the last 2 weeks. Volume fell on the last day by -26 thousand shares and in total, 49 thousand shares were bought and sold for approximately ₹68.52 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 8.26% during the next 3 months and, with a 90% probability hold a price between ₹1,382.87 and ₹1,598.50 at the end of this 3-month period.
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GMMPFAUDLR.NS Signals & Forecast
The GMM Pfaudler Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹1,364.79 and ₹1,382.16. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 -2.77%. 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 GMM Pfaudler Ltd. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹1,233.65 and ₹1,230.35. 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, GMM Pfaudler Ltd. finds support just below today's level at ₹1,233.65. If this is broken, then the next support from accumulated volume will be at ₹1,230.35 and ₹1,214.30.
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 ₹23.15 between high and low, or 1.67%. For the last week, the stock has had daily average volatility of 2.72%.
Our recommended stop-loss: ₹1,350.96 (-3.83%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (GMMPFAUDLR.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect GMM Pfaudler Ltd. to open at ₹1,399.48, and during the day (based on 14 day Average True Range), to move between ₹1,369.20 and ₹1,440.20, which gives a possible trading interval of +/-₹35.50 (+/-2.53%) up or down from last closing price. If GMM Pfaudler Ltd. takes out the full calculated possible swing range there will be an estimated 5.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,407.10 (0.17%) than the support at ₹1,233.65 (12.18%), 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.
Earnings coming up
GMM Pfaudler Ltd. will release earnings BMO on Wednesday, May 22, 2024. We will update the financials statements for GMM Pfaudler Ltd., that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.51% in the first trading day after earnings release.
Is GMM Pfaudler Ltd. stock A Buy?
GMM Pfaudler Ltd. 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: -0.179 Hold/Accumulate Unchanged
Predicted Opening Price for GMM Pfaudler Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹1,399.48 ( 0.371%) | ₹1,404.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GMMPFAUDLR.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,422.63 | 1.28 % | |
| R2 | 1,413.79 | 0.647 % | ||
| R1 | 1,408.33 | 0.258 % | ||
| Current price: | 1,404.70 | |||
| Support | S1 | 1,390.64 | -1.00 % | |
| S2 | 1,385.18 | -1.39 % | ||
| S3 | 1,376.33 | -2.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,422.75 | 1.28 % | |
| R2 | 1,412.35 | 0.545 % | ||
| R1 | 1,407.10 | 0.171 % | ||
| Current price | 1,404.70 | |||
| Support | S1 | 1,233.65 | -12.18% | |
| S2 | 1,230.35 | -12.41% | ||
| S3 | 1,214.30 | -13.55% |
GMMPFAUDLR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 20, 2023 | Nov 20, 2023 | Nov 20, 2023 | ₹1.00 | 0.0633% |
| 2 | Aug 29, 2023 | Aug 29, 2023 | Aug 29, 2023 | ₹1.00 | 0.0647% |
| 3 | Nov 11, 2022 | Nov 11, 2022 | Nov 11, 2022 | ₹1.00 | 0.0543% |
| 4 | Sep 09, 2022 | Sep 09, 2022 | Sep 09, 2022 | ₹1.00 | 0.0522% |
| 5 | Feb 10, 2022 | Feb 10, 2022 | Feb 10, 2022 | ₹0.333 | 0.0206% |
FAQ
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