GOCL Corp Ltd Stock Forecast
GOCL Corp Ltd stock price ended at ₹409.00 on Friday, after losing 0.438%.
(Updated on May 17, 2024)
The GOCL Corp Ltd stock price fell by -0.438% on the last day (Friday, 17th May 2024) from ₹410.80 to ₹409.00. During the last trading day the stock fluctuated 2.90% from a day low at ₹407.10 to a day high of ₹418.90. The price has fallen in 6 of the last 10 days and is down by -1.3% for this period. Volume has increased on the last day by 69 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, 108 thousand shares were bought and sold for approximately ₹44.03 million.
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 -11.09% during the next 3 months and, with a 90% probability hold a price between ₹306.92 and ₹411.58 at the end of this 3-month period.
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GOCLCORP.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 2.62%. Further rise is indicated until a new top pivot has been found. 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 GOCL Corp Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹435.19. On a fall, the stock will find some support from the short-term average at ₹406.85. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 GOCL Corp Ltd stock
GOCL Corp Ltd finds support from accumulated volume at ₹405.70 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 ₹11.80 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GOCLCORP.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect GOCL Corp Ltd to open at ₹411.67, and during the day (based on 14 day Average True Range), to move between ₹393.01 and ₹424.99, which gives a possible trading interval of +/-₹15.99 (+/-3.91%) up or down from last closing price. If GOCL Corp Ltd takes out the full calculated possible swing range there will be an estimated 7.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹405.70 (0.81%) than the resistance at ₹454.60 (11.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
GOCL Corp Ltd will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for GOCL Corp Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.85% in the first trading day after earnings release.
Is GOCL Corp Ltd stock A Buy?
GOCL Corp Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.956 Sell Candidate Unchanged
Predicted Opening Price for GOCL Corp Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹411.67 ( 0.652%) | ₹409.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GOCLCORP.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 423.47 | 3.54 % | |
| R2 | 418.96 | 2.43 % | ||
| R1 | 416.17 | 1.75 % | ||
| Current price: | 409.00 | |||
| Support | S1 | 407.16 | -0.450 % | |
| S2 | 404.37 | -1.13 % | ||
| S3 | 399.87 | -2.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 496.70 | 21.44 % | |
| R2 | 472.05 | 15.42 % | ||
| R1 | 454.60 | 11.15 % | ||
| Current price | 409.00 | |||
| Support | S1 | 405.70 | -0.81% | |
| S2 | 391.80 | -4.21% | ||
| S3 | 378.85 | -7.37% |
GOCLCORP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2022 | Jul 18, 2022 | Jul 18, 2022 | ₹3.00 | 1.07% |
| 2 | Sep 23, 2021 | Sep 23, 2021 | Sep 23, 2021 | ₹2.00 | 0.711% |
| 3 | Aug 20, 2021 | Aug 20, 2021 | Aug 20, 2021 | ₹2.00 | 0.766% |
| 4 | Nov 25, 2020 | Nov 25, 2020 | Nov 25, 2020 | ₹4.00 | 1.95% |
| 5 | Sep 10, 2020 | Sep 10, 2020 | Sep 10, 2020 | ₹2.00 | 1.04% |
FAQ
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