Gujarat Pipavav Port Limited Stock Forecast
Gujarat Pipavav Port Limited stock price up 0.199% on Friday
(Updated on Jun 14, 2024)
The Gujarat Pipavav Port Limited stock price gained 0.199% on the last trading day (Friday, 14th Jun 2024), rising from ₹200.70 to ₹201.10. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 3.25% from a day low at ₹198.20 to a day high of ₹204.65. The price has risen in 8 of the last 10 days and is up by 3.55% over the past 2 weeks. Volume fell on the last day by -81 thousand shares and in total, 89 thousand shares were bought and sold for approximately ₹17.91 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 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 -6.95% during the next 3 months and, with a 90% probability hold a price between ₹164.25 and ₹195.98 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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GPPL.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 9.68%. 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). 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. The Gujarat Pipavav Port Limited 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 ₹201.93. On a fall, the stock will find some support from the short-term average at ₹195.78. 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.
Support, Risk & Stop-loss for Gujarat Pipavav Port Limited stock
Gujarat Pipavav Port Limited finds support from accumulated volume at ₹195.40 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 ₹6.45 between high and low, or 3.25%. For the last week, the stock has had daily average volatility of 3.74%.
Since the Gujarat Pipavav Port Limited has been rising for 7 days in a row, the risk over the next couple of days has increased.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GPPL.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Gujarat Pipavav Port Limited to open at ₹201.32, and during the day (based on 14 day Average True Range), to move between ₹191.77 and ₹210.43, which gives a possible trading interval of +/-₹9.33 (+/-4.64%) up or down from last closing price. If Gujarat Pipavav Port Limited takes out the full calculated possible swing range there will be an estimated 9.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹205.90 (2.39%) than the support at ₹195.40 (2.83%), 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 Gujarat Pipavav Port Limited stock A Buy?
Gujarat Pipavav Port Limited 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: -1.676 Sell Candidate Unchanged
Predicted Opening Price for Gujarat Pipavav Port Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹201.32 ( 0.108%) | ₹201.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GPPL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 207.77 | 3.32% |
| R2 | 205.30 | 2.09% |
| R1 | 203.78 | 1.33% |
| Price | 201.10 | |
| S1 | 198.85 | -1.12% |
| S2 | 197.33 | -1.87% |
| S3 | 194.87 | -3.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 217.40 | 8.11% |
| R2 | 216.15 | 7.48% |
| R1 | 205.90 | 2.39% |
| Price | 201.10 | |
| S1 | 195.40 | -2.83% |
| S2 | 192.90 | -4.08% |
| S3 | 192.50 | -4.28% |
GPPL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 14, 2024 | Aug 14, 2024 | Sep 21, 2024 | ₹3.70 | 1.84% |
| 2 | Nov 21, 2023 | Nov 21, 2023 | Nov 21, 2023 | ₹3.60 | 2.58% |
| 3 | Jul 26, 2023 | Jul 26, 2023 | Sep 03, 2023 | ₹3.40 | 2.61% |
| 4 | Nov 18, 2022 | Nov 18, 2022 | Dec 01, 2022 | ₹2.70 | 2.94% |
| 5 | Nov 13, 2017 | Nov 13, 2017 | Dec 02, 2017 | ₹1.70 | 1.21% |
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