Greenply Industries Limited Stock Forecast
Greenply Industries Limited stock price down 4.74% on Thursday
(Updated on Apr 18, 2024)
The Greenply Industries Limited stock price fell by -4.74% on the last day (Thursday, 18th Apr 2024) from ₹270.00 to ₹257.20. During the last trading day the stock fluctuated 6.29% from a day low at ₹255.10 to a day high of ₹271.15. The price has been going up and down for this period, and there has been a -3.16% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -77 thousand shares and in total, 365 thousand shares were bought and sold for approximately ₹93.92 million.
The stock lies in the middle of a very 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 8.24% during the next 3 months and, with a 90% probability hold a price between ₹251.01 and ₹313.89 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GREENPLY.NS Signals & Forecast
The Greenply Industries 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 ₹266.15. On a fall, the stock will find some support from the long-term average at approximately ₹252.02. 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. 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. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -5.04%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Greenply Industries Limited stock
Greenply Industries Limited finds support from accumulated volume at ₹250.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹16.05 between high and low, or 6.29%. For the last week, the stock has had daily average volatility of 5.01%.
Our recommended stop-loss: ₹243.95 (-5.15%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (GREENPLY.NS) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Greenply Industries Limited to open at ₹261.15, and during the day (based on 14 day Average True Range), to move between ₹244.86 and ₹269.54, which gives a possible trading interval of +/-₹12.34 (+/-4.80%) up or down from last closing price. If Greenply Industries Limited takes out the full calculated possible swing range there will be an estimated 9.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹250.75 (2.51%) than the resistance at ₹269.45 (4.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Greenply Industries Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Greenply Industries Limited stock to perform well in the short-term.
Current score: 1.126 Buy Candidate Unchanged
Predicted Opening Price for Greenply Industries Limited of Friday, April 19, 2024
Fair opening price April 19, 2024 | Current price |
---|---|
₹261.15 ( 1.54%) | ₹257.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GREENPLY.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 277.20 | 7.78 % | |
R2 | 271.07 | 5.39 % | ||
R1 | 267.28 | 3.92 % | ||
Current price: | 257.20 | |||
Support | S1 | 255.02 | -0.85 % | |
S2 | 251.23 | -2.32 % | ||
S3 | 245.10 | -4.70 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 277.50 | 7.89 % | |
R2 | 274.70 | 6.80 % | ||
R1 | 269.45 | 4.76 % | ||
Current price | 257.20 | |||
Support | S1 | 250.75 | -2.51% | |
S2 | 244.60 | -4.90% | ||
S3 | 228.80 | -11.04% |
GREENPLY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 18, 2022 | Aug 18, 2022 | Aug 18, 2022 | ₹0.500 | 0.275% |
2 | Aug 12, 2021 | Aug 12, 2021 | Aug 12, 2021 | ₹0.400 | 0.221% |
3 | Aug 27, 2020 | Aug 27, 2020 | Aug 27, 2020 | ₹0.400 | 0.416% |
4 | Aug 14, 2019 | Aug 29, 2019 | Oct 30, 2019 | ₹0.400 | 0.256% |
5 | May 29, 2018 | Jul 11, 2018 | Sep 27, 2018 | ₹0.600 | 0.367% |
FAQ
Click here for our free guide on how to buy Greenply Industries Limited Stock.