RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of HCG.NS
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Green day on Thursday for HealthCare Global Enterprises Limited stock after gaining 0.163%
(Updated on Mar 28, 2024)

Sell candidate since Mar 27, 2024 Gain 0.16% PDF

The HealthCare Global Enterprises Limited stock price gained 0.163% on the last trading day (Thursday, 28th Mar 2024), rising from ₹337.30 to ₹337.85. During the last trading day the stock fluctuated 2.09% from a day low at ₹333.00 to a day high of ₹339.95. The price has risen in 7 of the last 10 days and is up by 7.19% over the past 2 weeks. Volume fell on the last day by -266 thousand shares and in total, 142 thousand shares were bought and sold for approximately ₹47.86 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 -7.00% during the next 3 months and, with a 90% probability hold a price between ₹288.90 and ₹350.04 at the end of this 3-month period.

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HCG.NS Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 7.19%. 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 HealthCare Global Enterprises 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 ₹339.62 and ₹354.12. A break-up above any of these levels will issue buy signals.

Support, Risk & Stop-loss for HealthCare Global Enterprises Limited stock

HealthCare Global Enterprises Limited finds support from accumulated volume at ₹337.30 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 ₹6.95 between high and low, or 2.09%. For the last week, the stock has had daily average volatility of 3.47%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HCG.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect HealthCare Global Enterprises Limited to open at ₹336.93, and during the day (based on 14 day Average True Range), to move between ₹324.23 and ₹351.47, which gives a possible trading interval of +/-₹13.62 (+/-4.03%) up or down from last closing price. If HealthCare Global Enterprises Limited takes out the full calculated possible swing range there will be an estimated 8.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹338.10 (0.07%) than the support at ₹337.30 (0.16%), 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 HealthCare Global Enterprises Limited stock A Buy?

HealthCare Global Enterprises Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.597 Sell Candidate Unchanged

Predicted Opening Price for HealthCare Global Enterprises Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹336.93 ( 0.271%) ₹337.85

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for HCG.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 343.88 1.79 %
R2 341.23 1.00 %
R1 339.59 0.514 %
Current price: 337.85
Support S1 334.28 -1.06 %
S2 332.64 -1.54 %
S3 329.98 -2.33 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 385.70 14.16 %
R2 361.65 7.04 %
R1 338.10 0.0740 %
Current price 337.85
Support S1 337.30 -0.163%
S2 329.85 -2.37%
S3 315.20 -6.70%

FAQ

What is the symbol for HealthCare Global Enterprises Limited Stock and on which exchange is it traded?
The symbol for HealthCare Global Enterprises Limited is HCG.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell HealthCare Global Enterprises Limited Stock?
HealthCare Global Enterprises Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy HealthCare Global Enterprises Limited Stock?
HealthCare Global Enterprises Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy HealthCare Global Enterprises Limited Stock.

What's the current price of HealthCare Global Enterprises Limited Stock?
As of the end of day on the 2024-03-28, the price of an HealthCare Global Enterprises Limited (HCG.NS) share was ₹337.85.

What is the 52-week high and low for HealthCare Global Enterprises Limited Stock?
The 52-week high for HealthCare Global Enterprises Limited Stock is ₹401.00 and the 52-week low is ₹257.60.

What is the market capitalization of HealthCare Global Enterprises Limited Stock?
As of the 2024-03-28, the market capitalization of HealthCare Global Enterprises Limited is 47.059B.

When is the next earnings date for HealthCare Global Enterprises Limited?
The upcoming earnings date for HealthCare Global Enterprises Limited is May 23, 2024.
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About HealthCare Global Enterprises Limited

HealthCare Global Enterprises Limited, together with its subsidiaries, provides healthcare services focusing on cancer. The company offers cancer diagnosis and treatment services through radiation therapy, medical oncology, and surgery; and fertility treatment services, as well as reproductive medicine services, including assisted reproduction, gynecological endoscopy, and fertility preservation under the Milann brand. It also operates four multi... HCG.NS Profile

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