Himatsingka Seide Limited Stock Forecast
Red day on Friday for Himatsingka Seide Limited stock after losing 0.431%
(Updated on May 31, 2024)
The Himatsingka Seide Limited stock price fell by -0.431% on the last day (Friday, 31st May 2024) from ₹127.50 to ₹126.95. During the last trading day the stock fluctuated 2.67% from a day low at ₹125.60 to a day high of ₹128.95. The price has been going up and down for this period, and there has been a -3.83% 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 -2 thousand shares and in total, 19 thousand shares were bought and sold for approximately ₹2.47 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Himatsingka Seide Limited stock with a 90% probability to be traded between ₹122.38 and ₹148.78 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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HIMATSEIDE.BO Signals & Forecast
There are few to no technical positive signals at the moment. The Himatsingka Seide 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 ₹129.80 and ₹135.43. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -12.60%. 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). 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 Himatsingka Seide Limited stock
Himatsingka Seide Limited finds support from accumulated volume at ₹122.80 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 ₹3.35 between high and low, or 2.67%. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: ₹119.05 (-6.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 35 days ago.)
Trading Expectations (HIMATSEIDE.BO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Himatsingka Seide Limited to open at ₹127.17, and during the day (based on 14 day Average True Range), to move between ₹122.69 and ₹131.21, which gives a possible trading interval of +/-₹4.26 (+/-3.36%) up or down from last closing price. If Himatsingka Seide Limited takes out the full calculated possible swing range there will be an estimated 6.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹128.75 (1.42%) than the support at ₹122.80 (3.27%), 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 Himatsingka Seide Limited stock A Buy?
Himatsingka Seide Limited 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: -0.719 Hold/Accumulate Unchanged
Predicted Opening Price for Himatsingka Seide Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹127.17 ( 0.171%) | ₹126.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HIMATSEIDE.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 130.52 | 2.81 % | |
| R2 | 129.24 | 1.80 % | ||
| R1 | 128.45 | 1.18 % | ||
| Current price: | 126.95 | |||
| Support | S1 | 125.89 | -0.84 % | |
| S2 | 125.10 | -1.46 % | ||
| S3 | 123.82 | -2.47 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 142.95 | 12.60 % | |
| R2 | 138.85 | 9.37 % | ||
| R1 | 128.75 | 1.42 % | ||
| Current price | 126.95 | |||
| Support | S1 | 122.80 | -3.27% | |
| S2 | 121.45 | -4.33% | ||
| S3 | 120.45 | -5.12% |
HIMATSEIDE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 20, 2022 | Sep 20, 2022 | Oct 27, 2022 | ₹0.500 | 0% |
| 2 | Sep 14, 2017 | Sep 14, 2017 | Oct 23, 2017 | ₹2.50 | 0% |
| 3 | Sep 08, 2016 | Sep 08, 2016 | Sep 08, 2016 | ₹1.50 | 0% |
| 4 | Mar 22, 2016 | Mar 22, 2016 | Mar 22, 2016 | ₹1.00 | 0% |
| 5 | Sep 04, 2015 | Sep 04, 2015 | Sep 04, 2015 | ₹2.00 | 0% |
FAQ
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