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AI Analysis of HOVS.NS
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HOV Services Limited stock price up 0.98% on Wednesday
(Updated on Jun 26, 2024)

Buy or Hold candidate since Jun 07, 2024 Gain 2.63% PDF

The HOV Services Limited stock price gained 0.98% on the last trading day (Wednesday, 26th Jun 2024), rising from ₹64.13 to ₹64.76. During the last trading day the stock fluctuated 4.69% from a day low at ₹64.00 to a day high of ₹67.00. The price has risen in 6 of the last 10 days and is up by 4.12% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 9 thousand shares were bought and sold for approximately ₹613.80 thousand. 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 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 -3.95% during the next 3 months and, with a 90% probability hold a price between ₹54.94 and ₹72.42 at the end of this 3-month period.

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HOVS.NS Signals & Forecast

The HOV Services 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 ₹65.05. On a fall, the stock will find some support from the long-term average at approximately ₹63.18. 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. A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 9.76%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for HOV Services Limited stock

HOV Services Limited finds support from accumulated volume at ₹62.95 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹3.00 between high and low, or 4.69%. For the last week the stock has had daily average volatility of 4.38%.

Our recommended stop-loss: ₹62.73 (-3.14%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 56 days ago.)

Trading Expectations (HOVS.NS) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect HOV Services Limited to open at ₹65.25, and during the day (based on 14 day Average True Range), to move between ₹61.75 and ₹67.77, which gives a possible trading interval of +/-₹3.01 (+/-4.64%) up or down from last closing price. If HOV Services Limited takes out the full calculated possible swing range there will be an estimated 9.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹62.95 (2.79%) than the resistance at ₹73.20 (13.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is HOV Services Limited stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.231 Buy Candidate Unchanged

Predicted Opening Price for HOV Services Limited of Thursday, June 27, 2024

Fair opening price June 27, 2024 Current price
₹65.25 ( 0.762%) ₹64.76

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

Trading levels for HOVS.NS

Fibonacci Support & Resistance Levels

Level Price
R3 68.25 5.39%
R2 67.11 3.62%
R1 66.40 2.53%
Price 64.76
S1 64.11 -1.01%
S2 63.40 -2.10%
S3 62.25 -3.87%

Accumulated Volume Support & Resistance Levels

Level Price
R3 78.20 20.75%
R2 74.40 14.89%
R1 73.20 13.03%
Price 64.76
S1 62.95 -2.79%
S2 62.00 -4.26%
S3 57.10 -11.83%

HOVS Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 27, 2011 Jul 27, 2011 Sep 02, 2011 ₹2.00 3.78%
2 Jan 19, 2011 Feb 01, 2011 Feb 01, 2011 ₹2.00 2.14%
3 Oct 20, 2010 Nov 02, 2010 Nov 18, 2010 ₹2.00 1.61%
4 Jul 13, 2010 Aug 18, 2010 Aug 27, 2010 ₹2.00 2.06%
5 May 24, 2010 Jul 13, 2010 Jul 30, 2010 ₹2.00 2.14%

FAQ

What is the symbol for HOV Services Limited Stock and on which exchange is it traded?
The symbol for HOV Services Limited is HOVS.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell HOV Services Limited Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy HOV Services Limited Stock?
HOV Services 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 HOV Services Limited Stock.

What's the current price of HOV Services Limited Stock?
As of the end of day on the Jun 26, 2024, the price of an HOV Services Limited (HOVS.NS) share was ₹64.76.

What is the 52-week high and low for HOV Services Limited Stock?
The 52-week high for HOV Services Limited Stock is ₹97.40 and the 52-week low is ₹44.50.

What is the market capitalization of HOV Services Limited Stock?
As of the Jun 26, 2024, the market capitalization of HOV Services Limited is 807.717M.

When is the next earnings date for HOV Services Limited?
The upcoming earnings date for HOV Services Limited is Aug 12, 2024.
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About HOV Services Limited

HOV Services Limited HOV Services Limited, together with its subsidiaries, provides software and IT enabled services in India and internationally. It offers software development, maintenance, and support services; and data entry and business process outsource services. The company was incorporated in 1989 and is headquartered in Pune, India.... HOVS.NS Profile

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