Hybrid Financial Services Limited Stock Forecast
Red day on Tuesday for Hybrid Financial Services Limited
(Updated on Jun 25, 2024)
The Hybrid Financial Services Limited stock price fell by -1.63% on the last day (Tuesday, 25th Jun 2024) from ₹11.67 to ₹11.48. During the last trading day the stock fluctuated 7.08% from a day low at ₹11.30 to a day high of ₹12.10. The price has fallen in 5 of the last 10 days but is still up by 1.06% over the past 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 23 thousand shares were bought and sold for approximately ₹267.14 thousand.
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 -9.07% during the next 3 months and, with a 90% probability hold a price between ₹9.15 and ₹11.02 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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HYBRIDFIN.NS Signals & Forecast
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. The Hybrid Financial Services 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 ₹11.93 and ₹12.00. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -7.49%. Further fall is indicated until a new bottom pivot has been found. Hybrid Financial Services Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Hybrid Financial Services Limited stock
Hybrid Financial Services Limited finds support from accumulated volume at ₹11.36 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 ₹0.800 between high and low, or 7.08%. For the last week, the stock has had daily average volatility of 6.74%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HYBRIDFIN.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Hybrid Financial Services Limited to open at ₹11.63, and during the day (based on 14 day Average True Range), to move between ₹10.66 and ₹12.30, which gives a possible trading interval of +/-₹0.82 (+/-7.18%) up or down from last closing price. If Hybrid Financial Services Limited takes out the full calculated possible swing range there will be an estimated 14.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹11.36 (1.05%) than the resistance at ₹11.67 (1.66%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hybrid Financial Services Limited stock A Buy?
Hybrid Financial Services 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: -2.016 Sell Candidate Unchanged
Predicted Opening Price for Hybrid Financial Services Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹11.63 ( 1.28%) | ₹11.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HYBRIDFIN.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.43 | 8.25% |
| R2 | 12.12 | 5.58% |
| R1 | 11.93 | 3.94% |
| Price | 11.48 | |
| S1 | 11.32 | -1.38% |
| S2 | 11.13 | -3.03% |
| S3 | 10.83 | -5.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.25 | 15.42% |
| R2 | 11.80 | 2.79% |
| R1 | 11.67 | 1.66% |
| Price | 11.48 | |
| S1 | 11.36 | -1.05% |
| S2 | 10.80 | -5.92% |
| S3 | 10.75 | -6.36% |
FAQ
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