Igarashi Motors India Limited Stock Forecast
Igarashi Motors India Limited stock price down 2.23% on Monday
(Updated on May 06, 2024)
The Igarashi Motors India Limited stock price fell by -2.23% on the last day (Monday, 6th May 2024) from ₹522.75 to ₹511.10. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 7.40% from a day low at ₹508.20 to a day high of ₹545.80. The price has been going up and down for this period, and there has been a 7.37% gain for the last 2 weeks. Volume has increased on the last day by 470 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, 2 thousand shares were bought and sold for approximately ₹994.60 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Igarashi Motors India Limited stock with a 90% probability to be traded between ₹407.51 and ₹565.72 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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IGARASHI.BO Signals & Forecast
The Igarashi Motors India 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 ₹534.78. On a fall, the stock will find some support from the long-term average at approximately ₹461.98. 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 Monday, April 29, 2024, and so far it has fallen -10.10%. Further fall is indicated until a new bottom pivot has been found. Igarashi Motors India 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". The stock had a Golden Star Signal on Thursday, April 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, April 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Igarashi Motors India Limited stock
Igarashi Motors India Limited finds support from accumulated volume at ₹502.90 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 ₹37.60 between high and low, or 7.40%. For the last week, the stock has had daily average volatility of 5.69%.
Our recommended stop-loss: ₹487.08 (-4.70%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (IGARASHI.BO) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Igarashi Motors India Limited to open at ₹521.70, and during the day (based on 14 day Average True Range), to move between ₹485.49 and ₹536.71, which gives a possible trading interval of +/-₹25.61 (+/-5.01%) up or down from last closing price. If Igarashi Motors India Limited takes out the full calculated possible swing range there will be an estimated 10.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹516.10 (0.98%) than the support at ₹502.90 (1.60%), 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 Igarashi Motors India Limited stock A Buy?
Igarashi Motors India Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.950 Hold/Accumulate Unchanged
Predicted Opening Price for Igarashi Motors India Limited of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
₹521.70 ( 2.07%) | ₹511.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IGARASHI.BO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 559.30 | 9.43 % | |
R2 | 544.94 | 6.62 % | ||
R1 | 536.06 | 4.88 % | ||
Current price: | 511.10 | |||
Support | S1 | 507.34 | -0.736 % | |
S2 | 498.46 | -2.47 % | ||
S3 | 484.10 | -5.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 568.50 | 11.23 % | |
R2 | 525.55 | 2.83 % | ||
R1 | 516.10 | 0.98 % | ||
Current price | 511.10 | |||
Support | S1 | 502.90 | -1.60% | |
S2 | 481.65 | -5.76% | ||
S3 | 476.00 | -6.87% |
IGARASHI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 31, 2023 | Jul 31, 2023 | Sep 08, 2023 | ₹1.00 | 0.153% |
2 | Jul 29, 2021 | Jul 29, 2021 | Sep 08, 2021 | ₹1.50 | 0.296% |
3 | Jul 25, 2017 | Jul 25, 2017 | Sep 01, 2017 | ₹6.61 | 0.664% |
4 | Jul 27, 2016 | Jul 27, 2016 | Jul 27, 2016 | ₹1.50 | 0.224% |
5 | Mar 21, 2016 | Mar 21, 2016 | Mar 21, 2016 | ₹4.00 | 0.790% |
FAQ
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