Integra Telecommunication & Software Ltd Stock Forecast
Integra Telecommunication & Software Ltd stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The Integra Telecommunication & Software Ltd stock price fell by -3.75% on the last day (Wednesday, 24th Apr 2024) from ₹9.87 to ₹9.50. During the last trading day the stock fluctuated 5.71% from a day low at ₹9.45 to a day high of ₹9.99. The price has been going up and down for this period, and there has been a -5.28% 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 -12 thousand shares and in total, 6 thousand shares were bought and sold for approximately ₹60.28 thousand.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹9.92 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.29% during the next 3 months and, with a 90% probability hold a price between ₹6.62 and ₹8.40 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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INTELSOFT.BO 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 Integra Telecommunication & Software Ltd stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹9.74 and ₹9.64. 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 08, 2024, and so far it has fallen -6.86%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Integra Telecommunication & Software Ltd stock
Integra Telecommunication & Software Ltd finds support from accumulated volume at ₹9.14 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 ₹0.540 between high and low, or 5.71%. For the last week the stock has had daily average volatility of 5.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INTELSOFT.BO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Integra Telecommunication & Software Limited to open at ₹9.65, and during the day (based on 14 day Average True Range), to move between ₹8.92 and ₹10.08, which gives a possible trading interval of +/-₹0.580 (+/-6.11%) up or down from last closing price. If Integra Telecommunication & Software Limited takes out the full calculated possible swing range there will be an estimated 12.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹9.14 (3.79%) than the resistance at ₹10.67 (12.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Integra Telecommunication & Software Limited stock A Buy?
Integra Telecommunication & Software Ltd holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.846 Sell Candidate Downgraded
Predicted Opening Price for Integra Telecommunication & Software Limited of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ₹9.65 ( 1.54%) | ₹9.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INTELSOFT.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.19 | 7.23 % | |
| R2 | 9.98 | 5.06 % | ||
| R1 | 9.85 | 3.72 % | ||
| Current price: | 9.50 | |||
| Support | S1 | 9.44 | -0.628 % | |
| S2 | 9.31 | -1.97 % | ||
| S3 | 9.11 | -4.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.98 | 15.58 % | |
| R2 | 10.93 | 15.05 % | ||
| R1 | 10.67 | 12.32 % | ||
| Current price | 9.50 | |||
| Support | S1 | 9.14 | -3.79% | |
| S2 | 8.90 | -6.32% | ||
| S3 | 8.57 | -9.79% |
FAQ
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