Inter Globe Finance Limited Stock Forecast
Inter Globe Finance Limited stock price up 1.41% on Friday
(Updated on Jun 14, 2024)
The Inter Globe Finance Limited stock price gained 1.41% on the last trading day (Friday, 14th Jun 2024), rising from ₹86.78 to ₹88.00. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.580% from a day low at ₹88.00 to a day high of ₹88.51. The price has been going up and down for this period, and there has been a -0.98% loss for the last 2 weeks. Volume fell on the last day by -584 shares and in total, 205 shares were bought and sold for approximately ₹18.04 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 strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 54.53% during the next 3 months and, with a 90% probability hold a price between ₹115.91 and ₹152.54 at the end of this 3-month period.
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INTRGLB.BO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, June 03, 2024, and so far it has fallen -5.69%. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. The Inter Globe Finance Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹84.81 and ₹74.03. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Inter Globe Finance Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹70.36 and ₹69.43. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Inter Globe Finance Limited finds support just below today's level at ₹70.36. If this is broken, then the next support from accumulated volume will be at ₹69.43 and ₹67.01.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹0.510 between high and low, or 0.580%. For the last week the stock has had daily average volatility of 1.72%.
Our recommended stop-loss: ₹84.88 (-3.54%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (INTRGLB.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Inter Globe Finance Limited to open at ₹88.17, and during the day (based on 14 day Average True Range), to move between ₹85.09 and ₹90.91, which gives a possible trading interval of +/-₹2.91 (+/-3.31%) up or down from last closing price. If Inter Globe Finance Limited takes out the full calculated possible swing range there will be an estimated 6.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹88.65 (0.74%) than the support at ₹70.36 (20.05%), 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 Inter Globe Finance Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Inter Globe Finance Limited stock to perform well in the short-term.
Current score: 3.156 Buy Candidate Unchanged
Predicted Opening Price for Inter Globe Finance Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹88.17 ( 0.193%) | ₹88.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INTRGLB.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 88.68 | 0.773% |
| R2 | 88.49 | 0.551% |
| R1 | 88.36 | 0.415% |
| Price | 88.00 | |
| S1 | 87.98 | -0.0282% |
| S2 | 87.85 | -0.165% |
| S3 | 87.66 | -0.386% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 93.31 | 6.03% |
| R2 | 88.87 | 0.99% |
| R1 | 88.65 | 0.739% |
| Price | 88.00 | |
| S1 | 70.36 | -20.05% |
| S2 | 69.43 | -21.10% |
| S3 | 67.01 | -23.85% |
INTRGLB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2017 | Sep 18, 2017 | Oct 10, 2017 | ₹0.500 | 1.51% |
| 2 | Sep 21, 2016 | Sep 21, 2016 | Sep 21, 2016 | ₹0.250 | 1.67% |
| 3 | Sep 22, 2015 | Sep 22, 2015 | Sep 22, 2015 | ₹0.250 | 2.08% |
| 4 | Sep 23, 2014 | Sep 23, 2014 | Sep 23, 2014 | ₹0.250 | 1.61% |
| 5 | Sep 20, 2013 | Sep 20, 2013 | Sep 20, 2013 | ₹0.250 | 3.73% |
FAQ
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