IOL Chemicals and Pharmaceuticals Ltd Stock Forecast
Evaluation of IOL Chemicals and Pharmaceuticals Ltd stock downgraded after the last trading session.
(Updated on Apr 26, 2024)
The IOL Chemicals and Pharmaceuticals Ltd stock price fell by -0.212% on the last day (Friday, 26th Apr 2024) from ₹400.35 to ₹399.50. During the last trading day the stock fluctuated 2.77% from a day low at ₹394.10 to a day high of ₹405.00. The price has been going up and down for this period, and there has been a 2.49% gain for the last 2 weeks. Volume has increased on the last day by 33 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, 175 thousand shares were bought and sold for approximately ₹69.98 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₹383.29, a level that may pose a second chance to hit a runner. According to fan-theory ₹435.61 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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IOLCP.NS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, March 19, 2024, and so far it has fallen -0.98%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The IOL Chemicals and Pharmaceuticals Ltd 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 ₹394.49 and ₹385.44. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for IOL Chemicals and Pharmaceuticals Ltd stock
IOL Chemicals and Pharmaceuticals Ltd finds support from accumulated volume at ₹392.10 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹10.90 between high and low, or 2.77%. For the last week, the stock has had daily average volatility of 3.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IOLCP.NS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect IOL Chemicals and Pharmaceuticals Limited to open at ₹399.53, and during the day (based on 14 day Average True Range), to move between ₹385.91 and ₹413.09, which gives a possible trading interval of +/-₹13.59 (+/-3.40%) up or down from last closing price. If IOL Chemicals and Pharmaceuticals Limited takes out the full calculated possible swing range there will be an estimated 6.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹403.45 (0.99%) than the support at ₹392.10 (1.85%), 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 IOL Chemicals and Pharmaceuticals Limited stock A Buy?
IOL Chemicals and Pharmaceuticals Ltd holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.
Current score: -1.873 Sell Candidate Downgraded
Predicted Opening Price for IOL Chemicals and Pharmaceuticals Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹399.53 ( 0.0083%) | ₹399.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IOLCP.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 410.43 | 2.74 % | |
| R2 | 406.27 | 1.69 % | ||
| R1 | 403.70 | 1.05 % | ||
| Current price: | 399.50 | |||
| Support | S1 | 395.37 | -1.03 % | |
| S2 | 392.80 | -1.68 % | ||
| S3 | 388.63 | -2.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 443.15 | 10.93 % | |
| R2 | 430.05 | 7.65 % | ||
| R1 | 403.45 | 0.99 % | ||
| Current price | 399.50 | |||
| Support | S1 | 392.10 | -1.85% | |
| S2 | 361.45 | -9.52% | ||
| S3 | 360.80 | -9.69% |
IOLCP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 16, 2024 | Feb 16, 2024 | Mar 07, 2024 | ₹5.00 | 1.27% |
| 2 | Feb 17, 2023 | Feb 17, 2023 | Feb 17, 2023 | ₹4.00 | 1.27% |
| 3 | Feb 15, 2022 | Feb 15, 2022 | Feb 15, 2022 | ₹4.00 | 1.03% |
| 4 | Sep 08, 2021 | Sep 08, 2021 | Sep 08, 2021 | ₹2.00 | 0.361% |
| 5 | Nov 17, 2020 | Nov 17, 2020 | Nov 17, 2020 | ₹4.00 | 0.593% |
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