Ion Exchange Stock Forecast
Ion Exchange stock price ended at ₹530.05 on Friday, after gaining 0.81%.
(Updated on May 17, 2024)
The Ion Exchange stock price gained 0.81% on the last trading day (Friday, 17th May 2024), rising from ₹525.80 to ₹530.05. During the last trading day the stock fluctuated 2.09% from a day low at ₹525.10 to a day high of ₹536.10. The price has been going up and down for this period, and there has been a -5.18% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 26 thousand shares were bought and sold for approximately ₹13.87 million.
The stock lies in the middle of a 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 15.20% during the next 3 months and, with a 90% probability hold a price between ₹569.81 and ₹690.78 at the end of this 3-month period.
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IONEXCHANG.BO Signals & Forecast
There are mixed signals in the stock today. The Ion Exchange stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹536.18. On a fall, the stock will find some support from the short-term average at ₹522.26. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 16, 2024, and so far it has fallen -7.09%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Ion Exchange stock
Ion Exchange finds support from accumulated volume at ₹509.40 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 ₹11.00 between high and low, or 2.09%. For the last week, the stock has had daily average volatility of 6.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IONEXCHANG.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Ion Exchange to open at ₹530.42, and during the day (based on 14 day Average True Range), to move between ₹505.01 and ₹555.09, which gives a possible trading interval of +/-₹25.04 (+/-4.72%) up or down from last closing price. If Ion Exchange takes out the full calculated possible swing range there will be an estimated 9.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹541.40 (2.14%) than the support at ₹509.40 (3.90%), 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.
Earnings coming up
Ion Exchange will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for Ion Exchange , that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.54% in the first trading day after earnings release.
Is Ion Exchange stock A Buy?
Ion Exchange 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.
Current score: -4.268 Sell Candidate Unchanged
Predicted Opening Price for Ion Exchange of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹530.42 ( 0.0692%) | ₹530.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IONEXCHANG.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 541.42 | 2.14 % | |
| R2 | 537.21 | 1.35 % | ||
| R1 | 534.62 | 0.86 % | ||
| Current price: | 530.05 | |||
| Support | S1 | 526.21 | -0.724 % | |
| S2 | 523.62 | -1.21 % | ||
| S3 | 519.42 | -2.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 564.25 | 6.45 % | |
| R2 | 563.45 | 6.30 % | ||
| R1 | 541.40 | 2.14 % | ||
| Current price | 530.05 | |||
| Support | S1 | 509.40 | -3.90% | |
| S2 | 507.15 | -4.32% | ||
| S3 | 494.65 | -6.68% |
IONEXCHANG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 30, 2023 | Aug 30, 2023 | Sep 13, 2023 | ₹1.25 | 0.232% |
| 2 | Aug 29, 2022 | Aug 29, 2022 | Oct 08, 2022 | ₹10.00 | 4.83% |
| 3 | Sep 05, 2017 | Sep 05, 2017 | Oct 01, 2017 | ₹3.50 | 7.39% |
| 4 | Aug 30, 2016 | Aug 30, 2016 | Aug 30, 2016 | ₹3.00 | 9.99% |
| 5 | Sep 04, 2015 | Sep 04, 2015 | Sep 04, 2015 | ₹3.00 | 12.88% |
FAQ
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