IZMO Limited Stock Forecast
IZMO Limited stock downgraded from Buy Candidate to Sell Candidate after Friday trading session.
(Updated on May 10, 2024)
The IZMO Limited stock price fell by -2.31% on the last day (Friday, 10th May 2024) from ₹311.35 to ₹304.15. During the last trading day the stock fluctuated 4.30% from a day low at ₹298.50 to a day high of ₹311.35. The price has fallen in 8 of the last 10 days and is down by -16.61% for this period. 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 -183 shares and in total, 8 thousand shares were bought and sold for approximately ₹2.33 million.
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 13.71% during the next 3 months and, with a 90% probability hold a price between ₹314.64 and ₹423.70 at the end of this 3-month period.
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IZMO.BO Signals & Forecast
There are few to no technical positive signals at the moment. The IZMO Limited 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 ₹318.83 and ₹305.06. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -16.61%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for IZMO Limited stock
IZMO Limited finds support from accumulated volume at ₹292.85 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 ₹12.85 between high and low, or 4.30%. For the last week, the stock has had daily average volatility of 7.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IZMO.BO) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect IZMO Limited to open at ₹304.67, and during the day (based on 14 day Average True Range), to move between ₹283.79 and ₹324.51, which gives a possible trading interval of +/-₹20.36 (+/-6.69%) up or down from last closing price. If IZMO Limited takes out the full calculated possible swing range there will be an estimated 13.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹313.25 (2.99%) than the support at ₹292.85 (3.72%), 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 IZMO Limited stock A Buy?
The IZMO Limited stock holds several negative signals and despite the positive trend, we believe IZMO Limited will perform weakly in the next couple of days or weeks. Therefore, we 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: -2.630 Sell Candidate Downgraded
Predicted Opening Price for IZMO Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₹304.67 ( 0.170%) | ₹304.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IZMO.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 317.52 | 4.39 % | |
| R2 | 312.61 | 2.78 % | ||
| R1 | 309.58 | 1.78 % | ||
| Current price: | 304.15 | |||
| Support | S1 | 299.76 | -1.44 % | |
| S2 | 296.73 | -2.44 % | ||
| S3 | 291.82 | -4.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 364.75 | 19.92 % | |
| R2 | 344.55 | 13.28 % | ||
| R1 | 313.25 | 2.99 % | ||
| Current price | 304.15 | |||
| Support | S1 | 292.85 | -3.72% | |
| S2 | 285.75 | -6.05% | ||
| S3 | 264.35 | -13.09% |
IZMO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 24, 2009 | Sep 24, 2009 | Sep 24, 2009 | ₹1.25 | 1.75% |
| 2 | May 21, 2008 | May 21, 2008 | May 21, 2008 | ₹4.00 | 2.34% |
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