Columbia U.s. Esg Equity Income Stock Forecast
Red day on Friday for Columbia U.s. Esg Equity Income
(Updated on Jun 21, 2024)
The Columbia U.s. Esg Equity Income stock price fell by -3.39% on the last day (Friday, 21st Jun 2024) from ₹169.75 to ₹164.00. During the last trading day the stock fluctuated 7.85% from a day low at ₹157.40 to a day high of ₹169.75. The price has been going up and down for this period, and there has been a 6.6% gain for the last 2 weeks. Volume has increased on the last day by 9 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, 15 thousand shares were bought and sold for approximately ₹2.46 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -31.27% during the next 3 months and, with a 90% probability hold a price between ₹90.31 and ₹121.99 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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JAYANT.BO Signals & Forecast
There are mixed signals in the stock today. The Columbia U.s. Esg Equity Income 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 ₹175.36. On a fall, the stock will find some support from the short-term average at ₹163.71. 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, June 18, 2024, and so far it has fallen -9.77%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Columbia U.s. Esg Equity Income stock
Columbia U.s. Esg Equity Income finds support from accumulated volume at ₹159.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹12.35 between high and low, or 7.85%. For the last week, the stock has had daily average volatility of 5.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JAYANT.BO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Columbia U.s. Esg Equity Income to open at ₹163.72, and during the day (based on 14 day Average True Range), to move between ₹152.73 and ₹175.27, which gives a possible trading interval of +/-₹11.27 (+/-6.87%) up or down from last closing price. If Columbia U.s. Esg Equity Income takes out the full calculated possible swing range there will be an estimated 13.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹167.50 (2.13%) than the support at ₹159.75 (2.59%), 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 Columbia U.s. Esg Equity Income stock A Buy?
Columbia U.s. Esg Equity Income 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: -1.995 Sell Candidate Unchanged
Predicted Opening Price for Columbia U.s. Esg Equity Income of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹163.72 ( 0.173%) | ₹164.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JAYANT.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 176.07 | 7.36% |
| R2 | 171.35 | 4.48% |
| R1 | 168.43 | 2.70% |
| Price | 164.00 | |
| S1 | 159.00 | -3.05% |
| S2 | 156.08 | -4.83% |
| S3 | 151.37 | -7.70% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 181.75 | 10.82% |
| R2 | 169.20 | 3.17% |
| R1 | 167.50 | 2.13% |
| Price | 164.00 | |
| S1 | 159.75 | -2.59% |
| S2 | 153.85 | -6.19% |
| S3 | 148.95 | -9.18% |
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