Kapston Services Limited Stock Forecast
Kapston Services Limited stock price down 1.46% on Friday
(Updated on Jun 28, 2024)
The Kapston Services Limited stock price fell by -1.46% on the last day (Friday, 28th Jun 2024) from ₹381.05 to ₹375.50. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 4.02% from a day low at ₹373.00 to a day high of ₹388.00. The price has fallen in 6 of the last 10 days but is still up by 8.48% over the past 2 weeks. 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 -804 shares and in total, 2 thousand shares were bought and sold for approximately ₹812.58 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹373.52 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 19.86% during the next 3 months and, with a 90% probability hold a price between ₹447.69 and ₹510.08 at the end of this 3-month period.
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KAPSTON.NS Signals & Forecast
The Kapston Services Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹386.34. On a fall, the stock will find some support from the long-term average at approximately ₹357.39. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -7.28%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Kapston Services Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹355.15 and ₹346.55. 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, Kapston Services Limited finds support just below today's level at ₹355.15. If this is broken, then the next support from accumulated volume will be at ₹346.55 and ₹338.00.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹15.00 between high and low, or 4.02%. For the last week the stock has had daily average volatility of 4.89%.
Our recommended stop-loss: ₹356.68 (-5.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (KAPSTON.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kapston Services Limited to open at ₹378.83, and during the day (based on 14 day Average True Range), to move between ₹354.90 and ₹396.10, which gives a possible trading interval of +/-₹20.60 (+/-5.49%) up or down from last closing price. If Kapston Services Limited takes out the full calculated possible swing range there will be an estimated 10.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹376.50 (0.27%) than the support at ₹355.15 (5.42%), 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 Kapston Services 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 Kapston Services Limited stock to perform well in the short-term.
Current score: 3.168 Buy Candidate Unchanged
Predicted Opening Price for Kapston Services Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹378.83 ( 0.89%) | ₹375.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KAPSTON.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 393.83 | 4.88% |
| R2 | 388.10 | 3.36% |
| R1 | 384.56 | 2.41% |
| Price | 375.50 | |
| S1 | 373.10 | -0.638% |
| S2 | 369.56 | -1.58% |
| S3 | 363.83 | -3.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 405.00 | 7.86% |
| R2 | 398.00 | 5.99% |
| R1 | 376.50 | 0.266% |
| Price | 375.50 | |
| S1 | 355.15 | -5.42% |
| S2 | 346.55 | -7.71% |
| S3 | 338.00 | -9.99% |
KAPSTON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 17, 2020 | Nov 17, 2020 | Dec 05, 2020 | ₹1.00 | 1.02% |
FAQ
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