KEC International Limited Stock Forecast
KEC International Limited stock price ended at ₹892.05 on Wednesday, after losing 4.24%.
(Updated on Jun 19, 2024)
The KEC International Limited stock price fell by -4.24% on the last day (Wednesday, 19th Jun 2024) from ₹931.55 to ₹892.05. During the last trading day the stock fluctuated 4.26% from a day low at ₹887.75 to a day high of ₹925.60. The price has risen in 7 of the last 10 days and is up by 27.91% 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 -3 thousand shares and in total, 22 thousand shares were bought and sold for approximately ₹20.00 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 17.56% during the next 3 months and, with a 90% probability hold a price between ₹848.79 and ₹1,105.17 at the end of this 3-month period.
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KEC.BO Signals & Forecast
The KEC International Limited 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 ₹868.87 and ₹777.09. A breakdown below any of these levels will issue sell signals. 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 Friday, June 14, 2024, and so far it has fallen -4.61%. Further fall is indicated until a new bottom pivot has been found. 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 KEC International Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹809.05 and ₹769.60. 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, KEC International Limited finds support just below today's level at ₹809.05. If this is broken, then the next support from accumulated volume will be at ₹769.60 and ₹760.90.
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 ₹37.85 between high and low, or 4.26%. For the last week, the stock has had daily average volatility of 5.13%.
Our recommended stop-loss: ₹850.99 (-4.60%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (KEC.BO) For The Upcoming Trading Day Of Thursday 20th
For the upcoming trading day on Thursday, 20th we expect KEC International Limited to open at ₹901.80, and during the day (based on 14 day Average True Range), to move between ₹854.30 and ₹929.80, which gives a possible trading interval of +/-₹37.75 (+/-4.23%) up or down from last closing price. If KEC International Limited takes out the full calculated possible swing range there will be an estimated 8.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹931.55 (4.43%) than the support at ₹809.05 (9.30%), 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 KEC International 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 KEC International Limited stock to perform well in the short-term.
Current score: 2.802 Buy Candidate Unchanged
Predicted Opening Price for KEC International Limited of Thursday, June 20, 2024
| Fair opening price June 20, 2024 | Current price |
|---|---|
| ₹901.80 ( 1.09%) | ₹892.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KEC.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 939.65 | 5.34% |
| R2 | 925.19 | 3.72% |
| R1 | 916.26 | 2.71% |
| Price | 892.05 | |
| S1 | 887.34 | -0.528% |
| S2 | 878.41 | -1.53% |
| S3 | 863.95 | -3.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 935.20 | 4.84% |
| R1 | 931.55 | 4.43% |
| Price | 892.05 | |
| S1 | 809.05 | -9.30% |
| S2 | 769.60 | -13.73% |
| S3 | 760.90 | -14.70% |
KEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 25, 2023 | Jul 25, 2023 | Sep 07, 2023 | ₹3.00 | 0.444% |
| 2 | Jun 15, 2022 | Jun 15, 2022 | Jul 30, 2022 | ₹4.00 | 0.87% |
| 3 | Jul 18, 2017 | Jul 18, 2017 | Aug 25, 2017 | ₹1.60 | 0.539% |
| 4 | Mar 22, 2016 | Mar 22, 2016 | Mar 22, 2016 | ₹1.00 | 0.84% |
| 5 | Jul 20, 2015 | Jul 20, 2015 | Jul 20, 2015 | ₹0.90 | 0.607% |
FAQ
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