KEC International Limited Stock Forecast
Evaluation of KEC International Limited stock downgraded after the last trading session.
(Updated on May 16, 2024)
The KEC International Limited stock price gained 2.48% on the last trading day (Thursday, 16th May 2024), rising from ₹760.75 to ₹779.60. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.82% from a day low at ₹761.35 to a day high of ₹805.65. The price has been going up and down for this period, and there has been a 4.56% gain for the last 2 weeks. Volume fell on the last day by -2 million shares and in total, 2 million shares were bought and sold for approximately ₹1.74 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and weak 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 9.70% during the next 3 months and, with a 90% probability hold a price between ₹768.06 and ₹880.42 at the end of this 3-month period.
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KEC.NS 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 ₹739.20 and ₹735.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 19.13%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for KEC International Limited stock
KEC International Limited finds support from accumulated volume at ₹769.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹44.30 (5.82%) between high and low. For the last week, the stock has had daily average volatility of 4.62%.
Our recommended stop-loss: ₹755.59 (-3.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (KEC.NS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect KEC International Limited to open at ₹782.20, and during the day (based on 14 day Average True Range), to move between ₹752.77 and ₹806.43, which gives a possible trading interval of +/-₹26.83 (+/-3.44%) up or down from last closing price. If KEC International Limited takes out the full calculated possible swing range there will be an estimated 6.88% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹769.75, some ₹9.85 (1.26%) from the current price of ₹779.60, our system finds the risk reward attractive.
Is KEC International Limited stock A Buy?
KEC International Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for KEC International Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ₹782.20 ( 0.334%) | ₹779.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KEC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 826.50 | 6.02 % | |
| R2 | 809.58 | 3.85 % | ||
| R1 | 799.12 | 2.50 % | ||
| Current price: | 779.60 | |||
| Support | S1 | 765.28 | -1.84 % | |
| S2 | 754.82 | -3.18 % | ||
| S3 | 737.90 | -5.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 779.60 | |||
| Support | S1 | 769.75 | -1.26% | |
| S2 | 760.75 | -2.42% | ||
| S3 | 748.40 | -4.00% |
KEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 25, 2023 | Jul 25, 2023 | Jul 25, 2023 | ₹3.00 | 0.463% |
| 2 | Jun 15, 2022 | Jun 15, 2022 | Jun 15, 2022 | ₹4.00 | 1.07% |
| 3 | Jul 19, 2021 | Jul 19, 2021 | Jul 19, 2021 | ₹4.00 | 0.97% |
| 4 | Feb 04, 2020 | Feb 13, 2020 | Feb 24, 2020 | ₹3.40 | 0.99% |
| 5 | May 08, 2019 | Jul 15, 2019 | Aug 21, 2019 | ₹2.70 | 0.99% |
FAQ
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