KEI Industries Limited Stock Forecast
KEI Industries Limited stock price ended at ₹3,892.85 on Friday, after losing 2.65%.
(Updated on May 03, 2024)
The KEI Industries Limited stock price fell by -2.65% on the last day (Friday, 3rd May 2024) from ₹3,999.00 to ₹3,892.85. During the last trading day the stock fluctuated 5.72% from a day low at ₹3,880.00 to a day high of ₹4,102.00. The price has fallen in 5 of the last 10 days but is still up by 3.56% over the past 2 weeks. Volume has increased on the last day by 328 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, 561 thousand shares were bought and sold for approximately ₹2.19 billion.
The stock lies in the middle of a 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 26.19% during the next 3 months and, with a 90% probability hold a price between ₹4,405.66 and ₹5,212.88 at the end of this 3-month period.
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KEI.NS Signals & Forecast
The KEI Industries 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 ₹3,934.92. On a fall, the stock will find some support from the long-term average at approximately ₹3,651.19. 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. 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 Tuesday, April 23, 2024, and so far it has fallen -3.08%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for KEI Industries Limited stock
KEI Industries Limited finds support from accumulated volume at ₹3,764.00 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 ₹222.00 between high and low, or 5.72%. For the last week, the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: ₹3,743.35 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (KEI.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect KEI Industries Limited to open at ₹3,958.28, and during the day (based on 14 day Average True Range), to move between ₹3,742.91 and ₹4,042.79, which gives a possible trading interval of +/-₹149.94 (+/-3.85%) up or down from last closing price. If KEI Industries Limited takes out the full calculated possible swing range there will be an estimated 7.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹3,992.55 (2.56%) than the support at ₹3,764.00 (3.31%), 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.
Earnings coming up
KEI Industries Limited will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $18.53. We will update the financials statements for KEI Industries Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.93% in the first trading day after earnings release.
Is KEI Industries Limited stock A Buy?
KEI Industries Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.842 Hold/Accumulate Unchanged
Predicted Opening Price for KEI Industries Limited of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
₹3,958.28 ( 1.68%) | ₹3,892.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KEI.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4,180.28 | 7.38 % | |
R2 | 4,095.48 | 5.21 % | ||
R1 | 4,043.09 | 3.86 % | ||
Current price: | 3,892.85 | |||
Support | S1 | 3,873.48 | -0.498 % | |
S2 | 3,821.09 | -1.84 % | ||
S3 | 3,736.28 | -4.02 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 4,016.75 | 3.18 % | |
R2 | 4,005.15 | 2.88 % | ||
R1 | 3,992.55 | 2.56 % | ||
Current price | 3,892.85 | |||
Support | S1 | 3,764.00 | -3.31% | |
S2 | 3,476.30 | -10.70% | ||
S3 | 3,420.40 | -12.14% |
KEI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 19, 2024 | Mar 19, 2024 | Apr 10, 2024 | ₹3.50 | 0.0921% |
2 | Feb 03, 2023 | Feb 03, 2023 | Feb 03, 2023 | ₹3.00 | 0.179% |
3 | Feb 07, 2022 | Feb 07, 2022 | Feb 07, 2022 | ₹2.50 | 0.229% |
4 | Mar 09, 2021 | Mar 09, 2021 | Mar 09, 2021 | ₹2.00 | 0.404% |
5 | Mar 09, 2020 | Mar 19, 2020 | Apr 08, 2020 | ₹1.50 | 0.501% |
FAQ
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