Kellton Tech Solutions Limited Stock Forecast
Kellton Tech Solutions Limited stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 21, 2024)
The Kellton Tech Solutions Limited stock price fell by -1.19% on the last day (Tuesday, 21st May 2024) from ₹96.85 to ₹95.70. During the last trading day the stock fluctuated 3.04% from a day low at ₹95.45 to a day high of ₹98.35. The price has fallen in 5 of the last 10 days and is down by -2.35% for this period. Volume has increased on the last day by 411 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, 411 thousand shares were bought and sold for approximately ₹39.32 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹92.98 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.02% during the next 3 months and, with a 90% probability hold a price between ₹81.81 and ₹96.24 at the end of this 3-month period.
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KELLTONTEC.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 1.27%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kellton Tech Solutions Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹96.34 and ₹99.69. A break-up above any of these levels will issue buy signals. 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 Kellton Tech Solutions Limited stock
Kellton Tech Solutions Limited finds support from accumulated volume at ₹95.15 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 ₹2.90 (3.04%) between high and low. For the last week, the stock has had daily average volatility of 1.68%.
Our recommended stop-loss: ₹91.32 (-4.58%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 53 days ago.)
Trading Expectations (KELLTONTEC.NS) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Kellton Tech Solutions Limited to open at ₹96.50, and during the day (based on 14 day Average True Range), to move between ₹93.01 and ₹98.39, which gives a possible trading interval of +/-₹2.69 (+/-2.81%) up or down from last closing price. If Kellton Tech Solutions Limited takes out the full calculated possible swing range there will be an estimated 5.62% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹95.15 (0.57%) than the resistance at ₹108.55 (13.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Kellton Tech Solutions Limited will release earnings BMO on Tuesday, May 28, 2024. We will update the financials statements for Kellton Tech Solutions Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.67% in the first trading day after earnings release.
Is Kellton Tech Solutions Limited stock A Buy?
Kellton Tech Solutions 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
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 Kellton Tech Solutions Limited of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| ₹96.50 ( 0.84%) | ₹95.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KELLTONTEC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 99.40 | 3.87 % | |
| R2 | 98.29 | 2.71 % | ||
| R1 | 97.61 | 1.99 % | ||
| Current price: | 95.70 | |||
| Support | S1 | 95.39 | -0.322 % | |
| S2 | 94.71 | -1.04 % | ||
| S3 | 93.60 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 118.45 | 23.77 % | |
| R2 | 114.20 | 19.33 % | ||
| R1 | 108.55 | 13.43 % | ||
| Current price | 95.70 | |||
| Support | S1 | 95.15 | -0.575% | |
| S2 | 94.50 | -1.25% | ||
| S3 | 0 | . |
KELLTONTEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | ₹0.250 | 0.463% |
FAQ
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