KJMC Corporate Advisors Stock Forecast
Strong day for KJMC Corporate Advisors stock price on Friday rising 9.96% to ₹67.13
(Updated on May 17, 2024)
The KJMC Corporate Advisors stock price gained 9.96% on the last trading day (Friday, 17th May 2024), rising from ₹61.05 to ₹67.13. During the last trading day the stock fluctuated 4.92% from a day low at ₹64.00 to a day high of ₹67.15. The price has fallen in 6 of the last 10 days but is still up by 1.94% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 thousand more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately ₹234.02 thousand.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹68.81 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.90% during the next 3 months and, with a 90% probability hold a price between ₹55.82 and ₹74.24 at the end of this 3-month period.
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KJMCCORP.BO Signals & Forecast
Mostly positive signals in the chart today. The KJMC Corporate Advisors 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 ₹61.66 and ₹57.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 17.01%. 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). KJMC Corporate Advisors has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for KJMC Corporate Advisors stock
KJMC Corporate Advisors finds support from accumulated volume at ₹65.85 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 ₹3.15 between high and low, or 4.92%. For the last week, the stock has had daily average volatility of 5.78%.
Our recommended stop-loss: ₹64.65 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (KJMCCORP.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect KJMC Corporate Advisors to open at ₹66.09, and during the day (based on 14 day Average True Range), to move between ₹62.34 and ₹71.92, which gives a possible trading interval of +/-₹4.79 (+/-7.13%) up or down from last closing price. If KJMC Corporate Advisors takes out the full calculated possible swing range there will be an estimated 14.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹68.01 (1.31%) than the support at ₹65.85 (1.91%), 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 KJMC Corporate Advisors stock A Buy?
KJMC Corporate Advisors holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.738 Strong Buy Candidate Upgraded
Predicted Opening Price for KJMC Corporate Advisors of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹66.09 ( 1.54%) | ₹67.13 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KJMCCORP.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.24 | 3.15 % | |
| R2 | 68.04 | 1.36 % | ||
| R1 | 67.30 | 0.248 % | ||
| Current price: | 67.13 | |||
| Support | S1 | 64.89 | -3.34 % | |
| S2 | 64.15 | -4.44 % | ||
| S3 | 62.94 | -6.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 68.01 | 1.31 % | ||
| Current price | 67.13 | |||
| Support | S1 | 65.85 | -1.91% | |
| S2 | 59.90 | -10.77% | ||
| S3 | 55.68 | -17.06% |
KJMCCORP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 21, 2013 | Aug 21, 2013 | Aug 21, 2013 | ₹0.500 | 3.09% |
| 2 | Sep 11, 2002 | Sep 11, 2002 | Sep 11, 2002 | ₹0.250 | 3.70% |
FAQ
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