K.P. Energy Limited Stock Forecast
K.P. Energy Limited stock price down 0.0704% on Tuesday
(Updated on Apr 30, 2024)
The K.P. Energy Limited stock price fell by -0.0704% on the last day (Tuesday, 30th Apr 2024) from ₹426.05 to ₹425.75. During the last trading day the stock fluctuated 5.18% from a day low at ₹422.90 to a day high of ₹444.80. The price has risen in 8 of the last 10 days and is up by 25.17% 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 -543 thousand shares and in total, 480 thousand shares were bought and sold for approximately ₹204.51 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -42.44% during the next 3 months and, with a 90% probability hold a price between ₹59.67 and ₹399.03 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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KPEL.BO Signals & Forecast
The K.P. Energy 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 ₹421.74 and ₹371.55. 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 35.09%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 K.P. Energy Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹390.35 and ₹367.80. 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, K.P. Energy Limited finds support just below today's level at ₹390.35. If this is broken, then the next support from accumulated volume will be at ₹367.80 and ₹324.95.
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 ₹21.90 between high and low, or 5.18%. For the last week, the stock has had daily average volatility of 4.32%.
Our recommended stop-loss: ₹410.42 (-3.60%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (KPEL.BO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect K.P. Energy Limited to open at ₹431.15, and during the day (based on 14 day Average True Range), to move between ₹400.84 and ₹450.66, which gives a possible trading interval of +/-₹24.91 (+/-5.85%) up or down from last closing price. If K.P. Energy Limited takes out the full calculated possible swing range there will be an estimated 11.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹426.05 (0.07%) than the support at ₹390.35 (8.31%), 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.
Is K.P. Energy Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.562 Buy Candidate Unchanged
Predicted Opening Price for K.P. Energy Limited of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| ₹431.15 ( 1.27%) | ₹425.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KPEL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 453.05 | 6.41 % | |
| R2 | 444.68 | 4.45 % | ||
| R1 | 439.52 | 3.23 % | ||
| Current price: | 425.75 | |||
| Support | S1 | 422.78 | -0.697 % | |
| S2 | 417.62 | -1.91 % | ||
| S3 | 409.25 | -3.88 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 450.95 | 5.92 % | |
| R2 | 446.10 | 4.78 % | ||
| R1 | 426.05 | 0.0705 % | ||
| Current price | 425.75 | |||
| Support | S1 | 390.35 | -8.31% | |
| S2 | 367.80 | -13.61% | ||
| S3 | 324.95 | -23.68% |
KPEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 17, 2023 | Nov 17, 2023 | Nov 17, 2023 | ₹0.0667 | 0.0344% |
| 2 | Aug 21, 2023 | Aug 21, 2023 | Sep 09, 2023 | ₹0.0833 | 0.0438% |
| 3 | Feb 07, 2023 | Feb 07, 2023 | Mar 01, 2023 | ₹0.0417 | 0.0758% |
| 4 | Nov 01, 2022 | Nov 01, 2022 | Nov 18, 2022 | ₹0.0333 | 0.0588% |
| 5 | Sep 22, 2022 | Sep 22, 2022 | Oct 29, 2022 | ₹0.0417 | 0.0665% |
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