Kuantum Papers Limited Stock Forecast
Green day on Friday for Kuantum Papers Limited
(Updated on Jun 21, 2024)
The Kuantum Papers Limited stock price gained 0.717% on the last trading day (Friday, 21st Jun 2024), rising from ₹160.35 to ₹161.50. During the last trading day the stock fluctuated 2.29% from a day low at ₹159.15 to a day high of ₹162.80. The price has risen in 8 of the last 10 days and is up by 8.68% over the past 2 weeks. Volume fell on the last day by -34 thousand shares and in total, 7 thousand shares were bought and sold for approximately ₹1.21 million. 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 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 -2.13% during the next 3 months and, with a 90% probability hold a price between ₹133.69 and ₹170.29 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
KUANTUM.BO Signals & Forecast
The Kuantum Papers 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 ₹159.59 and ₹156.13. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -0.615%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Kuantum Papers Limited stock
Kuantum Papers Limited finds support from accumulated volume at ₹160.35 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹3.65 between high and low, or 2.29%. For the last week the stock has had daily average volatility of 4.30%.
Our recommended stop-loss: ₹156.04 (-3.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (KUANTUM.BO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Kuantum Papers Limited to open at ₹161.15, and during the day (based on 14 day Average True Range), to move between ₹155.09 and ₹167.91, which gives a possible trading interval of +/-₹6.41 (+/-3.97%) up or down from last closing price. If Kuantum Papers Limited takes out the full calculated possible swing range there will be an estimated 7.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹160.35 (0.71%) than the resistance at ₹167.95 (3.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Kuantum Papers Limited stock A Buy?
Kuantum Papers 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.
Current score: 0.291 Hold/Accumulate Unchanged
Predicted Opening Price for Kuantum Papers Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹161.15 ( 0.217%) | ₹161.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KUANTUM.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 164.80 | 2.04% |
| R2 | 163.41 | 1.18% |
| R1 | 162.54 | 0.647% |
| Price | 161.50 | |
| S1 | 159.76 | -1.08% |
| S2 | 158.89 | -1.61% |
| S3 | 157.50 | -2.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 175.80 | 8.85% |
| R2 | 169.00 | 4.64% |
| R1 | 167.95 | 3.99% |
| Price | 161.50 | |
| S1 | 160.35 | -0.712% |
| S2 | 146.35 | -9.38% |
| S3 | 137.40 | -14.92% |
KUANTUM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 23, 2024 | Aug 23, 2024 | Sep 29, 2024 | ₹3.00 | 1.86% |
| 2 | Jun 30, 2023 | Jun 30, 2023 | Aug 06, 2023 | ₹3.00 | 1.62% |
| 3 | Sep 07, 2017 | Sep 07, 2017 | Oct 15, 2017 | ₹2.00 | 2.95% |
| 4 | Sep 06, 2016 | Sep 06, 2016 | Sep 06, 2016 | ₹1.00 | 3.08% |
| 5 | Sep 10, 2015 | Sep 10, 2015 | Sep 10, 2015 | ₹1.00 | 12.72% |
FAQ
Click here for our free guide on how to buy Kuantum Papers Limited Stock.
