Dr. Lal PathLabs Limited Stock Forecast
Weaker technical forecast for Dr. Lal PathLabs Limited as stock downgraded to Buy Candidate.
(Updated on May 27, 2024)
The Dr. Lal PathLabs Limited stock price gained 0.234% on the last trading day (Monday, 27th May 2024), rising from ₹2,626.20 to ₹2,632.35. During the last trading day the stock fluctuated 2.03% from a day low at ₹2,595.30 to a day high of ₹2,648.00. The price has risen in 6 of the last 10 days and is up by 5.53% over the past 2 weeks. Volume fell on the last day by -286 thousand shares and in total, 110 thousand shares were bought and sold for approximately ₹288.96 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 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 17.28% during the next 3 months and, with a 90% probability hold a price between ₹2,729.23 and ₹3,225.43 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.
LALPATHLAB.NS Signals & Forecast
Mostly positive signals in the chart today. The Dr. Lal PathLabs 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 ₹2,582.96 and ₹2,388.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 30.89%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Dr. Lal PathLabs Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹2,494.30 and ₹2,347.90. 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, Dr. Lal PathLabs Limited finds support just below today's level at ₹2,494.30. If this is broken, then the next support from accumulated volume will be at ₹2,347.90 and ₹2,267.50.
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 ₹52.70 between high and low, or 2.03%. For the last week, the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: ₹2,554.96 (-2.94%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 79 days ago.)
Trading Expectations (LALPATHLAB.NS) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Dr. Lal PathLabs Limited to open at ₹2,625.22, and during the day (based on 14 day Average True Range), to move between ₹2,561.13 and ₹2,703.57, which gives a possible trading interval of +/-₹71.22 (+/-2.71%) up or down from last closing price. If Dr. Lal PathLabs Limited takes out the full calculated possible swing range there will be an estimated 5.41% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹2,494.30, some ₹138.05 (5.24%) from the current price of ₹2,632.35, our system finds the risk reward attractive.
Is Dr. Lal PathLabs Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dr. Lal PathLabs Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.198 Buy Candidate Downgraded
Predicted Opening Price for Dr. Lal PathLabs Limited of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ₹2,625.22 ( 0.271%) | ₹2,632.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LALPATHLAB.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,677.92 | 1.73 % | |
| R2 | 2,657.79 | 0.97 % | ||
| R1 | 2,645.35 | 0.494 % | ||
| Current price: | 2,632.35 | |||
| Support | S1 | 2,605.09 | -1.04 % | |
| S2 | 2,592.65 | -1.51 % | ||
| S3 | 2,572.52 | -2.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 2,632.35 | |||
| Support | S1 | 2,494.30 | -5.24% | |
| S2 | 2,347.90 | -10.81% | ||
| S3 | 2,267.50 | -13.86% |
LALPATHLAB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jul 29, 2024 | ₹6.00 | 0.228% |
| 2 | Feb 13, 2024 | Feb 13, 2024 | Mar 02, 2024 | ₹12.00 | 0.514% |
| 3 | Aug 05, 2022 | Aug 05, 2022 | Aug 05, 2022 | ₹6.00 | 0.247% |
| 4 | Jun 22, 2022 | Jun 22, 2022 | Jun 22, 2022 | ₹6.00 | 0.304% |
| 5 | Aug 18, 2021 | Aug 18, 2021 | Aug 18, 2021 | ₹6.00 | 0.150% |
FAQ
Click here for our free guide on how to buy Dr. Lal PathLabs Limited Stock.
