Lancor Holdings Limited Stock Forecast
Lancor Holdings Limited stock price ended at ₹43.70 on Friday, after gaining 1.53%.
(Updated on May 31, 2024)
The Lancor Holdings Limited stock price gained 1.53% on the last trading day (Friday, 31st May 2024), rising from ₹43.04 to ₹43.70. During the last trading day the stock fluctuated 3.60% from a day low at ₹42.47 to a day high of ₹44.00. The price has fallen in 6 of the last 10 days and is down by -2.04% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 803 more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately ₹582.39 thousand.
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 ₹42.53 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.75% during the next 3 months and, with a 90% probability hold a price between ₹35.83 and ₹41.62 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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LANCORHOL.BO Signals & Forecast
There are mixed signals in the stock today. The Lancor Holdings 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 ₹44.26 and ₹47.77. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, May 28, 2024, and so far it has risen 1.58%. 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). Lancor Holdings Limited 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 Lancor Holdings Limited stock
Lancor Holdings Limited finds support from accumulated volume at ₹43.39 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 ₹1.53 between high and low, or 3.60%. For the last week, the stock has had daily average volatility of 3.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LANCORHOL.BO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Lancor Holdings Limited to open at ₹43.39, and during the day (based on 14 day Average True Range), to move between ₹41.42 and ₹45.98, which gives a possible trading interval of +/-₹2.28 (+/-5.22%) up or down from last closing price. If Lancor Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹43.90 (0.46%) than the support at ₹43.39 (0.71%), 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 Lancor Holdings Limited stock A Buy?
Lancor Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.640 Sell Candidate Unchanged
Predicted Opening Price for Lancor Holdings Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹43.39 ( 0.709%) | ₹43.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LANCORHOL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.92 | 2.79 % | |
| R2 | 44.34 | 1.45 % | ||
| R1 | 43.97 | 0.628 % | ||
| Current price: | 43.70 | |||
| Support | S1 | 42.81 | -2.05 % | |
| S2 | 42.44 | -2.87 % | ||
| S3 | 41.86 | -4.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.47 | 24.65 % | |
| R2 | 53.83 | 23.18 % | ||
| R1 | 43.90 | 0.458 % | ||
| Current price | 43.70 | |||
| Support | S1 | 43.39 | -0.709% | |
| S2 | 43.04 | -1.51% | ||
| S3 | 43.02 | -1.56% |
LANCORHOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 24, 2019 | Sep 24, 2019 | Oct 25, 2019 | ₹0.133 | 1.57% |
| 2 | Sep 11, 2018 | Sep 11, 2018 | Oct 19, 2018 | ₹0.133 | 0.693% |
| 3 | Sep 14, 2017 | Sep 14, 2017 | Oct 22, 2017 | ₹0.133 | 0.465% |
| 4 | Sep 21, 2016 | Sep 21, 2016 | Sep 21, 2016 | ₹0.667 | 2.52% |
| 5 | Sep 23, 2015 | Sep 23, 2015 | Sep 23, 2015 | ₹0.667 | 1.95% |
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