Libord Finance Limited Stock Forecast
Libord Finance Limited stock price ended at ₹13.20 on Friday, after gaining 1.93%.
(Updated on Jun 14, 2024)
The Libord Finance Limited stock price gained 1.93% on the last trading day (Friday, 14th Jun 2024), rising from ₹12.95 to ₹13.20. During the last trading day the stock fluctuated 0% from a day low at ₹13.20 to a day high of ₹13.20. The price has fallen in 5 of the last 10 days and is down by -5.65% for this period. Volume fell on the last day by -11 shares and in total, 2 thousand shares were bought and sold for approximately ₹21.17 thousand. 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 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 53.02% during the next 3 months and, with a 90% probability hold a price between ₹18.72 and ₹25.97 at the end of this 3-month period.
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LIBORDFIN.BO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -14.56%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 not be. The very low volume increases the risk and reduces the other technical signals issued. The Libord Finance 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 ₹13.09 and ₹12.34. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Libord Finance Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹12.00 and ₹11.01. 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, Libord Finance Limited finds support just below today's level at ₹12.00. If this is broken, then the next support from accumulated volume will be at ₹11.01 and ₹10.60.
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 ₹0 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.58%.
Libord Finance Limited is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: ₹12.39 (-6.16%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 17 which reduces the risk some. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (LIBORDFIN.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Libord Finance Limited to open at ₹13.20, and during the day (based on 14 day Average True Range), to move between ₹12.88 and ₹13.52, which gives a possible trading interval of +/-₹0.322 (+/-2.44%) up or down from last closing price. If Libord Finance Limited takes out the full calculated possible swing range there will be an estimated 4.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹12.00 (9.09%) than the resistance at ₹14.58 (10.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Libord Finance 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 Libord Finance Limited stock to perform well in the short-term.
Current score: 3.990 Buy Candidate Unchanged
Predicted Opening Price for Libord Finance Limited of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
₹13.20 ( 0.00000000%) | ₹13.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIBORDFIN.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13.20 | 0.00000000% |
R2 | 13.20 | 0.00000000% |
R1 | 13.20 | 0.00000000% |
Price | 13.20 | |
S1 | 13.20 | 0.00000000% |
S2 | 13.20 | 0.00000000% |
S3 | 13.20 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 15.16 | 14.85% |
R2 | 14.87 | 12.65% |
R1 | 14.58 | 10.45% |
Price | 13.20 | |
S1 | 12.00 | -9.09% |
S2 | 11.01 | -16.59% |
S3 | 10.60 | -19.70% |
FAQ
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