LIC MF GSEC LNG TRM ETF/ETF GR FDS Stock Forecast

LIC MF GSEC LNG TRM ETF/ETF GR FDS stock price ended at ₹25.00 on Wednesday, after losing 0%.
(Updated on May 01, 2024)

LICNETFGSC.NS Signals & Forecast

There are few to no technical positive signals at the moment. The LIC MF GSEC LNG TRM ETF/ETF GR FDS 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 ₹25.05 and ₹25.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -1.19%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for LIC MF GSEC LNG TRM ETF/ETF GR FDS stock

LIC MF GSEC LNG TRM ETF/ETF GR FDS finds support from accumulated volume at ₹24.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 2.52%

Our recommended stop-loss: ₹23.89 (-4.46%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (LICNETFGSC.NS) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect LIC MF GSEC LNG TRM ETF/ETF GR FDS to open at ₹25.00, and during the day (based on 14 day Average True Range), to move between ₹24.46 and ₹25.54, which gives a possible trading interval of +/-₹0.536 (+/-2.15%) up or down from last closing price. If LIC MF GSEC LNG TRM ETF/ETF GR FDS takes out the full calculated possible swing range there will be an estimated 4.29% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹24.99 (0.04%) than the resistance at ₹25.04 (0.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is LIC MF GSEC LNG TRM ETF/ETF GR FDS stock A Buy?

LIC MF GSEC LNG TRM ETF/ETF GR FDS holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.921 Hold/Accumulate Unchanged

Predicted Opening Price for LIC MF GSEC LNG TRM ETF/ETF GR FDS of Thursday, May 2, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.