LKP Securities Limited Stock Forecast
Stronger technical forecast for LKP Securities Limited stock price after Friday trading.
(Updated on May 17, 2024)
The LKP Securities Limited stock price gained 2.33% on the last trading day (Friday, 17th May 2024), rising from ₹23.22 to ₹23.76. During the last trading day the stock fluctuated 4.24% from a day low at ₹23.35 to a day high of ₹24.34. The price has fallen in 6 of the last 10 days and is down by -14.01% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 71 thousand more shares were traded than the day before. In total, 264 thousand shares were bought and sold for approximately ₹6.27 million.
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 27.58% during the next 3 months and, with a 90% probability hold a price between ₹24.67 and ₹36.64 at the end of this 3-month period.
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LKPSEC.BO Signals & Forecast
The LKP Securities 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 ₹22.63 and ₹21.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 11.03%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for LKP Securities Limited stock
LKP Securities Limited finds support from accumulated volume at ₹23.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹0.99 between high and low, or 4.24%. For the last week, the stock has had daily average volatility of 6.70%.
Our recommended stop-loss: ₹22.82 (-3.94%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (LKPSEC.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect LKP Securities Limited to open at ₹23.82, and during the day (based on 14 day Average True Range), to move between ₹22.45 and ₹25.07, which gives a possible trading interval of +/-₹1.31 (+/-5.53%) up or down from last closing price. If LKP Securities Limited takes out the full calculated possible swing range there will be an estimated 11.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹23.88 (0.51%) than the support at ₹23.22 (2.27%), 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 LKP Securities Limited stock A Buy?
LKP Securities Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.783 Strong Buy Candidate Upgraded
Predicted Opening Price for LKP Securities Limited of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
₹23.82 ( 0.238%) | ₹23.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LKPSEC.BO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 24.81 | 4.41 % | |
R2 | 24.43 | 2.81 % | ||
R1 | 24.19 | 1.83 % | ||
Current price: | 23.76 | |||
Support | S1 | 23.44 | -1.35 % | |
S2 | 23.20 | -2.34 % | ||
S3 | 22.83 | -3.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 27.63 | 16.29 % | |
R2 | 25.07 | 5.51 % | ||
R1 | 23.88 | 0.505 % | ||
Current price | 23.76 | |||
Support | S1 | 23.22 | -2.27% | |
S2 | 22.52 | -5.22% | ||
S3 | 22.46 | -5.47% |
LKPSEC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 13, 2023 | Jun 13, 2023 | Jul 20, 2023 | ₹0.100 | 0.91% |
2 | Jun 10, 2022 | Jun 10, 2022 | Jul 20, 2022 | ₹0.300 | 2.14% |
3 | Jul 07, 2021 | Jul 07, 2021 | Aug 14, 2021 | ₹0.200 | 1.35% |
4 | Aug 14, 2018 | Aug 14, 2018 | Sep 23, 2018 | ₹0.100 | 0.658% |
FAQ
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