Lovable Lingerie Limited Stock Forecast
Red day on Friday for Lovable Lingerie Limited
(Updated on Jun 28, 2024)
The Lovable Lingerie Limited stock price fell by -0.432% on the last day (Friday, 28th Jun 2024) from ₹138.90 to ₹138.30. During the last trading day the stock fluctuated 4.06% from a day low at ₹137.90 to a day high of ₹143.50. The price has fallen in 7 of the last 10 days but is still up by 7.42% over the past 2 weeks. Volume has increased on the last day by 1 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 10 thousand shares were bought and sold for approximately ₹1.37 million.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹142.78 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.91% during the next 3 months and, with a 90% probability hold a price between ₹119.23 and ₹149.79 at the end of this 3-month period.
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LOVABLE.BO Signals & Forecast
The Lovable Lingerie 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 ₹134.20 and ₹126.24. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 26, 2024, and so far it has fallen -2.98%. Further fall is indicated until a new bottom pivot has been found. Lovable Lingerie Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Lovable Lingerie Limited stock
Lovable Lingerie Limited finds support from accumulated volume at ₹136.95 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 ₹5.60 between high and low, or 4.06%. For the last week, the stock has had daily average volatility of 6.33%.
Our recommended stop-loss: ₹134.48 (-2.76%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (LOVABLE.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Lovable Lingerie Limited to open at ₹139.90, and during the day (based on 14 day Average True Range), to move between ₹132.32 and ₹144.28, which gives a possible trading interval of +/-₹5.98 (+/-4.32%) up or down from last closing price. If Lovable Lingerie Limited takes out the full calculated possible swing range there will be an estimated 8.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹138.90 (0.43%) than the support at ₹136.95 (0.98%), 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 Lovable Lingerie 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 Lovable Lingerie Limited stock to perform well in the short-term.
Current score: 1.959 Buy Candidate Unchanged
Predicted Opening Price for Lovable Lingerie Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹139.90 ( 1.16%) | ₹138.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LOVABLE.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 145.50 | 5.21% |
| R2 | 143.36 | 3.66% |
| R1 | 142.04 | 2.70% |
| Price | 138.30 | |
| S1 | 137.76 | -0.390% |
| S2 | 136.44 | -1.35% |
| S3 | 134.30 | -2.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 142.55 | 3.07% |
| R1 | 138.90 | 0.434% |
| Price | 138.30 | |
| S1 | 136.95 | -0.98% |
| S2 | 134.20 | -2.96% |
| S3 | 132.55 | -4.16% |
LOVABLE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2022 | Sep 21, 2022 | Oct 27, 2022 | ₹0.500 | 0.335% |
| 2 | Mar 17, 2016 | Mar 17, 2016 | Mar 17, 2016 | ₹1.50 | 0.640% |
| 3 | Sep 19, 2014 | Sep 19, 2014 | Sep 19, 2014 | ₹2.50 | 0.619% |
| 4 | Aug 20, 2014 | Aug 20, 2014 | Aug 20, 2014 | ₹12.50 | 3.04% |
| 5 | Jul 23, 2013 | Jul 23, 2013 | Jul 23, 2013 | ₹2.00 | 0.725% |
FAQ
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