Landmark Property Development Co Ltd Stock Forecast
Landmark Property Development Co Ltd stock downgraded to Sell Candidate
(Updated on May 03, 2024)
No changes to the price of Landmark Property Development Co Ltd stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 4.35% from a day low at ₹9.20 to a day high of ₹9.60. The price has fallen in 5 of the last 10 days but is still up by 8% over the past 2 weeks.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.91% during the next 3 months and, with a 90% probability hold a price between ₹6.40 and ₹9.00 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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LPDC.NS Signals & Forecast
The Landmark Property Development Co Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹9.61. On a fall, the stock will find some support from the long-term average at approximately ₹8.90. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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, April 24, 2024, and so far it has fallen -7.80%. Further fall is indicated until a new bottom pivot has been found. 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".
Support, Risk & Stop-loss for Landmark Property Development Co Ltd stock
Landmark Property Development Co Ltd finds support from accumulated volume at ₹9.40 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.400 between high and low, or 4.35%. For the last week the stock has had daily average volatility of 3.31%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LPDC.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Landmark Property Development Company Limited to open at ₹9.42, and during the day (based on 14 day Average True Range), to move between ₹8.82 and ₹10.08, which gives a possible trading interval of +/-₹0.625 (+/-6.62%) up or down from last closing price. If Landmark Property Development Company Limited takes out the full calculated possible swing range there will be an estimated 13.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹9.40 (0.53%) than the resistance at ₹9.90 (4.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Landmark Property Development Company Limited stock A Buy?
Landmark Property Development Co Ltd 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.748 Sell Candidate Downgraded
Predicted Opening Price for Landmark Property Development Company Limited of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
₹9.42 ( 0.353%) | ₹9.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LPDC.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 9.82 | 3.88 % | |
R2 | 9.66 | 2.26 % | ||
R1 | 9.57 | 1.26 % | ||
Current price: | 9.45 | |||
Support | S1 | 9.26 | -1.97 % | |
S2 | 9.17 | -2.97 % | ||
S3 | 9.02 | -4.59 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.20 | 18.52 % | |
R2 | 10.25 | 8.47 % | ||
R1 | 9.90 | 4.76 % | ||
Current price | 9.45 | |||
Support | S1 | 9.40 | -0.529% | |
S2 | 9.35 | -1.06% | ||
S3 | 8.60 | -8.99% |
LPDC Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 16, 2014 | Sep 19, 2014 | Oct 30, 2014 | ₹0.0700 | 1.31% |
2 | May 28, 2013 | Sep 19, 2013 | Oct 30, 2013 | ₹0.0500 | 2.17% |
FAQ
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