Lux Industries Limited Stock Forecast
Lux Industries Limited stock price ended at ₹1,463.15 on Friday, after losing 0.88%.
(Updated on Jun 14, 2024)
The Lux Industries Limited stock price fell by -0.88% on the last day (Friday, 14th Jun 2024) from ₹1,476.10 to ₹1,463.15. During the last trading day the stock fluctuated 2.12% from a day low at ₹1,459.00 to a day high of ₹1,489.95. The price has risen in 6 of the last 10 days and is up by 0.56% over the past 2 weeks. Volume has increased on the last day by 24 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, 52 thousand shares were bought and sold for approximately ₹76.43 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 36.72% during the next 3 months and, with a 90% probability hold a price between ₹1,860.02 and ₹2,356.88 at the end of this 3-month period.
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LUXIND.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Lux Industries Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹1,477.63. On a fall, the stock will find some support from the short-term average at ₹1,457.83. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -7.95%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Lux Industries Limited stock
Lux Industries Limited finds support from accumulated volume at ₹1,420.65 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 ₹30.95 between high and low, or 2.12%. For the last week, the stock has had daily average volatility of 1.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LUXIND.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Lux Industries Limited to open at ₹1,470.70, and during the day (based on 14 day Average True Range), to move between ₹1,405.36 and ₹1,520.94, which gives a possible trading interval of +/-₹57.79 (+/-3.95%) up or down from last closing price. If Lux Industries Limited takes out the full calculated possible swing range there will be an estimated 7.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,496.30 (2.27%) than the support at ₹1,420.65 (2.90%), 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 Lux Industries Limited stock A Buy?
The Lux Industries Limited stock holds several negative signals and despite the positive trend, we believe Lux Industries Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.829 Sell Candidate Unchanged
Predicted Opening Price for Lux Industries Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹1,470.70 ( 0.516%) | ₹1,463.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LUXIND.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,501.65 | 2.63% |
| R2 | 1,489.83 | 1.82% |
| R1 | 1,482.52 | 1.32% |
| Price | 1,463.15 | |
| S1 | 1,458.88 | -0.292% |
| S2 | 1,451.57 | -0.791% |
| S3 | 1,439.75 | -1.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,576.95 | 7.78% |
| R2 | 1,519.45 | 3.85% |
| R1 | 1,496.30 | 2.27% |
| Price | 1,463.15 | |
| S1 | 1,420.65 | -2.90% |
| S2 | 1,377.30 | -5.87% |
| S3 | 1,332.00 | -8.96% |
LUXIND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 29, 2023 | ₹5.00 | 0.387% |
| 2 | Nov 10, 2021 | Nov 10, 2021 | Nov 10, 2021 | ₹12.00 | 0.299% |
| 3 | Sep 16, 2020 | Sep 16, 2020 | Sep 16, 2020 | ₹2.50 | 0.176% |
| 4 | Feb 09, 2020 | Feb 18, 2020 | Feb 26, 2020 | ₹10.00 | 0.652% |
| 5 | Apr 22, 2019 | Aug 28, 2019 | Sep 05, 2019 | ₹3.50 | 0.311% |
FAQ
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