Mafia Trends Limited Stock Forecast
Mafia Trends Limited stock price ended at ₹14.96 on Friday, after losing 0%.
(Updated on Jun 28, 2024)
No changes to the price of Mafia Trends Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at ₹14.96 to a day high of ₹14.96. The price has been going up and down for this period, and there has been a -3.42% loss for the last 2 weeks.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Mafia Trends Limited stock with a 90% probability to be traded between ₹12.88 and ₹19.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MAFIA.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Mafia Trends Limited 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 ₹15.77 and ₹15.83. A break-up above any of these levels will issue buy signals. 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 Mafia Trends Limited stock
Mafia Trends Limited finds support from accumulated volume at ₹14.77 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 0.629%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MAFIA.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Mafia Trends Limited to open at ₹14.96, and during the day (based on 14 day Average True Range), to move between ₹14.28 and ₹15.64, which gives a possible trading interval of +/-₹0.676 (+/-4.52%) up or down from last closing price. If Mafia Trends Limited takes out the full calculated possible swing range there will be an estimated 9.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹14.77 (1.27%) than the resistance at ₹15.75 (5.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mafia Trends Limited stock A Buy?
Mafia Trends Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.243 Sell Candidate Unchanged
Predicted Opening Price for Mafia Trends Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹14.96 ( 0%) | ₹14.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAFIA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.96 | - |
| R2 | 14.96 | - |
| R1 | 14.96 | - |
| Price | 14.96 | |
| S1 | 14.96 | - |
| S2 | 14.96 | - |
| S3 | 14.96 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 18.18 | 21.52% |
| R2 | 17.32 | 15.78% |
| R1 | 15.75 | 5.28% |
| Price | 14.96 | |
| S1 | 14.77 | -1.27% |
| S2 | 14.37 | -3.94% |
| S3 | 13.46 | -10.03% |
MAFIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 22, 2024 | ₹0.100 | 0.644% |
FAQ
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