Marathon Nextgen Realty Limited Stock Forecast
A very strong day for Marathon Nextgen Realty Limited stock price on Friday
(Updated on Jun 14, 2024)
The Marathon Nextgen Realty Limited stock price gained 7.68% on the last trading day (Friday, 14th Jun 2024), rising from ₹472.35 to ₹508.65. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 9.47% from a day low at ₹475.00 to a day high of ₹520.00. The price has risen in 7 of the last 10 days and is up by 36.24% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 53 thousand more shares were traded than the day before. In total, 471 thousand shares were bought and sold for approximately ₹239.62 million.
Given the current short-term trend, the stock is expected to fall -12.87% during the next 3 months and, with a 90% probability hold a price between ₹306.93 and ₹443.19 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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MARATHON.NS Signals & Forecast
The Marathon Nextgen Realty 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 ₹462.11 and ₹423.25. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 41.00%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Marathon Nextgen Realty Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹472.35 and ₹455.05. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Marathon Nextgen Realty Limited finds support just below today's level at ₹472.35. If this is broken, then the next support from accumulated volume will be at ₹455.05 and ₹454.45.
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 ₹45.00 between high and low, or 9.47%. For the last week, the stock has had daily average volatility of 5.56%.
Our recommended stop-loss: ₹490.14 (-3.64%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 53 days ago.)
Trading Expectations (MARATHON.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Marathon Nextgen Realty Limited to open at ₹501.22, and during the day (based on 14 day Average True Range), to move between ₹482.05 and ₹535.25, which gives a possible trading interval of +/-₹26.60 (+/-5.23%) up or down from last closing price. If Marathon Nextgen Realty Limited takes out the full calculated possible swing range there will be an estimated 10.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹512.50 (0.76%) than the support at ₹472.35 (7.14%), 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 Marathon Nextgen Realty Limited stock A Buy?
Marathon Nextgen Realty Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Marathon Nextgen Realty Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹501.22 ( 1.46%) | ₹508.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MARATHON.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 546.22 | 7.39% |
| R2 | 529.03 | 4.01% |
| R1 | 518.41 | 1.92% |
| Price | 508.65 | |
| S1 | 484.03 | -4.84% |
| S2 | 473.41 | -6.93% |
| S3 | 456.22 | -10.31% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 521.65 | 2.56% |
| R2 | 512.75 | 0.81% |
| R1 | 512.50 | 0.757% |
| Price | 508.65 | |
| S1 | 472.35 | -7.14% |
| S2 | 455.05 | -10.54% |
| S3 | 454.45 | -10.66% |
MARATHON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2023 | Sep 18, 2023 | Oct 02, 2023 | ₹1.00 | 0.220% |
| 2 | Sep 22, 2022 | Sep 22, 2022 | Sep 22, 2022 | ₹0.500 | 0.220% |
| 3 | May 29, 2019 | Sep 17, 2019 | Oct 26, 2019 | ₹0.500 | 0.703% |
| 4 | May 22, 2018 | Sep 10, 2018 | Oct 19, 2018 | ₹2.00 | 1.75% |
| 5 | May 29, 2017 | Sep 08, 2017 | Oct 20, 2017 | ₹0.500 | 0.211% |
FAQ
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