Marathon Nextgen Realty Limited Stock Forecast
Marathon Nextgen Realty Limited stock upgraded to Buy Candidate.
(Updated on Jun 21, 2024)
The Marathon Nextgen Realty Limited stock price fell by -0.0084% on the last day (Friday, 21st Jun 2024) from ₹594.35 to ₹594.30. During the last trading day the stock fluctuated 3.20% from a day low at ₹589.00 to a day high of ₹607.85. The price has risen in 7 of the last 10 days and is up by 37.28% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -129 thousand shares and in total, 118 thousand shares were bought and sold for approximately ₹70.23 million.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₹604.56 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Marathon Nextgen Realty Limited stock with a 90% probability to be traded between ₹353.11 and ₹594.73 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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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 ₹545.90 and ₹442.01. 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 Tuesday, June 18, 2024, and so far it has fallen -1.78%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Marathon Nextgen Realty Limited stock
Marathon Nextgen Realty Limited finds support from accumulated volume at ₹592.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹18.85 between high and low, or 3.20%. For the last week, the stock has had daily average volatility of 8.40%.
The Marathon Nextgen Realty Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₹573.03 (-3.58%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 87 and this increases the risk substantially. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (MARATHON.NS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Marathon Nextgen Realty Limited to open at ₹597.05, and during the day (based on 14 day Average True Range), to move between ₹563.19 and ₹625.41, which gives a possible trading interval of +/-₹31.11 (+/-5.24%) 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 10.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹594.35 (0.01%) than the support at ₹592.20 (0.35%), 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?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Marathon Nextgen Realty Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.167 Buy Candidate Upgraded
Predicted Opening Price for Marathon Nextgen Realty Limited of Monday, June 24, 2024
Fair opening price June 24, 2024 | Current price |
---|---|
₹597.05 ( 0.463%) | ₹594.30 |
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 | 615.90 | 3.63% |
R2 | 608.70 | 2.42% |
R1 | 604.25 | 1.67% |
Price | 594.30 | |
S1 | 589.85 | -0.749% |
S2 | 585.40 | -1.50% |
S3 | 578.20 | -2.71% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 605.05 | 1.81% |
R1 | 594.35 | 0.0084% |
Price | 594.30 | |
S1 | 592.20 | -0.353% |
S2 | 455.05 | -23.43% |
S3 | 454.45 | -23.53% |
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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