MAS Financial Services Limited Stock Forecast
MAS Financial Services Limited stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Apr 16, 2024)
The MAS Financial Services Limited stock price gained 0.209% on the last trading day (Tuesday, 16th Apr 2024), rising from ₹286.90 to ₹287.50. During the last trading day the stock fluctuated 2.30% from a day low at ₹286.65 to a day high of ₹293.25. The price has been going up and down for this period, and there has been a -2.51% loss for the last 2 weeks. Volume fell on the last day by -68 thousand shares and in total, 135 thousand shares were bought and sold for approximately ₹38.84 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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.
MASFIN.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 3.53%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The MAS Financial Services 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 ₹294.76 and ₹298.37. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for MAS Financial Services Limited stock
MAS Financial Services Limited finds support from accumulated volume at ₹285.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹6.60 (2.30%) between high and low. For the last week, the stock has had daily average volatility of 2.46%.
Our recommended stop-loss: ₹272.38 (-5.26%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (MASFIN.NS) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect MAS Financial Services Limited to open at ₹289.13, and during the day (based on 14 day Average True Range), to move between ₹272.85 and ₹302.15, which gives a possible trading interval of +/-₹14.65 (+/-5.09%) up or down from last closing price. If MAS Financial Services Limited takes out the full calculated possible swing range there will be an estimated 10.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹285.95 (0.54%) than the resistance at ₹297.20 (3.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MAS Financial Services Limited stock A Buy?
MAS Financial Services Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.456 Hold/Accumulate Upgraded
Predicted Opening Price for MAS Financial Services Limited of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| ₹289.13 ( 0.568%) | ₹287.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MASFIN.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 295.73 | 2.86 % | |
| R2 | 293.21 | 1.99 % | ||
| R1 | 291.65 | 1.45 % | ||
| Current price: | 287.50 | |||
| Support | S1 | 286.61 | -0.309 % | |
| S2 | 285.05 | -0.85 % | ||
| S3 | 282.53 | -1.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 338.35 | 17.69 % | |
| R2 | 331.30 | 15.23 % | ||
| R1 | 297.20 | 3.37 % | ||
| Current price | 287.50 | |||
| Support | S1 | 285.95 | -0.539% | |
| S2 | 283.35 | -1.44% | ||
| S3 | 277.70 | -3.41% |
MASFIN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 23, 2024 | Jan 23, 2024 | Jan 31, 2024 | ₹3.00 | 0.90% |
| 2 | Jan 22, 2024 | Jan 22, 2024 | Feb 09, 2024 | ₹3.00 | 0.90% |
| 3 | Jul 19, 2023 | Jul 19, 2023 | Jul 19, 2023 | ₹1.85 | 0.719% |
| 4 | Feb 10, 2023 | Feb 10, 2023 | Feb 10, 2023 | ₹1.80 | 0.648% |
| 5 | Aug 12, 2022 | Aug 12, 2022 | Aug 12, 2022 | ₹1.75 | 0.83% |
FAQ
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