Mask Investments Limited Stock Forecast

Mask Investments Limited stock downgraded from Strong Buy Candidate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)

MASKINVEST.NS Signals & Forecast

The Mask Investments 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 ₹87.40 and ₹81.45. 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 Thursday, June 27, 2024, and so far it has fallen -0.88%. Further fall is indicated until a new bottom pivot has been found. Mask Investments Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Mask Investments Limited stock

Mask Investments Limited finds support from accumulated volume at ₹88.20 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 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 ₹3.61 between high and low, or 4.05%. For the last week, the stock has had daily average volatility of 6.12%.

Our recommended stop-loss: ₹87.82 (-2.60%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (MASKINVEST.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Mask Investments Limited to open at ₹90.66, and during the day (based on 14 day Average True Range), to move between ₹85.80 and ₹94.52, which gives a possible trading interval of +/-₹4.36 (+/-4.84%) up or down from last closing price. If Mask Investments Limited takes out the full calculated possible swing range there will be an estimated 9.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹90.96 (0.89%) than the support at ₹88.20 (2.17%), 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 Mask Investments Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Mask Investments Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.403 Buy Candidate Downgraded

Predicted Opening Price for Mask Investments Limited of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.