Max Healthcare Institute Limit Stock Forecast

Stronger technical forecast for Max Healthcare Institute Limit stock price after Friday trading.
(Updated on May 31, 2024)

MAXHEALTH.BO Signals & Forecast

There are few to no technical positive signals at the moment. The Max Healthcare Institute Limit 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 ₹787.02 and ₹809.28. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -11.32%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Max Healthcare Institute Limit stock

Max Healthcare Institute Limit finds support from accumulated volume at ₹747.55 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 ₹41.95 (5.65%) between high and low. For the last week, the stock has had daily average volatility of 3.58%.

Our recommended stop-loss: ₹715.45 (-4.89%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (MAXHEALTH.BO) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Max Healthcare Institute Limit to open at ₹760.05, and during the day (based on 14 day Average True Range), to move between ₹722.30 and ₹782.10, which gives a possible trading interval of +/-₹29.90 (+/-3.97%) up or down from last closing price. If Max Healthcare Institute Limit takes out the full calculated possible swing range there will be an estimated 7.95% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹747.55 (0.62%) than the resistance at ₹775.80 (3.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Max Healthcare Institute Limit stock A Buy?

Max Healthcare Institute Limit 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: -0.976 Hold/Accumulate Upgraded

Predicted Opening Price for Max Healthcare Institute Limit of Monday, June 3, 2024

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