Maximus International Limited Stock Forecast
Red day on Wednesday for Maximus International Limited stock after losing 0.150%
(Updated on Apr 24, 2024)
The Maximus International Limited stock price fell by -0.150% on the last day (Wednesday, 24th Apr 2024) from ₹19.96 to ₹19.93. During the last trading day the stock fluctuated 2.17% from a day low at ₹19.80 to a day high of ₹20.23. The price has fallen in 8 of the last 10 days and is down by -10.39% for this period. 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 -17 thousand shares and in total, 69 thousand shares were bought and sold for approximately ₹1.38 million.
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. Given the current short-term trend, the stock is expected to fall -21.40% during the next 3 months and, with a 90% probability hold a price between ₹12.48 and ₹18.53 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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MAXIMUS.BO Signals & Forecast
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. The Maximus International 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 ₹20.00 and ₹21.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -10.39%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Thursday, September 07, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, September 07, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Wednesday, March 27, 2024 and based on theory for this formation the price should go up by 0.380% to ₹20.01 within 9 trading days since signal was issued (Thursday, April 25, 2024).
Support, Risk & Stop-loss for Maximus International Limited stock
Maximus International Limited finds support from accumulated volume at ₹19.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.430 between high and low, or 2.17%. For the last week the stock has had daily average volatility of 3.89%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MAXIMUS.BO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Maximus International Limited to open at ₹19.99, and during the day (based on 14 day Average True Range), to move between ₹18.47 and ₹21.39, which gives a possible trading interval of +/-₹1.46 (+/-7.33%) up or down from last closing price. If Maximus International Limited takes out the full calculated possible swing range there will be an estimated 14.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹19.64 (1.46%) than the resistance at ₹20.44 (2.56%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Maximus International Limited stock A Buy?
Maximus International Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.119 Sell Candidate Unchanged
Predicted Opening Price for Maximus International Limited of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| ₹19.99 ( 0.284%) | ₹19.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAXIMUS.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.42 | 2.44 % | |
| R2 | 20.25 | 1.62 % | ||
| R1 | 20.15 | 1.11 % | ||
| Current price: | 19.93 | |||
| Support | S1 | 19.82 | -0.540 % | |
| S2 | 19.72 | -1.05 % | ||
| S3 | 19.56 | -1.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.85 | 19.67 % | |
| R2 | 23.60 | 18.41 % | ||
| R1 | 20.44 | 2.56 % | ||
| Current price | 19.93 | |||
| Support | S1 | 19.64 | -1.46% | |
| S2 | 18.77 | -5.82% | ||
| S3 | 18.69 | -6.22% |
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