MEP Infrastructure Developers Limited Stock Forecast
Red day on Friday for MEP Infrastructure Developers Limited
(Updated on May 31, 2024)
No changes to the price of MEP Infrastructure Developers Limited stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 8.00% from a day low at ₹7.50 to a day high of ₹8.10. The price has been going up and down for this period, and there has been a -3.09% loss for the last 2 weeks.
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 -40.75% during the next 3 months and, with a 90% probability hold a price between ₹3.16 and ₹5.30 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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MEP.NS Signals & Forecast
There are mixed signals in the stock today. The MEP Infrastructure Developers 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 ₹7.99 and ₹8.29. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 0.641%. 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).
Support, Risk & Stop-loss for MEP Infrastructure Developers Limited stock
MEP Infrastructure Developers Limited finds support from accumulated volume at ₹7.80 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 ₹0.600 between high and low, or 8.00%. For the last week the stock has had daily average volatility of 5.72%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MEP.NS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect MEP Infrastructure Developers Limited to open at ₹7.82, and during the day (based on 14 day Average True Range), to move between ₹7.40 and ₹8.30, which gives a possible trading interval of +/-₹0.450 (+/-5.74%) up or down from last closing price. If MEP Infrastructure Developers Limited takes out the full calculated possible swing range there will be an estimated 11.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹7.80 (0.64%) than the resistance at ₹8.15 (3.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MEP Infrastructure Developers Limited stock A Buy?
MEP Infrastructure Developers Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.557 Sell Candidate Unchanged
Predicted Opening Price for MEP Infrastructure Developers Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹7.82 ( 0.425%) | ₹7.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MEP.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.42 | 7.22 % | |
| R2 | 8.19 | 4.30 % | ||
| R1 | 8.05 | 2.50 % | ||
| Current price: | 7.85 | |||
| Support | S1 | 7.59 | -3.34 % | |
| S2 | 7.45 | -5.15 % | ||
| S3 | 7.22 | -8.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.55 | 8.92 % | |
| R2 | 8.25 | 5.10 % | ||
| R1 | 8.15 | 3.82 % | ||
| Current price | 7.85 | |||
| Support | S1 | 7.80 | -0.637% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
MEP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2019 | Aug 29, 2019 | Aug 31, 2019 | ₹0.300 | 1.05% |
| 2 | Aug 01, 2019 | Aug 01, 2019 | Aug 01, 2019 | ₹0.300 | 0.93% |
| 3 | Jul 24, 2019 | Jul 24, 2019 | Jul 24, 2019 | ₹0.300 | 0.93% |
| 4 | Jul 25, 2018 | Jul 25, 2018 | Jul 25, 2018 | ₹0.300 | 0.513% |
| 5 | May 25, 2017 | Jul 19, 2017 | Aug 25, 2017 | ₹0.150 | 0.130% |
FAQ
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