Metroglobal Limited Stock Forecast
Metroglobal Limited stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Metroglobal Limited stock price fell by -0.199% on the last day (Friday, 28th Jun 2024) from ₹150.55 to ₹150.25. During the last trading day the stock fluctuated 2.62% from a day low at ₹149.10 to a day high of ₹153.00. The price has risen in 6 of the last 10 days and is up by 7.02% over the past 2 weeks. 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 -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹477.19 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.31% during the next 3 months and, with a 90% probability hold a price between ₹139.17 and ₹165.80 at the end of this 3-month period.
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METROGLOBL.BO Signals & Forecast
The Metroglobal Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹154.36. On a fall, the stock will find some support from the long-term average at approximately ₹143.90. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 20, 2024, and so far it has fallen -6.06%. 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.
Support, Risk & Stop-loss for Metroglobal Limited stock
Metroglobal Limited finds support from accumulated volume at ₹145.50 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 ₹3.90 between high and low, or 2.62%. For the last week the stock has had daily average volatility of 4.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (METROGLOBL.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Metroglobal Limited to open at ₹150.78, and during the day (based on 14 day Average True Range), to move between ₹142.63 and ₹157.87, which gives a possible trading interval of +/-₹7.62 (+/-5.07%) up or down from last closing price. If Metroglobal Limited takes out the full calculated possible swing range there will be an estimated 10.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹145.50 (3.16%) than the resistance at ₹156.30 (4.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Metroglobal Limited stock A Buy?
Metroglobal 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.518 Sell Candidate Downgraded
Predicted Opening Price for Metroglobal Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₹150.78 ( 0.355%) | ₹150.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for METROGLOBL.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 154.68 | 2.95% |
R2 | 153.19 | 1.96% |
R1 | 152.27 | 1.35% |
Price | 150.25 | |
S1 | 149.29 | -0.637% |
S2 | 148.37 | -1.25% |
S3 | 146.88 | -2.24% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 159.95 | 6.46% |
R2 | 156.45 | 4.13% |
R1 | 156.30 | 4.03% |
Price | 150.25 | |
S1 | 145.50 | -3.16% |
S2 | 143.40 | -4.56% |
S3 | 140.00 | -6.82% |
METROGLOBL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 18, 2023 | Sep 18, 2023 | Oct 26, 2023 | ₹2.50 | 2.48% |
2 | Sep 07, 2022 | Sep 07, 2022 | Oct 15, 2022 | ₹2.00 | 2.33% |
3 | Sep 16, 2021 | Sep 16, 2021 | Oct 28, 2021 | ₹2.00 | 2.53% |
4 | Sep 19, 2013 | Sep 19, 2013 | Sep 19, 2013 | ₹2.00 | 6.58% |
5 | Sep 20, 2012 | Sep 20, 2012 | Sep 20, 2012 | ₹2.00 | 97.56% |
FAQ
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