Maestros Electronics & Stock Forecast

Red day on Wednesday for Maestros Electronics & stock after losing 0%
(Updated on Jun 12, 2024)

METSL.BO Signals & Forecast

The Maestros Electronics & stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹153.99 and ₹157.26. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Tuesday, May 21, 2024, and so far it has fallen -12.47%. 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).

Support, Risk & Stop-loss for Maestros Electronics & stock

Maestros Electronics & finds support from accumulated volume at ₹151.05 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹0.550 between high and low, or 0.350%. For the last week, the stock has had daily average volatility of 0.82%.

Our recommended stop-loss: ₹147.50 (-6.38%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 58 days ago.)

Trading Expectations (METSL.BO) For The Upcoming Trading Day Of Thursday 13th

For the upcoming trading day on Thursday, 13th we expect Maestros Electronics & Telecommunications Systems Limited to open at ₹157.37, and during the day (based on 14 day Average True Range), to move between ₹151.94 and ₹163.16, which gives a possible trading interval of +/-₹5.61 (+/-3.56%) up or down from last closing price. If Maestros Electronics & Telecommunications Systems Limited takes out the full calculated possible swing range there will be an estimated 7.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹160.60 (1.94%) than the support at ₹151.05 (4.13%), 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 Maestros Electronics & Telecommunications Systems Limited stock A Buy?

Maestros Electronics & holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.013 Hold/Accumulate Unchanged

Predicted Opening Price for Maestros Electronics & Telecommunications Systems Limited of Thursday, June 13, 2024

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