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Mid East Portfolio Management Limited Stock Forecast

₹9.80
-0.0500 (-0.508%)
At Close: Jun 21, 2024
RSI low/high Values: [ 15 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MIDEASTP.BO
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Weaker technical forecast for Mid East Portfolio Management Limited as stock downgraded to Sell Candidate.
(Updated on Jun 21, 2024)

Sell candidate since Jun 21, 2024 PDF

The Mid East Portfolio Management Limited stock price fell by -0.508% on the last day (Friday, 21st Jun 2024) from ₹9.85 to ₹9.80. During the last trading day the stock fluctuated 9.94% from a day low at ₹9.36 to a day high of ₹10.29. The price has fallen in 7 of the last 10 days but is still up by 0.93% over the past 2 weeks. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 8 thousand shares were bought and sold for approximately ₹76.64 thousand.

The stock lies in the middle of a very 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 7.41% during the next 3 months and, with a 90% probability hold a price between ₹9.35 and ₹12.46 at the end of this 3-month period.

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MIDEASTP.BO Signals & Forecast

There are mixed signals in the stock today. The Mid East Portfolio Management Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹10.23. On a fall, the stock will find some support from the short-term average at ₹9.25. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Mid East Portfolio Management Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 13.29%. Further rise is indicated until a new top pivot has been found.

Support, Risk & Stop-loss for Mid East Portfolio Management Limited stock

Mid East Portfolio Management Limited finds support from accumulated volume at ₹9.47 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹0.93 between high and low, or 9.94%. For the last week, the stock has had daily average volatility of 4.74%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (MIDEASTP.BO) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Mid East Portfolio Management Limited to open at ₹9.82, and during the day (based on 14 day Average True Range), to move between ₹9.48 and ₹10.12, which gives a possible trading interval of +/-₹0.320 (+/-3.26%) up or down from last closing price. If Mid East Portfolio Management Limited takes out the full calculated possible swing range there will be an estimated 6.53% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹9.47 (3.37%) than the resistance at ₹10.97 (11.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Mid East Portfolio Management Limited stock A Buy?

Mid East Portfolio Management 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: -2.229 Sell Candidate Downgraded

Predicted Opening Price for Mid East Portfolio Management Limited of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
₹9.82 ( 0.170%) ₹9.80

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

Trading levels for MIDEASTP.BO

Fibonacci Support & Resistance Levels

Level Price
R3 10.75 9.66%
R2 10.39 6.03%
R1 10.17 3.80%
Price 9.80
S1 9.46 -3.46%
S2 9.24 -5.69%
S3 8.89 -9.32%

Accumulated Volume Support & Resistance Levels

Level Price
R3 11.21 14.39%
R2 11.01 12.35%
R1 10.97 11.94%
Price 9.80
S1 9.47 -3.37%
S2 9.15 -6.63%
S3 9.08 -7.35%

FAQ

What is the symbol for Mid East Portfolio Management Limited Stock and on which exchange is it traded?
The symbol for Mid East Portfolio Management Limited is MIDEASTP.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Mid East Portfolio Management Limited Stock?
Mid East Portfolio Management 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.

How to buy Mid East Portfolio Management Limited Stock?
Mid East Portfolio Management Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Mid East Portfolio Management Limited Stock.

What's the current price of Mid East Portfolio Management Limited Stock?
As of the end of day on the Jun 21, 2024, the price of an Mid East Portfolio Management Limited (MIDEASTP.BO) share was ₹9.80.

What is the 52-week high and low for Mid East Portfolio Management Limited Stock?
The 52-week high for Mid East Portfolio Management Limited Stock is ₹11.75 and the 52-week low is ₹3.10.

What is the market capitalization of Mid East Portfolio Management Limited Stock?
As of the Jun 21, 2024, the market capitalization of Mid East Portfolio Management Limited is 49.294M.
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