Mirza International Limited Stock Forecast
Red day on Tuesday for Mirza International Limited
(Updated on Jun 25, 2024)
The Mirza International Limited stock price fell by -1.00% on the last day (Tuesday, 25th Jun 2024) from ₹45.21 to ₹44.76. During the last trading day the stock fluctuated 3.29% from a day low at ₹44.65 to a day high of ₹46.12. The price has been going up and down for this period, and there has been a 4.04% gain for the last 2 weeks. Volume has increased on the last day by 33 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, 59 thousand shares were bought and sold for approximately ₹2.66 million.
The stock lies in the middle of a 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 -5.37% during the next 3 months and, with a 90% probability hold a price between ₹38.02 and ₹43.77 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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MIRZAINT.BO Signals & Forecast
The Mirza International Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹44.74 and ₹44.28. A breakdown below any of these levels will issue sell signals. 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 Friday, June 21, 2024, and so far it has fallen -2.44%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Mirza International Limited stock
Mirza International Limited finds support from accumulated volume at ₹44.49 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 ₹1.47 between high and low, or 3.29%. For the last week, the stock has had daily average volatility of 3.39%.
Our recommended stop-loss: ₹43.52 (-2.77%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (MIRZAINT.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Mirza International Limited to open at ₹45.18, and during the day (based on 14 day Average True Range), to move between ₹43.20 and ₹46.32, which gives a possible trading interval of +/-₹1.56 (+/-3.48%) up or down from last closing price. If Mirza International Limited takes out the full calculated possible swing range there will be an estimated 6.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹44.91 (0.34%) than the support at ₹44.49 (0.60%), 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 Mirza International Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.437 Buy Candidate Unchanged
Predicted Opening Price for Mirza International Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹45.18 ( 0.93%) | ₹44.76 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIRZAINT.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.65 | 4.22% |
| R2 | 46.09 | 2.96% |
| R1 | 45.74 | 2.19% |
| Price | 44.76 | |
| S1 | 44.62 | -0.324% |
| S2 | 44.27 | -1.10% |
| S3 | 43.71 | -2.35% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.86 | 6.93% |
| R2 | 45.88 | 2.50% |
| R1 | 44.91 | 0.335% |
| Price | 44.76 | |
| S1 | 44.49 | -0.603% |
| S2 | 43.03 | -3.87% |
| S3 | 41.12 | -8.13% |
MIRZAINT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 18, 2020 | Feb 18, 2020 | Mar 03, 2020 | ₹0.90 | 1.65% |
| 2 | Sep 09, 2019 | Sep 09, 2019 | Oct 19, 2019 | ₹0.90 | 1.65% |
| 3 | Sep 20, 2017 | Sep 20, 2017 | Oct 28, 2017 | ₹0.90 | 0.566% |
| 4 | Sep 21, 2016 | Sep 21, 2016 | Sep 21, 2016 | ₹0.500 | 0.557% |
| 5 | Sep 21, 2015 | Sep 21, 2015 | Sep 21, 2015 | ₹0.500 | 0.448% |
FAQ
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