RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of MMTC.NS
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MMTC Limited stock downgraded from Hold/Accumulate to Sell Candidate after Thursday trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The MMTC Limited stock price gained 0.226% on the last trading day (Thursday, 28th Mar 2024), rising from ₹66.30 to ₹66.45. During the last trading day the stock fluctuated 4.69% from a day low at ₹66.15 to a day high of ₹69.25. The price has been going up and down for this period, and there has been a 0.45% gain for the last 2 weeks. Volume fell on the last day by -842 thousand shares and in total, 2 million shares were bought and sold for approximately ₹142.55 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹63.30 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.50% during the next 3 months and, with a 90% probability hold a price between ₹66.15 and ₹105.71 at the end of this 3-month period.

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MMTC.NS Signals & Forecast

There are mixed signals in the stock today. The MMTC 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 ₹75.80. On a fall, the stock will find some support from the short-term average at ₹65.18. 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). A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 5.56%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for MMTC Limited stock

MMTC Limited finds support from accumulated volume at ₹66.20 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 ₹3.10 between high and low, or 4.69%. For the last week, the stock has had daily average volatility of 4.50%.

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

Trading Expectations (MMTC.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect MMTC Limited to open at ₹67.28, and during the day (based on 14 day Average True Range), to move between ₹62.45 and ₹70.45, which gives a possible trading interval of +/-₹4.00 (+/-6.02%) up or down from last closing price. If MMTC Limited takes out the full calculated possible swing range there will be an estimated 12.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹66.20 (0.38%) than the resistance at ₹67.05 (0.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is MMTC Limited stock A Buy?

MMTC 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: -1.324 Sell Candidate Downgraded

Predicted Opening Price for MMTC Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹67.28 ( 1.25%) ₹66.45

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

Trading levels for MMTC.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 70.38 5.92 %
R2 69.20 4.14 %
R1 68.47 3.04 %
Current price: 66.45
Support S1 66.10 -0.528 %
S2 65.37 -1.63 %
S3 64.18 -3.41 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 80.75 21.52 %
R2 74.90 12.72 %
R1 67.05 0.90 %
Current price 66.45
Support S1 66.20 -0.376%
S2 64.70 -2.63%
S3 63.70 -4.14%

MMTC Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 30, 2019 Sep 19, 2019 Oct 29, 2019 ₹0.300 1.63%
2 May 29, 2018 Sep 12, 2018 Oct 27, 2018 ₹0.200 0.739%
3 May 29, 2017 Sep 14, 2017 Oct 26, 2017 ₹0.200 0.485%
4 May 27, 2016 Sep 15, 2016 Oct 28, 2016 ₹0.200 0.638%
5 May 21, 2015 Sep 16, 2015 Oct 29, 2015 ₹0.167 0.563%

FAQ

What is the symbol for MMTC Limited Stock and on which exchange is it traded?
The symbol for MMTC Limited is MMTC.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell MMTC Limited Stock?
MMTC 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 MMTC Limited Stock?
MMTC 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 MMTC Limited Stock.

What's the current price of MMTC Limited Stock?
As of the end of day on the 2024-03-28, the price of an MMTC Limited (MMTC.NS) share was ₹66.45.

What is the 52-week high and low for MMTC Limited Stock?
The 52-week high for MMTC Limited Stock is ₹101.90 and the 52-week low is ₹26.30.

What is the market capitalization of MMTC Limited Stock?
As of the 2024-03-28, the market capitalization of MMTC Limited is 99.675B.

When is the next earnings date for MMTC Limited?
The upcoming earnings date for MMTC Limited is May 28, 2024.
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About MMTC Limited

MMTC Limited MMTC Limited operates as a trading company in Asia, Europe, Africa, the Middle East, Latin America, and North America. It exports mineral products, such as chrome ore, chrome concentrate, manganese ore, bentonite, bentonite power, bauxite, feldspar, quartz, sandstone, granite, mica flakes, and other products. The company also imports and exports gold, silver, platinum, palladium, rough diamonds, emeralds, rubies, and other semi-precious stones; a... MMTC.NS Profile

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