Mold-Tek Packaging Limited Stock Forecast
Green day on Thursday for Mold-Tek Packaging Limited stock after gaining 0.90%
(Updated on May 16, 2024)
The Mold-Tek Packaging Limited stock price gained 0.90% on the last trading day (Thursday, 16th May 2024), rising from ₹795.95 to ₹803.15. During the last trading day the stock fluctuated 1.58% from a day low at ₹795.95 to a day high of ₹808.50. The price has fallen in 6 of the last 10 days and is down by -5.17% for this period. Volume fell on the last day by -17 thousand shares and in total, 21 thousand shares were bought and sold for approximately ₹16.51 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 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 -3.47% during the next 3 months and, with a 90% probability hold a price between ₹718.36 and ₹833.10 at the end of this 3-month period.
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MOLDTKPAC.NS Signals & Forecast
There are mixed signals in the stock today. The Mold-Tek Packaging 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 ₹833.11. On a fall, the stock will find some support from the short-term average at ₹799.22. 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 Monday, May 13, 2024, and so far it has risen 1.35%. 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 Mold-Tek Packaging Limited stock
Mold-Tek Packaging Limited finds support from accumulated volume at ₹782.60 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 ₹12.55 between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MOLDTKPAC.NS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Mold-Tek Packaging Limited to open at ₹802.53, and during the day (based on 14 day Average True Range), to move between ₹781.91 and ₹824.39, which gives a possible trading interval of +/-₹21.24 (+/-2.64%) up or down from last closing price. If Mold-Tek Packaging Limited takes out the full calculated possible swing range there will be an estimated 5.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹808.30 (0.64%) than the support at ₹782.60 (2.56%), 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 Mold-Tek Packaging Limited stock A Buy?
Mold-Tek Packaging 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.
Current score: -2.721 Sell Candidate Unchanged
Predicted Opening Price for Mold-Tek Packaging Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ₹802.53 ( 0.0768%) | ₹803.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOLDTKPAC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 815.08 | 1.49 % | |
| R2 | 810.29 | 0.89 % | ||
| R1 | 807.33 | 0.520 % | ||
| Current price: | 803.15 | |||
| Support | S1 | 797.74 | -0.674 % | |
| S2 | 794.78 | -1.04 % | ||
| S3 | 789.98 | -1.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 843.95 | 5.08 % | |
| R2 | 839.65 | 4.54 % | ||
| R1 | 808.30 | 0.641 % | ||
| Current price | 803.15 | |||
| Support | S1 | 782.60 | -2.56% | |
| S2 | 776.20 | -3.36% | ||
| S3 | 765.75 | -4.66% |
MOLDTKPAC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | May 02, 2024 | ₹2.00 | 0.236% |
| 2 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | ₹4.00 | 0.439% |
| 3 | Sep 22, 2022 | Sep 22, 2022 | Sep 22, 2022 | ₹2.00 | 0.201% |
| 4 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₹6.00 | 0.756% |
| 5 | Sep 22, 2021 | Sep 22, 2021 | Sep 22, 2021 | ₹4.00 | 0.726% |
FAQ
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