Mold-Tek Packaging Limited Stock Forecast
Evaluation of Mold-Tek Packaging Limited stock downgraded after the last trading session.
(Updated on Jul 03, 2024)
The Mold-Tek Packaging Limited stock price fell by -1.01% on the last day (Wednesday, 3rd Jul 2024) from ₹812.80 to ₹804.60. During the last trading day the stock fluctuated 2.03% from a day low at ₹802.00 to a day high of ₹818.30. The price has risen in 6 of the last 10 days and is up by 1.59% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 thousand shares and in total, 25 thousand shares were bought and sold for approximately ₹20.20 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₹804.09, a level that may pose a second chance to hit a runner. According to fan-theory ₹897.09 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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MOLDTKPAC.NS Signals & Forecast
The Mold-Tek Packaging 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 ₹802.41 and ₹788.29. 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 Thursday, June 13, 2024, and so far it has fallen -2.09%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Mold-Tek Packaging Limited stock
Mold-Tek Packaging Limited finds support from accumulated volume at ₹792.45 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 ₹16.30 between high and low, or 2.03%. For the last week, the stock has had daily average volatility of 2.22%.
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 Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Mold-Tek Packaging Limited to open at ₹808.30, and during the day (based on 14 day Average True Range), to move between ₹783.26 and ₹825.94, which gives a possible trading interval of +/-₹21.34 (+/-2.65%) 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 5.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹792.45 (1.51%) than the resistance at ₹847.45 (5.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. 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: -2.123 Sell Candidate Downgraded
Predicted Opening Price for Mold-Tek Packaging Limited of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| ₹808.30 ( 0.460%) | ₹804.60 |
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 | |
|---|---|---|
| R3 | 824.60 | 2.49% |
| R2 | 818.37 | 1.71% |
| R1 | 814.53 | 1.23% |
| Price | 804.60 | |
| S1 | 802.07 | -0.314% |
| S2 | 798.23 | -0.792% |
| S3 | 792.00 | -1.57% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 877.25 | 9.03% |
| R2 | 872.70 | 8.46% |
| R1 | 847.45 | 5.33% |
| Price | 804.60 | |
| S1 | 792.45 | -1.51% |
| S2 | 743.05 | -7.65% |
| S3 | 736.90 | -8.41% |
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 | Sep 18, 2023 | Sep 18, 2023 | Oct 26, 2023 | ₹2.00 | 0.228% |
| 3 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | ₹4.00 | 0.439% |
| 4 | Sep 22, 2022 | Sep 22, 2022 | Sep 22, 2022 | ₹2.00 | 0.201% |
| 5 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | ₹6.00 | 0.756% |
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