MT Educare Limited Stock Forecast
MT Educare Limited stock price up 1.54% on Friday
(Updated on May 17, 2024)
The MT Educare Limited stock price gained 1.54% on the last trading day (Friday, 17th May 2024), rising from ₹3.25 to ₹3.30. During the last trading day the stock fluctuated 4.76% from a day low at ₹3.15 to a day high of ₹3.30. The price has fallen in 4 of the last 10 days and is down by -1.49% for this period. Volume fell on the last day by -7 thousand shares and in total, 7 thousand shares were bought and sold for approximately ₹23.23 thousand. 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 stockhas broken the very 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 ₹3.28, a level that may pose a second chance to hit a runner. According to fan-theory ₹4.03 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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MTEDUCARE.NS Signals & Forecast
There are few to no technical positive signals at the moment. The MT Educare 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 ₹3.35. On a fall, the stock will find some support from the short-term average at ₹3.26. 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. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -8.33%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for MT Educare Limited stock
MT Educare Limited finds support from accumulated volume at ₹3.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved ₹0.150 between high and low, or 4.76%. For the last week the stock has had daily average volatility of 4.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MTEDUCARE.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect MT Educare Limited to open at ₹3.25, and during the day (based on 14 day Average True Range), to move between ₹3.16 and ₹3.44, which gives a possible trading interval of +/-₹0.145 (+/-4.39%) up or down from last closing price. If MT Educare Limited takes out the full calculated possible swing range there will be an estimated 8.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹3.25 (1.52%) than the resistance at ₹3.35 (1.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
MT Educare Limited will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for MT Educare Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.73% in the first trading day after earnings release.
Is MT Educare Limited stock A Buy?
MT Educare Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.877 Sell Candidate Unchanged
Predicted Opening Price for MT Educare Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹3.25 ( 1.52%) | ₹3.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MTEDUCARE.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.40 | 3.03 % | |
| R2 | 3.34 | 1.29 % | ||
| R1 | 3.31 | 0.221 % | ||
| Current price: | 3.30 | |||
| Support | S1 | 3.19 | -3.25 % | |
| S2 | 3.16 | -4.32 % | ||
| S3 | 3.10 | -6.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.55 | 7.58 % | |
| R2 | 3.40 | 3.03 % | ||
| R1 | 3.35 | 1.52 % | ||
| Current price | 3.30 | |||
| Support | S1 | 3.25 | -1.52% | |
| S2 | 3.05 | -7.58% | ||
| S3 | 2.90 | -12.12% |
MTEDUCARE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 18, 2016 | Sep 20, 2016 | Oct 28, 2016 | ₹1.40 | 1.02% |
| 2 | Nov 06, 2015 | Nov 16, 2015 | Nov 24, 2015 | ₹0.600 | 0.424% |
| 3 | May 14, 2015 | Jul 30, 2015 | Sep 06, 2015 | ₹2.05 | 1.63% |
| 4 | Nov 05, 2014 | Nov 20, 2014 | Dec 02, 2014 | ₹0.600 | 0.467% |
| 5 | May 02, 2014 | May 22, 2014 | May 30, 2014 | ₹1.25 | 1.25% |
FAQ
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