MT Educare Limited Stock Forecast
MT Educare Limited stock price ended at ₹3.37 on Wednesday, after gaining 1.51%.
(Updated on Jun 26, 2024)
The MT Educare Limited stock price gained 1.51% on the last trading day (Wednesday, 26th Jun 2024), rising from ₹3.32 to ₹3.37. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.76% from a day low at ₹3.22 to a day high of ₹3.47. The price has risen in 6 of the last 10 days and is up by 7.67% over the past 2 weeks. Volume fell on the last day by -95 thousand shares and in total, 24 thousand shares were bought and sold for approximately ₹79.37 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 stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹3.40 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.99% during the next 3 months and, with a 90% probability hold a price between ₹2.73 and ₹3.20 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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MTEDUCARE.NS Signals & Forecast
The MT Educare 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 ₹3.25 and ₹3.21. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 14.24%. Further rise is indicated until a new top pivot has been found. 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. 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 ₹3.35 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.250 between high and low, or 7.76%. For the last week the stock has had daily average volatility of 5.76%.
The MT Educare Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₹3.28 (-2.58%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 96 and this increases the risk substantially. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (MTEDUCARE.NS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect MT Educare Limited to open at ₹3.35, and during the day (based on 14 day Average True Range), to move between ₹3.20 and ₹3.54, which gives a possible trading interval of +/-₹0.173 (+/-5.12%) up or down from last closing price. If MT Educare Limited takes out the full calculated possible swing range there will be an estimated 10.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹3.35 (0.59%) than the resistance at ₹3.40 (0.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is MT Educare 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: 2.517 Buy Candidate Unchanged
Predicted Opening Price for MT Educare Limited of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
₹3.35 ( 0.495%) | ₹3.37 |
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 | |
---|---|---|
R3 | 3.60 | 6.92% |
R2 | 3.51 | 4.09% |
R1 | 3.45 | 2.34% |
Price | 3.37 | |
S1 | 3.26 | -3.33% |
S2 | 3.20 | -5.08% |
S3 | 3.10 | -7.91% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.55 | 5.34% |
R2 | 3.50 | 3.86% |
R1 | 3.40 | 0.89% |
Price | 3.37 | |
S1 | 3.35 | -0.593% |
S2 | 3.25 | -3.56% |
S3 | 2.90 | -13.95% |
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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