Mauria Udyog Limited Stock Forecast
Big movements in Mauria Udyog Limited stock price on Tuesday moving 12.15% between high and low
(Updated on May 07, 2024)
The Mauria Udyog Limited stock price fell by -4.94% on the last day (Tuesday, 7th May 2024) from ₹9.72 to ₹9.24. During the last trading day the stock fluctuated 12.15% from a day low at ₹8.81 to a day high of ₹9.88. The price has fallen in 6 of the last 10 days and is down by -5.71% for this period. Volume has increased on the last day by 54 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 72 thousand shares were bought and sold for approximately ₹668.78 thousand.
The stock lies in the middle of a very 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 -13.73% during the next 3 months and, with a 90% probability hold a price between ₹5.86 and ₹9.23 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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MUL.BO Signals & Forecast
There are few to no technical positive signals at the moment. The Mauria Udyog Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹9.71 and ₹9.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -17.35%. 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). Mauria Udyog Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Mauria Udyog Limited stock
Mauria Udyog Limited finds support from accumulated volume at ₹8.81 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 ₹1.07 between high and low, or 12.15%. For the last week, the stock has had daily average volatility of 6.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MUL.BO) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Mauria Udyog Limited to open at ₹9.31, and during the day (based on 14 day Average True Range), to move between ₹8.48 and ₹10.00, which gives a possible trading interval of +/-₹0.756 (+/-8.18%) up or down from last closing price. If Mauria Udyog Limited takes out the full calculated possible swing range there will be an estimated 16.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹8.81 (4.65%) than the resistance at ₹11.02 (19.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mauria Udyog Limited stock A Buy?
Mauria Udyog 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: -4.522 Sell Candidate Unchanged
Predicted Opening Price for Mauria Udyog Limited of Wednesday, May 8, 2024
Fair opening price May 8, 2024 | Current price |
---|---|
₹9.31 ( 0.758%) | ₹9.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MUL.BO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 10.38 | 12.34 % | |
R2 | 9.97 | 7.91 % | ||
R1 | 9.72 | 5.18 % | ||
Current price: | 9.24 | |||
Support | S1 | 8.90 | -3.67 % | |
S2 | 8.65 | -6.40 % | ||
S3 | 8.24 | -10.82 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 11.50 | 24.46 % | |
R2 | 11.03 | 19.37 % | ||
R1 | 11.02 | 19.26 % | ||
Current price | 9.24 | |||
Support | S1 | 8.81 | -4.65% | |
S2 | 8.04 | -12.99% | ||
S3 | 8.02 | -13.20% |
FAQ
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