Murudeshwar Ceramics Limited Stock Forecast
Green day on Friday for Murudeshwar Ceramics Limited stock after gaining 1.65%
(Updated on May 17, 2024)
The Murudeshwar Ceramics Limited stock price gained 1.65% on the last trading day (Friday, 17th May 2024), rising from ₹48.35 to ₹49.15. During the last trading day the stock fluctuated 1.96% from a day low at ₹48.55 to a day high of ₹49.50. The price has fallen in 6 of the last 10 days and is down by -3.34% for this period. Volume fell on the last day by -14 thousand shares and in total, 29 thousand shares were bought and sold for approximately ₹1.42 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 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 -7.63% during the next 3 months and, with a 90% probability hold a price between ₹37.07 and ₹49.02 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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MURUDCERA.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Murudeshwar Ceramics 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 ₹50.35. On a fall, the stock will find some support from the short-term average at ₹48.87. 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 Monday, April 29, 2024, and so far it has fallen -9.15%. 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 also not.
Support, Risk & Stop-loss for Murudeshwar Ceramics Limited stock
Murudeshwar Ceramics Limited finds support from accumulated volume at ₹48.75 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 ₹0.95 between high and low, or 1.96%. For the last week the stock has had daily average volatility of 3.59%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MURUDCERA.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Murudeshwar Ceramics Limited to open at ₹49.07, and during the day (based on 14 day Average True Range), to move between ₹46.98 and ₹51.32, which gives a possible trading interval of +/-₹2.17 (+/-4.41%) up or down from last closing price. If Murudeshwar Ceramics Limited takes out the full calculated possible swing range there will be an estimated 8.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹48.75 (0.81%) than the resistance at ₹51.55 (4.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Murudeshwar Ceramics Limited stock A Buy?
Murudeshwar Ceramics 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: -3.865 Sell Candidate Unchanged
Predicted Opening Price for Murudeshwar Ceramics Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹49.07 ( 0.170%) | ₹49.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MURUDCERA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.02 | 1.76 % | |
| R2 | 49.65 | 1.02 % | ||
| R1 | 49.43 | 0.569 % | ||
| Current price: | 49.15 | |||
| Support | S1 | 48.70 | -0.91 % | |
| S2 | 48.48 | -1.36 % | ||
| S3 | 48.12 | -2.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.95 | 19.94 % | |
| R2 | 54.10 | 10.07 % | ||
| R1 | 51.55 | 4.88 % | ||
| Current price | 49.15 | |||
| Support | S1 | 48.75 | -0.81% | |
| S2 | 46.40 | -5.60% | ||
| S3 | 43.35 | -11.80% |
MURUDCERA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 27, 2009 | Sep 14, 2009 | Oct 23, 2009 | ₹0.455 | 1.78% |
| 2 | Jun 29, 2008 | Sep 17, 2008 | Oct 25, 2008 | ₹0.91 | 4.56% |
| 3 | Jun 23, 2007 | Sep 18, 2007 | Oct 25, 2007 | ₹1.52 | 1.69% |
| 4 | Jul 28, 2006 | Sep 18, 2006 | Oct 05, 2006 | ₹1.52 | 2.08% |
| 5 | Jun 27, 2005 | Sep 16, 2005 | Oct 05, 2005 | ₹1.14 | 1.25% |
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