Muthoot Capital Services Ltd Stock Forecast
Muthoot Capital Services Ltd stock price ended at ₹296.75 on Thursday, after losing 0.403%.
(Updated on May 16, 2024)
The Muthoot Capital Services Ltd stock price fell by -0.403% on the last day (Thursday, 16th May 2024) from ₹297.95 to ₹296.75. During the last trading day the stock fluctuated 3.77% from a day low at ₹295.80 to a day high of ₹306.95. The price has been going up and down for this period, and there has been a -5.87% loss for the last 2 weeks. Volume has increased on the last day by 950 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, 11 thousand shares were bought and sold for approximately ₹3.35 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Muthoot Capital Services Ltd stock with a 90% probability to be traded between ₹261.50 and ₹311.73 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MUTHOOTCAP.NS Signals & Forecast
There are mixed signals in the stock today. The Muthoot Capital Services Ltd 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 ₹304.20. On a fall, the stock will find some support from the short-term average at ₹295.76. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 4.73%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Muthoot Capital Services Ltd stock
Muthoot Capital Services Ltd finds support from accumulated volume at ₹287.40 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 ₹11.15 between high and low, or 3.77%. For the last week, the stock has had daily average volatility of 4.25%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MUTHOOTCAP.NS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Muthoot Capital Services Ltd to open at ₹299.83, and during the day (based on 14 day Average True Range), to move between ₹284.94 and ₹308.56, which gives a possible trading interval of +/-₹11.81 (+/-3.98%) up or down from last closing price. If Muthoot Capital Services Ltd takes out the full calculated possible swing range there will be an estimated 7.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹287.40 (3.15%) than the resistance at ₹306.85 (3.40%), 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
Muthoot Capital Services Ltd will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Muthoot Capital Services Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.64% in the first trading day after earnings release.
Is Muthoot Capital Services Ltd stock A Buy?
Muthoot Capital Services Ltd 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.
Current score: -2.074 Sell Candidate Unchanged
Predicted Opening Price for Muthoot Capital Services Ltd of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ₹299.83 ( 1.04%) | ₹296.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MUTHOOTCAP.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 310.98 | 4.80 % | |
| R2 | 306.72 | 3.36 % | ||
| R1 | 304.09 | 2.47 % | ||
| Current price: | 296.75 | |||
| Support | S1 | 295.57 | -0.396 % | |
| S2 | 292.94 | -1.28 % | ||
| S3 | 288.68 | -2.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 324.90 | 9.49 % | |
| R2 | 316.25 | 6.57 % | ||
| R1 | 306.85 | 3.40 % | ||
| Current price | 296.75 | |||
| Support | S1 | 287.40 | -3.15% | |
| S2 | 282.00 | -4.97% | ||
| S3 | 268.50 | -9.52% |
MUTHOOTCAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2016 | Mar 17, 2016 | Jul 06, 2016 | ₹5.00 | 2.59% |
FAQ
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