National Plastic Industries Limited Stock Forecast
Stronger technical forecast for National Plastic Industries Limited stock price after Friday trading.
(Updated on Jun 28, 2024)
The National Plastic Industries Limited stock price fell by -0.87% on the last day (Friday, 28th Jun 2024) from ₹66.79 to ₹66.21. During the last trading day the stock fluctuated 3.11% from a day low at ₹65.03 to a day high of ₹67.05. The price has fallen in 6 of the last 10 days and is down by -3.51% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹181.48 thousand.
The stock lies in the middle of a 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 -12.18% during the next 3 months and, with a 90% probability hold a price between ₹53.51 and ₹62.47 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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NATPLAS.BO Signals & Forecast
There are mixed signals in the stock today. The National Plastic Industries Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹66.96 and ₹67.72. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 3.74%. 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).
Support, Risk & Stop-loss for National Plastic Industries Limited stock
National Plastic Industries Limited finds support from accumulated volume at ₹65.46 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 ₹2.02 between high and low, or 3.11%. For the last week the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: ₹63.23 (-4.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (NATPLAS.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect National Plastic Industries Limited to open at ₹66.10, and during the day (based on 14 day Average True Range), to move between ₹63.18 and ₹69.24, which gives a possible trading interval of +/-₹3.03 (+/-4.57%) up or down from last closing price. If National Plastic Industries Limited takes out the full calculated possible swing range there will be an estimated 9.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹66.60 (0.59%) than the support at ₹65.46 (1.13%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is National Plastic Industries Limited stock A Buy?
National Plastic Industries Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.698 Hold/Accumulate Upgraded
Predicted Opening Price for National Plastic Industries Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹66.10 ( 0.171%) | ₹66.21 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NATPLAS.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 68.12 | 2.88% |
| R2 | 67.35 | 1.71% |
| R1 | 66.87 | 0.99% |
| Price | 66.21 | |
| S1 | 65.33 | -1.34% |
| S2 | 64.85 | -2.06% |
| S3 | 64.08 | -3.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 75.04 | 13.34% |
| R2 | 73.12 | 10.44% |
| R1 | 66.60 | 0.589% |
| Price | 66.21 | |
| S1 | 65.46 | -1.13% |
| S2 | 65.29 | -1.39% |
| S3 | 64.98 | -1.86% |
NATPLAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 12, 2019 | Sep 12, 2019 | Oct 20, 2019 | ₹1.00 | 4.02% |
| 2 | Sep 11, 2018 | Sep 11, 2018 | Oct 19, 2018 | ₹1.00 | 2.34% |
| 3 | Sep 12, 2017 | Sep 12, 2017 | Oct 20, 2017 | ₹1.00 | 1.75% |
| 4 | Sep 12, 2016 | Sep 12, 2016 | Sep 12, 2016 | ₹1.00 | 1.90% |
| 5 | Sep 18, 2015 | Sep 18, 2015 | Sep 18, 2015 | ₹1.00 | 2.58% |
FAQ
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