Navneet Education Limited Stock Forecast
Stronger technical forecast for Navneet Education Limited stock price after Friday trading.
(Updated on May 17, 2024)
The Navneet Education Limited stock price fell by -0.85% on the last day (Friday, 17th May 2024) from ₹157.90 to ₹156.55. During the last trading day the stock fluctuated 2.08% from a day low at ₹156.00 to a day high of ₹159.25. The price has risen in 6 of the last 10 days and is up by 4.37% over the past 2 weeks. 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 -66 thousand shares and in total, 147 thousand shares were bought and sold for approximately ₹23.02 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₹159.45 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Navneet Education Limited stock with a 90% probability to be traded between ₹131.78 and ₹159.89 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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NAVNETEDUL.NS Signals & Forecast
The Navneet Education 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 ₹153.51 and ₹147.71. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -1.79%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Navneet Education Limited stock
Navneet Education Limited finds support from accumulated volume at ₹149.70 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 ₹3.25 between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 3.59%.
Our recommended stop-loss: ₹149.81 (-4.30%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (NAVNETEDUL.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Navneet Education Limited to open at ₹157.27, and during the day (based on 14 day Average True Range), to move between ₹150.36 and ₹162.74, which gives a possible trading interval of +/-₹6.19 (+/-3.95%) up or down from last closing price. If Navneet Education Limited takes out the full calculated possible swing range there will be an estimated 7.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹157.65 (0.70%) than the support at ₹149.70 (4.38%), 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 Navneet Education Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Navneet Education Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.702 Buy Candidate Upgraded
Predicted Opening Price for Navneet Education Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹157.27 ( 0.458%) | ₹156.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAVNETEDUL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 160.52 | 2.53 % | |
| R2 | 159.28 | 1.74 % | ||
| R1 | 158.51 | 1.25 % | ||
| Current price: | 156.55 | |||
| Support | S1 | 156.03 | -0.335 % | |
| S2 | 155.26 | -0.83 % | ||
| S3 | 154.02 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 164.05 | 4.79 % | |
| R2 | 159.40 | 1.82 % | ||
| R1 | 157.65 | 0.703 % | ||
| Current price | 156.55 | |||
| Support | S1 | 149.70 | -4.38% | |
| S2 | 146.05 | -6.71% | ||
| S3 | 145.25 | -7.22% |
NAVNETEDUL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 07, 2023 | Aug 07, 2023 | Aug 07, 2023 | ₹2.60 | 1.80% |
| 2 | Jul 29, 2022 | Jul 29, 2022 | Jul 29, 2022 | ₹1.50 | 1.39% |
| 3 | Sep 21, 2021 | Sep 21, 2021 | Sep 21, 2021 | ₹1.00 | 1.00% |
| 4 | Mar 06, 2020 | Mar 19, 2020 | Mar 26, 2020 | ₹0.500 | 1.00% |
| 5 | Oct 30, 2019 | Nov 20, 2019 | Nov 25, 2019 | ₹2.50 | 2.51% |
FAQ
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