Neuland Laboratories Limited Stock Forecast
Neuland Laboratories Limited stock price ended at ₹6,333.55 on Friday, after gaining 2.07%.
(Updated on May 24, 2024)
The Neuland Laboratories Limited stock price gained 2.07% on the last trading day (Friday, 24th May 2024), rising from ₹6,205.25 to ₹6,333.55. During the last trading day the stock fluctuated 3.93% from a day low at ₹6,205.35 to a day high of ₹6,449.00. The price has risen in 5 of the last 10 days but is still down by -11.29% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 40 thousand more shares were traded than the day before. In total, 71 thousand shares were bought and sold for approximately ₹447.84 million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.05% during the next 3 months and, with a 90% probability hold a price between ₹6,127.72 and ₹8,062.50 at the end of this 3-month period.
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NEULANDLAB.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 4.50%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Neuland Laboratories 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 ₹6,865.55. On a fall, the stock will find some support from the short-term average at ₹6,255.41. 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).
Support, Risk & Stop-loss for Neuland Laboratories Limited stock
Neuland Laboratories Limited finds support from accumulated volume at ₹6,061.05 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹243.65 between high and low, or 3.93%. For the last week, the stock has had daily average volatility of 2.14%.
Neuland Laboratories Limited is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NEULANDLAB.NS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Neuland Laboratories Limited to open at ₹6,329.30, and during the day (based on 14 day Average True Range), to move between ₹6,070.08 and ₹6,597.02, which gives a possible trading interval of +/-₹263.47 (+/-4.16%) up or down from last closing price. If Neuland Laboratories Limited takes out the full calculated possible swing range there will be an estimated 8.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹6,061.05 (4.30%) than the resistance at ₹6,665.40 (5.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Neuland Laboratories Limited stock A Buy?
Neuland Laboratories Limited 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: -1.098 Sell Candidate Unchanged
Predicted Opening Price for Neuland Laboratories Limited of Monday, May 27, 2024
Fair opening price May 27, 2024 | Current price |
---|---|
₹6,329.30 ( 0.0671%) | ₹6,333.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEULANDLAB.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 6,572.95 | 3.78 % | |
R2 | 6,479.88 | 2.31 % | ||
R1 | 6,422.37 | 1.40 % | ||
Current price: | 6,333.55 | |||
Support | S1 | 6,236.23 | -1.54 % | |
S2 | 6,178.72 | -2.44 % | ||
S3 | 6,085.65 | -3.91 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 7,529.70 | 18.89 % | |
R2 | 7,103.25 | 12.15 % | ||
R1 | 6,665.40 | 5.24 % | ||
Current price | 6,333.55 | |||
Support | S1 | 6,061.05 | -4.30% | |
S2 | 5,911.80 | -6.66% | ||
S3 | 5,905.10 | -6.76% |
NEULANDLAB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 12, 2024 | Jul 12, 2024 | Aug 30, 2024 | ₹14.00 | 0.221% |
2 | Jul 11, 2023 | Jul 11, 2023 | Jul 11, 2023 | ₹10.00 | 0.334% |
3 | Jul 14, 2022 | Jul 14, 2022 | Jul 14, 2022 | ₹5.00 | 0.385% |
4 | Jun 29, 2021 | Jun 29, 2021 | Jun 29, 2021 | ₹3.00 | 0.144% |
5 | Nov 10, 2020 | Nov 10, 2020 | Nov 10, 2020 | ₹2.00 | 0.188% |
FAQ
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