Nucleus Software Exports Limited Stock Forecast
Weaker technical forecast for Nucleus Software Exports Limited as stock downgraded to Sell Candidate.
(Updated on Apr 16, 2024)
The Nucleus Software Exports Limited stock price gained 0.320% on the last trading day (Tuesday, 16th Apr 2024), rising from ₹1,280.10 to ₹1,284.20. During the last trading day the stock fluctuated 4.61% from a day low at ₹1,266.80 to a day high of ₹1,325.15. The price has been going up and down for this period, and there has been a -1.31% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 31 thousand more shares were traded than the day before. In total, 55 thousand shares were bought and sold for approximately ₹70.11 million.
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 -24.95% during the next 3 months and, with a 90% probability hold a price between ₹761.76 and ₹1,020.05 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.
NUCLEUS.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 9.70%. 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). 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 Nucleus Software Exports Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹1,333.23 and ₹1,307.82. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Nucleus Software Exports Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹1,219.50 and ₹1,171.70. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Nucleus Software Exports Limited finds support just below today's level at ₹1,219.50. If this is broken, then the next support from accumulated volume will be at ₹1,171.70 and ₹1,170.65.
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 ₹58.35 between high and low, or 4.61%. For the last week, the stock has had daily average volatility of 3.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NUCLEUS.NS) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Nucleus Software Exports Limited to open at ₹1,292.05, and during the day (based on 14 day Average True Range), to move between ₹1,226.85 and ₹1,341.55, which gives a possible trading interval of +/-₹57.35 (+/-4.47%) up or down from last closing price. If Nucleus Software Exports Limited takes out the full calculated possible swing range there will be an estimated 8.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,341.50 (4.46%) than the support at ₹1,219.50 (5.04%), 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 Nucleus Software Exports Limited stock A Buy?
Nucleus Software Exports 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.598 Sell Candidate Downgraded
Predicted Opening Price for Nucleus Software Exports Limited of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| ₹1,292.05 ( 0.611%) | ₹1,284.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NUCLEUS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,350.40 | 5.15 % | |
| R2 | 1,328.11 | 3.42 % | ||
| R1 | 1,314.34 | 2.35 % | ||
| Current price: | 1,284.20 | |||
| Support | S1 | 1,269.76 | -1.12 % | |
| S2 | 1,255.99 | -2.20 % | ||
| S3 | 1,233.70 | -3.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,405.40 | 9.44 % | |
| R2 | 1,375.40 | 7.10 % | ||
| R1 | 1,341.50 | 4.46 % | ||
| Current price | 1,284.20 | |||
| Support | S1 | 1,219.50 | -5.04% | |
| S2 | 1,171.70 | -8.76% | ||
| S3 | 1,170.65 | -8.84% |
NUCLEUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | ₹10.00 | 0.91% |
| 2 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | ₹7.00 | 1.82% |
| 3 | Jul 15, 2021 | Jul 15, 2021 | Jul 15, 2021 | ₹6.00 | 0.84% |
| 4 | Aug 11, 2020 | Aug 11, 2020 | Aug 11, 2020 | ₹3.00 | 0.665% |
| 5 | Aug 07, 2020 | Aug 07, 2020 | Aug 07, 2020 | ₹3.00 | 0.89% |
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