Nucleus Software Exports Limited Stock Forecast
Red day on Tuesday for Nucleus Software Exports Limited
(Updated on Apr 30, 2024)
The Nucleus Software Exports Limited stock price fell by -2.65% on the last day (Tuesday, 30th Apr 2024) from ₹1,423.80 to ₹1,386.00. During the last trading day the stock fluctuated 3.74% from a day low at ₹1,380.65 to a day high of ₹1,432.25. The price has risen in 7 of the last 10 days and is up by 8.27% 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 -38 thousand shares and in total, 36 thousand shares were bought and sold for approximately ₹50.45 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 -13.73% during the next 3 months and, with a 90% probability hold a price between ₹907.99 and ₹1,279.78 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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NUCLEUS.NS Signals & Forecast
The Nucleus Software Exports 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 ₹1,378.28 and ₹1,296.72. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 18.40%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Nucleus Software Exports Limited stock
Nucleus Software Exports Limited finds support from accumulated volume at ₹1,375.40 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 ₹51.60 between high and low, or 3.74%. For the last week, the stock has had daily average volatility of 4.67%.
Our recommended stop-loss: ₹1,331.39 (-3.94%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (NUCLEUS.NS) For The Upcoming Trading Day Of Wednesday 1st
For the upcoming trading day on Wednesday, 1st we expect Nucleus Software Exports Limited to open at ₹1,399.63, and during the day (based on 14 day Average True Range), to move between ₹1,321.95 and ₹1,450.05, which gives a possible trading interval of +/-₹64.05 (+/-4.62%) 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 9.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹1,375.40 (0.76%) than the resistance at ₹1,405.40 (1.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nucleus Software Exports Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.341 Buy Candidate Unchanged
Predicted Opening Price for Nucleus Software Exports Limited of Wednesday, May 1, 2024
| Fair opening price May 1, 2024 | Current price |
|---|---|
| ₹1,399.63 ( 0.98%) | ₹1,386.00 |
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 | 1,451.23 | 4.71 % | |
| R2 | 1,431.52 | 3.28 % | ||
| R1 | 1,419.34 | 2.41 % | ||
| Current price: | 1,386.00 | |||
| Support | S1 | 1,379.92 | -0.439 % | |
| S2 | 1,367.74 | -1.32 % | ||
| S3 | 1,348.03 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,423.80 | 2.73 % | |
| R2 | 1,422.25 | 2.62 % | ||
| R1 | 1,405.40 | 1.40 % | ||
| Current price | 1,386.00 | |||
| Support | S1 | 1,375.40 | -0.765% | |
| S2 | 1,357.25 | -2.07% | ||
| S3 | 1,341.50 | -3.21% |
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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