Onelife Capital Advisors Limited Stock Forecast
Red day on Monday for Onelife Capital Advisors Limited
(Updated on May 06, 2024)
The Onelife Capital Advisors Limited stock price fell by -2.89% on the last day (Monday, 6th May 2024) from ₹19.00 to ₹18.45. During the last trading day the stock fluctuated 4.11% from a day low at ₹18.25 to a day high of ₹19.00. The price has risen in 5 of the last 10 days but is still down by -1.07% 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 -15 thousand shares and in total, 18 thousand shares were bought and sold for approximately ₹327.43 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹16.04 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.63% during the next 3 months and, with a 90% probability hold a price between ₹17.59 and ₹37.80 at the end of this 3-month period.
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ONELIFECAP.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Onelife Capital Advisors 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 ₹18.94 and ₹21.65. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 01, 2024, and so far it has fallen -44.51%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Onelife Capital Advisors Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹17.40 and ₹16.30. 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, Onelife Capital Advisors Limited finds support just below today's level at ₹17.40. If this is broken, then the next support from accumulated volume will be at ₹16.30 and ₹15.45.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved ₹0.750 between high and low, or 4.11%. For the last week the stock has had daily average volatility of 3.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ONELIFECAP.NS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Onelife Capital Advisors Limited to open at ₹18.57, and during the day (based on 14 day Average True Range), to move between ₹17.21 and ₹19.69, which gives a possible trading interval of +/-₹1.24 (+/-6.73%) up or down from last closing price. If Onelife Capital Advisors Limited takes out the full calculated possible swing range there will be an estimated 13.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹17.40 (5.69%) than the resistance at ₹19.80 (7.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Onelife Capital Advisors Limited stock A Buy?
The Onelife Capital Advisors Limited stock holds several negative signals and despite the positive trend, we believe Onelife Capital Advisors Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.690 Sell Candidate Unchanged
Predicted Opening Price for Onelife Capital Advisors Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₹18.57 ( 0.632%) | ₹18.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ONELIFECAP.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.32 | 4.70 % | |
| R2 | 19.03 | 3.14 % | ||
| R1 | 18.85 | 2.19 % | ||
| Current price: | 18.45 | |||
| Support | S1 | 18.28 | -0.92 % | |
| S2 | 18.10 | -1.88 % | ||
| S3 | 17.82 | -3.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.85 | 13.01 % | |
| R2 | 20.60 | 11.65 % | ||
| R1 | 19.80 | 7.32 % | ||
| Current price | 18.45 | |||
| Support | S1 | 17.40 | -5.69% | |
| S2 | 16.30 | -11.65% | ||
| S3 | 15.45 | -16.26% |
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