Pace E-commerce Ventures Limit Stock Forecast

Green day on Friday for Pace E-commerce Ventures Limit
(Updated on Jun 28, 2024)

PACE.BO Signals & Forecast

The Pace E-commerce Ventures Limit stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹30.82. On a fall, the stock will find some support from the long-term average at approximately ₹27.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -9.74%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Pace E-commerce Ventures Limit stock

Pace E-commerce Ventures Limit finds support from accumulated volume at ₹29.94 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 ₹1.46 between high and low, or 4.94%. For the last week, the stock has had daily average volatility of 4.69%.

Our recommended stop-loss: ₹28.30 (-5.74%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 62 days ago.)

Trading Expectations (PACE.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Pace E-commerce Ventures Limit to open at ₹30.19, and during the day (based on 14 day Average True Range), to move between ₹28.20 and ₹31.84, which gives a possible trading interval of +/-₹1.82 (+/-6.06%) up or down from last closing price. If Pace E-commerce Ventures Limit takes out the full calculated possible swing range there will be an estimated 12.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹29.94 (0.27%) than the resistance at ₹30.24 (0.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Pace E-commerce Ventures Limit stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Pace E-commerce Ventures Limit stock to perform well in the short-term.

Current score: 2.000 Buy Candidate Unchanged

Predicted Opening Price for Pace E-commerce Ventures Limit of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.