Padmalaya Telefilms Limited Stock Forecast
Green day on Friday for Padmalaya Telefilms Limited
(Updated on Jun 14, 2024)
The Padmalaya Telefilms Limited stock price gained 1.67% on the last trading day (Friday, 14th Jun 2024), rising from ₹2.99 to ₹3.04. During the last trading day the stock fluctuated 6.19% from a day low at ₹2.91 to a day high of ₹3.09. The price has fallen in 6 of the last 10 days but is still up by 0.33% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 31 thousand shares were bought and sold for approximately ₹95.22 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 8.86% during the next 3 months and, with a 90% probability hold a price between ₹3.09 and ₹3.91 at the end of this 3-month period.
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PADMALAYAT.BO Signals & Forecast
There are mixed signals in the stock today. The Padmalaya Telefilms 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 ₹3.12. On a fall, the stock will find some support from the short-term average at ₹3.02. 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. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -1.62%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Padmalaya Telefilms Limited stock
Padmalaya Telefilms Limited finds support from accumulated volume at ₹2.99 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.180 between high and low, or 6.19%. For the last week the stock has had daily average volatility of 8.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PADMALAYAT.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Padmalaya Telefilms Limited to open at ₹3.01, and during the day (based on 14 day Average True Range), to move between ₹2.81 and ₹3.27, which gives a possible trading interval of +/-₹0.232 (+/-7.65%) up or down from last closing price. If Padmalaya Telefilms Limited takes out the full calculated possible swing range there will be an estimated 15.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹3.08 (1.32%) than the support at ₹2.99 (1.64%), 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 Padmalaya Telefilms Limited stock A Buy?
Padmalaya Telefilms 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: -1.883 Sell Candidate Unchanged
Predicted Opening Price for Padmalaya Telefilms Limited of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
₹3.01 ( 0.88%) | ₹3.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PADMALAYAT.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.19 | 5.04% |
R2 | 3.12 | 2.78% |
R1 | 3.08 | 1.38% |
Price | 3.04 | |
S1 | 2.94 | -3.14% |
S2 | 2.90 | -4.54% |
S3 | 2.83 | -6.80% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 3.35 | 10.20% |
R2 | 3.18 | 4.61% |
R1 | 3.08 | 1.32% |
Price | 3.04 | |
S1 | 2.99 | -1.64% |
S2 | 2.97 | -2.30% |
S3 | 2.82 | -7.24% |
PADMALAYAT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 23, 2003 | Sep 23, 2003 | Sep 23, 2003 | ₹3.50 | 4.47% |
2 | Sep 19, 2002 | Sep 19, 2002 | Sep 19, 2002 | ₹2.50 | 2.83% |
3 | Sep 04, 2001 | Sep 04, 2001 | Sep 04, 2001 | ₹2.00 | 2.47% |
FAQ
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