Palred Technologies Ltd Stock Forecast
Red day on Friday for Palred Technologies Ltd stock after losing 0.120%
(Updated on Jun 14, 2024)
The Palred Technologies Ltd stock price fell by -0.120% on the last day (Friday, 14th Jun 2024) from ₹125.15 to ₹125.00. During the last trading day the stock fluctuated 1.63% from a day low at ₹123.00 to a day high of ₹125.00. The price has been going up and down for this period, and there has been a 13.33% gain for the last 2 weeks. Volume has increased on the last day by 7 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 9 thousand shares were bought and sold for approximately ₹1.09 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹128.92 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -15.68% during the next 3 months and, with a 90% probability hold a price between ₹82.13 and ₹108.71 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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PALREDTEC.NS Signals & Forecast
The Palred Technologies Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹118.69 and ₹119.53. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wednesday, June 12, 2024, and so far it has fallen -2.12%. Further fall is indicated until a new bottom pivot has been found. Palred Technologies Ltd gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Palred Technologies Ltd stock
Palred Technologies Ltd finds support from accumulated volume at ₹118.90 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 ₹2.00 between high and low, or 1.63%. For the last week, the stock has had daily average volatility of 2.65%.
Our recommended stop-loss: ₹120.69 (-3.45%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (PALREDTEC.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Palred Technologies Ltd to open at ₹124.33, and during the day (based on 14 day Average True Range), to move between ₹120.16 and ₹129.84, which gives a possible trading interval of +/-₹4.84 (+/-3.87%) up or down from last closing price. If Palred Technologies Ltd takes out the full calculated possible swing range there will be an estimated 7.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹127.30 (1.84%) than the support at ₹118.90 (4.88%), 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 Palred Technologies Ltd 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: 2.015 Buy Candidate Unchanged
Predicted Opening Price for Palred Technologies Ltd of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹124.33 ( 0.533%) | ₹125.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PALREDTEC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 126.33 | 1.07% |
| R2 | 125.57 | 0.455% |
| R1 | 125.10 | 0.0779% |
| Price | 125.00 | |
| S1 | 123.57 | -1.14% |
| S2 | 123.10 | -1.52% |
| S3 | 122.33 | -2.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 142.65 | 14.12% |
| R2 | 129.45 | 3.56% |
| R1 | 127.30 | 1.84% |
| Price | 125.00 | |
| S1 | 118.90 | -4.88% |
| S2 | 118.80 | -4.96% |
| S3 | 100.10 | -19.92% |
PALREDTEC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 08, 2013 | Oct 17, 2013 | Nov 12, 2013 | ₹145.00 | 163.84% |
| 2 | Jul 28, 2009 | Aug 06, 2009 | Sep 01, 2009 | ₹1.25 | 0.98% |
| 3 | Jun 15, 2006 | Sep 22, 2006 | Oct 11, 2006 | ₹3.75 | 1.29% |
| 4 | Jun 18, 2004 | Aug 30, 2004 | Sep 16, 2004 | ₹1.25 | 0.90% |
FAQ
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