RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PANAFIC.BO
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Red day on Thursday for Panafic Industrials Limited
(Updated on Mar 28, 2024)

Sell candidate since Mar 07, 2024 Loss -3.27% PDF

The Panafic Industrials Limited stock price fell by -1.99% on the last day (Thursday, 28th Mar 2024) from ₹1.51 to ₹1.48. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 0% from a day low at ₹1.48 to a day high of ₹1.48. The price has been going up and down for this period, and there has been a 11.28% gain for the last 2 weeks. Volume has increased on the last day by 6 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, 31 thousand shares were bought and sold for approximately ₹45.59 thousand.

The stock lies in the middle of a very wide and strong 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 13.73% during the next 3 months and, with a 90% probability hold a price between ₹1.46 and ₹2.33 at the end of this 3-month period.

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PANAFIC.BO Signals & Forecast

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. The Panafic Industrials 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 ₹1.49 and ₹1.58. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, February 13, 2024, and so far it has fallen -23.32%. Further fall is indicated until a new bottom pivot has been found. Panafic Industrials Limited 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". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Panafic Industrials Limited stock

Panafic Industrials Limited finds support from accumulated volume at ₹1.47 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 ₹0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.21%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Monday, 1st we expect Panafic Industrials Limited to open at ₹1.48, and during the day (based on 14 day Average True Range), to move between ₹1.40 and ₹1.56, which gives a possible trading interval of +/-₹0.0812 (+/-5.49%) up or down from last closing price. If Panafic Industrials Limited takes out the full calculated possible swing range there will be an estimated 10.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹1.47 (0.68%) than the resistance at ₹1.55 (4.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Panafic Industrials Limited stock A Buy?

The Panafic Industrials Limited stock holds several negative signals and despite the positive trend, we believe Panafic Industrials Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.003 Sell Candidate Unchanged

Predicted Opening Price for Panafic Industrials Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹1.48 ( 0.00000000%) ₹1.48

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

Trading levels for PANAFIC.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 1.48 0.00000000 %
R2 1.48 0.00000000 %
R1 1.48 0.00000000 %
Current price: 1.48
Support S1 1.48 0.00000000 %
S2 1.48 0.00000000 %
S3 1.48 0.00000000 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 1.84 24.32 %
R2 1.68 13.51 %
R1 1.55 4.73 %
Current price 1.48
Support S1 1.47 -0.676%
S2 1.46 -1.35%
S3 1.41 -4.73%

FAQ

What is the symbol for Panafic Industrials Limited Stock and on which exchange is it traded?
The symbol for Panafic Industrials Limited is PANAFIC.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Panafic Industrials Limited Stock?
The Panafic Industrials Limited stock holds several negative signals and despite the positive trend, we believe Panafic Industrials Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Panafic Industrials Limited Stock?
Panafic Industrials Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Panafic Industrials Limited Stock.

What's the current price of Panafic Industrials Limited Stock?
As of the end of day on the 2024-03-28, the price of an Panafic Industrials Limited (PANAFIC.BO) share was ₹1.48.

What is the 52-week high and low for Panafic Industrials Limited Stock?
The 52-week high for Panafic Industrials Limited Stock is ₹2.02 and the 52-week low is ₹0.700.
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