Pee Cee Cosma Sope Limited Stock Forecast

Weaker technical forecast for Pee Cee Cosma Sope Limited as stock downgraded to Hold/Accumulate.
(Updated on May 24, 2024)

PCCOSMA.BO Signals & Forecast

The Pee Cee Cosma Sope Limited 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 ₹415.62. On a fall, the stock will find some support from the long-term average at approximately ₹412.80. 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). 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, May 08, 2024, and so far it has fallen -3.26%. Further fall is indicated until a new bottom pivot has been found. Pee Cee Cosma Sope 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".

Support, Risk & Stop-loss for Pee Cee Cosma Sope Limited stock

Pee Cee Cosma Sope Limited finds support from accumulated volume at ₹409.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹30.35 between high and low, or 7.66%. For the last week the stock has had daily average volatility of 4.41%.

Our recommended stop-loss: ₹394.08 (-5.12%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 60 days ago.)

Trading Expectations (PCCOSMA.BO) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Pee Cee Cosma Sope Limited to open at ₹412.57, and during the day (based on 14 day Average True Range), to move between ₹396.23 and ₹434.47, which gives a possible trading interval of +/-₹19.12 (+/-4.60%) up or down from last closing price. If Pee Cee Cosma Sope Limited takes out the full calculated possible swing range there will be an estimated 9.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹409.20 (1.48%) than the resistance at ₹423.20 (1.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Pee Cee Cosma Sope Limited stock A Buy?

Pee Cee Cosma Sope Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.542 Hold/Accumulate Downgraded

Predicted Opening Price for Pee Cee Cosma Sope Limited of Monday, May 27, 2024

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