Pudumjee Paper Products Limited Stock Forecast
Pudumjee Paper Products Limited stock downgraded to Buy Candidate
(Updated on May 20, 2024)
No changes to the price of Pudumjee Paper Products Limited stock on the last trading day (Monday, 20th May 2024). During the last trading day the stock fluctuated 0% from a day low at ₹95.00 to a day high of ₹95.00. The price has fallen in 5 of the last 10 days but is still up by 9.57% over the past 2 weeks.
The stock lies in the upper part of a very wide and strong rising 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 ₹98.88 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 32.85% during the next 3 months and, with a 90% probability hold a price between ₹98.43 and ₹131.36 at the end of this 3-month period.
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PDMJEPAPER.NS Signals & Forecast
The Pudumjee Paper Products Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹90.13 and ₹77.62. 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 Friday, May 17, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Monday, December 04, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, December 04, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Pudumjee Paper Products Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹89.20 and ₹87.35. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Pudumjee Paper Products Limited finds support just below today's level at ₹89.20. If this is broken, then the next support from accumulated volume will be at ₹87.35 and ₹83.50.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 5.44%
Our recommended stop-loss: ₹91.45 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (PDMJEPAPER.NS) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Pudumjee Paper Products Limited to open at ₹95.00, and during the day (based on 14 day Average True Range), to move between ₹89.73 and ₹100.27, which gives a possible trading interval of +/-₹5.27 (+/-5.55%) up or down from last closing price. If Pudumjee Paper Products Limited takes out the full calculated possible swing range there will be an estimated 11.10% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹89.20, some ₹5.80 (6.11%) from the current price of ₹95.00, our system finds the risk reward attractive.
Is Pudumjee Paper Products Limited 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 Pudumjee Paper Products Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.015 Buy Candidate Downgraded
Predicted Opening Price for Pudumjee Paper Products Limited of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
₹95.00 ( 0%) | ₹95.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PDMJEPAPER.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 95.00 | . | |
R2 | 95.00 | . | ||
R1 | 95.00 | . | ||
Current price: | 95.00 | |||
Support | S1 | 95.00 | . | |
S2 | 95.00 | . | ||
S3 | 95.00 | . |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 95.00 | |||
Support | S1 | 89.20 | -6.11% | |
S2 | 87.35 | -8.05% | ||
S3 | 83.50 | -12.11% |
PDMJEPAPER Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | ₹0.500 | 1.16% |
2 | Aug 04, 2022 | Aug 04, 2022 | Aug 04, 2022 | ₹0.200 | 0.496% |
3 | Aug 12, 2021 | Aug 12, 2021 | Aug 12, 2021 | ₹0.300 | 0.717% |
4 | Feb 15, 2020 | Mar 05, 2020 | Mar 25, 2020 | ₹0.200 | 1.92% |
5 | Jul 12, 2019 | Jul 12, 2019 | Jul 12, 2019 | ₹0.150 | 1.26% |
FAQ
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