Peninsula Land Limited Stock Forecast
Green day on Thursday for Peninsula Land Limited
(Updated on Jun 27, 2024)
The Peninsula Land Limited stock price gained 1.41% on the last trading day (Thursday, 27th Jun 2024), rising from ₹70.19 to ₹71.18. During the last trading day the stock fluctuated 4.57% from a day low at ₹70.19 to a day high of ₹73.40. The price has risen in 6 of the last 10 days and is up by 11.2% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 556 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately ₹138.87 million.
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 35.44% during the next 3 months and, with a 90% probability hold a price between ₹78.37 and ₹104.06 at the end of this 3-month period.
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PENINLAND.NS Signals & Forecast
The Peninsula Land 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 ₹70.84 and ₹64.28. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, June 24, 2024, and so far it has fallen -6.13%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Peninsula Land Limited stock
Peninsula Land Limited finds support from accumulated volume at ₹70.40 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 ₹3.21 between high and low, or 4.57%. For the last week, the stock has had daily average volatility of 6.60%.
Our recommended stop-loss: ₹68.25 (-4.11%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (PENINLAND.NS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Peninsula Land Limited to open at ₹71.59, and during the day (based on 14 day Average True Range), to move between ₹66.91 and ₹75.45, which gives a possible trading interval of +/-₹4.27 (+/-5.99%) up or down from last closing price. If Peninsula Land Limited takes out the full calculated possible swing range there will be an estimated 11.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹70.40 (1.10%) than the resistance at ₹72.25 (1.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Peninsula Land 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 Peninsula Land Limited stock to perform well in the short-term.
Current score: 2.320 Buy Candidate Unchanged
Predicted Opening Price for Peninsula Land Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₹71.59 ( 0.576%) | ₹71.18 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PENINLAND.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 74.80 | 5.09% |
| R2 | 73.57 | 3.36% |
| R1 | 72.82 | 2.30% |
| Price | 71.18 | |
| S1 | 70.36 | -1.15% |
| S2 | 69.61 | -2.21% |
| S3 | 68.38 | -3.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 75.83 | 6.53% |
| R2 | 73.35 | 3.05% |
| R1 | 72.25 | 1.50% |
| Price | 71.18 | |
| S1 | 70.40 | -1.10% |
| S2 | 65.45 | -8.05% |
| S3 | 58.60 | -17.67% |
PENINLAND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 11, 2016 | Jul 28, 2016 | Sep 04, 2016 | ₹0.200 | 1.04% |
| 2 | May 11, 2015 | Aug 20, 2015 | Sep 27, 2015 | ₹0.300 | 1.38% |
| 3 | May 26, 2014 | Sep 18, 2014 | Oct 27, 2014 | ₹0.400 | 1.21% |
| 4 | May 27, 2013 | Jul 30, 2013 | Aug 19, 2013 | ₹1.50 | 4.87% |
| 5 | May 18, 2012 | Aug 07, 2012 | Sep 15, 2012 | ₹1.10 | 2.96% |
FAQ
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