Perfectpac Limited Stock Forecast

Red day on Thursday for Perfectpac Limited stock after losing 1.52%
(Updated on May 16, 2024)

PERFEPA.BO Signals & Forecast

The Perfectpac 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 ₹119.02 and ₹116.85. A breakdown below any of these levels will issue sell signals. 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, April 22, 2024, and so far it has fallen -25.97%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Perfectpac Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹115.45 and ₹115.39. 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, Perfectpac Limited finds support just below today's level at ₹115.45. If this is broken, then the next support from accumulated volume will be at ₹115.39 and ₹112.25.

This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved ₹2.70 between high and low, or 2.21%. For the last week the stock has had daily average volatility of 3.88%.

Our recommended stop-loss: ₹115.75 (-5.90%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (PERFEPA.BO) For The Upcoming Trading Day Of Friday 17th

For the upcoming trading day on Friday, 17th we expect Perfectpac Limited to open at ₹123.23, and during the day (based on 14 day Average True Range), to move between ₹114.02 and ₹131.98, which gives a possible trading interval of +/-₹8.98 (+/-7.30%) up or down from last closing price. If Perfectpac Limited takes out the full calculated possible swing range there will be an estimated 14.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹115.45 (6.14%) than the resistance at ₹138.46 (12.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Perfectpac 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 Perfectpac Limited stock to perform well in the short-term.

Current score: 3.500 Buy Candidate Unchanged

Predicted Opening Price for Perfectpac Limited of Friday, May 17, 2024

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