Pil Italica Lifestyle Limited Stock Forecast
Pil Italica Lifestyle Limited stock price ended at ₹11.87 on Thursday, after losing 0.252%.
(Updated on Jul 04, 2024)
The Pil Italica Lifestyle Limited stock price fell by -0.252% on the last day (Thursday, 4th Jul 2024) from ₹11.90 to ₹11.87. It has now fallen 7 days in a row. During the last trading day the stock fluctuated 3.83% from a day low at ₹11.75 to a day high of ₹12.20. The price has fallen in 8 of the last 10 days and is down by -1.9% for this period. Volume has increased on the last day by 155 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, 384 thousand shares were bought and sold for approximately ₹4.55 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.01% during the next 3 months and, with a 90% probability hold a price between ₹10.40 and ₹12.43 at the end of this 3-month period.
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PILITA.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 1.54%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pil Italica Lifestyle 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 ₹12.04 and ₹12.12. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Pil Italica Lifestyle Limited stock
Pil Italica Lifestyle Limited finds support from accumulated volume at ₹11.85 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 ₹0.450 between high and low, or 3.83%. For the last week the stock has had daily average volatility of 3.97%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PILITA.NS) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Pil Italica Lifestyle Limited to open at ₹11.94, and during the day (based on 14 day Average True Range), to move between ₹11.25 and ₹12.49, which gives a possible trading interval of +/-₹0.624 (+/-5.26%) up or down from last closing price. If Pil Italica Lifestyle Limited takes out the full calculated possible swing range there will be an estimated 10.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹11.85 (0.17%) than the resistance at ₹12.29 (3.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pil Italica Lifestyle Limited stock A Buy?
Pil Italica Lifestyle Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.834 Sell Candidate Unchanged
Predicted Opening Price for Pil Italica Lifestyle Limited of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ₹11.94 ( 0.590%) | ₹11.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PILITA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.39 | 4.38% |
| R2 | 12.22 | 2.93% |
| R1 | 12.11 | 2.04% |
| Price | 11.87 | |
| S1 | 11.77 | -0.86% |
| S2 | 11.66 | -1.75% |
| S3 | 11.49 | -3.20% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.40 | 12.89% |
| R2 | 13.05 | 9.94% |
| R1 | 12.29 | 3.54% |
| Price | 11.87 | |
| S1 | 11.85 | -0.168% |
| S2 | 11.69 | -1.52% |
| S3 | 11.50 | -3.12% |
PILITA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 30, 1996 | Oct 14, 1996 | Dec 01, 1996 | ₹0.125 | 0% |
| 2 | Aug 11, 1995 | Sep 25, 1995 | Oct 01, 1995 | ₹0.375 | 0% |
FAQ
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