Precision Wires India Ltd. Stock Forecast
Precision Wires India Ltd. stock price up 2.76% on Friday
(Updated on Jun 14, 2024)
The Precision Wires India Ltd. stock price gained 2.76% on the last trading day (Friday, 14th Jun 2024), rising from ₹137.60 to ₹141.40. During the last trading day the stock fluctuated 5.49% from a day low at ₹136.50 to a day high of ₹144.00. The price has risen in 8 of the last 10 days and is up by 13.57% over the past 2 weeks. Volume fell on the last day by -21 thousand shares and in total, 39 thousand shares were bought and sold for approximately ₹5.54 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and weak 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 5.44% during the next 3 months and, with a 90% probability hold a price between ₹120.57 and ₹156.22 at the end of this 3-month period.
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PRECWIRE.BO Signals & Forecast
Mostly positive signals in the chart today. The Precision Wires India Ltd. 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 ₹134.04 and ₹133.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 24.80%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Precision Wires India Ltd. stock
Precision Wires India Ltd. finds support from accumulated volume at ₹140.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹7.50 between high and low, or 5.49%. For the last week, the stock has had daily average volatility of 5.02%.
Our recommended stop-loss: ₹136.68 (-3.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (PRECWIRE.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Precision Wires India Ltd. to open at ₹140.63, and during the day (based on 14 day Average True Range), to move between ₹134.79 and ₹148.01, which gives a possible trading interval of +/-₹6.61 (+/-4.67%) up or down from last closing price. If Precision Wires India Ltd. takes out the full calculated possible swing range there will be an estimated 9.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹142.50 (0.78%) than the support at ₹140.00 (0.99%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Precision Wires India Ltd. 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 Precision Wires India Ltd. stock to perform well in the short-term.
Current score: 2.862 Buy Candidate Unchanged
Predicted Opening Price for Precision Wires India Ltd. of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹140.63 ( 0.542%) | ₹141.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRECWIRE.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 148.13 | 4.76% |
| R2 | 145.27 | 2.74% |
| R1 | 143.50 | 1.48% |
| Price | 141.40 | |
| S1 | 137.77 | -2.57% |
| S2 | 136.00 | -3.82% |
| S3 | 133.13 | -5.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 143.95 | 1.80% |
| R2 | 143.65 | 1.59% |
| R1 | 142.50 | 0.778% |
| Price | 141.40 | |
| S1 | 140.00 | -0.99% |
| S2 | 136.50 | -3.47% |
| S3 | 134.05 | -5.20% |
PRECWIRE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2024 | Feb 20, 2024 | Feb 20, 2024 | ₹0.300 | 0.211% |
| 2 | Nov 17, 2023 | Nov 17, 2023 | Dec 07, 2023 | ₹0.300 | 0.235% |
| 3 | Aug 28, 2023 | Aug 28, 2023 | Oct 04, 2023 | ₹0.360 | 0.280% |
| 4 | Feb 24, 2023 | Feb 24, 2023 | Mar 12, 2023 | ₹0.300 | 0.464% |
| 5 | Feb 22, 2018 | Feb 22, 2018 | Mar 13, 2018 | ₹2.00 | 5.22% |
FAQ
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