Premier Limited Stock Forecast
Premier Limited stock price up 0.84% on Friday
(Updated on Jun 14, 2024)
The Premier Limited stock price gained 0.84% on the last trading day (Friday, 14th Jun 2024), rising from ₹3.58 to ₹3.61. During the last trading day the stock fluctuated 9.33% from a day low at ₹3.43 to a day high of ₹3.75. The price has been going up and down for this period, and there has been a 1.69% gain for the last 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹12.59 thousand. 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 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 21.19% during the next 3 months and, with a 90% probability hold a price between ₹4.02 and ₹5.42 at the end of this 3-month period.
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PREMIER.NS Signals & Forecast
There are mixed signals in the stock today. The Premier Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹3.74. On a fall, the stock will find some support from the short-term average at ₹3.60. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -11.95%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Premier Limited stock
Premier Limited finds support from accumulated volume at ₹3.60 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.320 between high and low, or 9.33%. For the last week the stock has had daily average volatility of 9.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PREMIER.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Premier Limited to open at ₹3.60, and during the day (based on 14 day Average True Range), to move between ₹3.43 and ₹3.79, which gives a possible trading interval of +/-₹0.185 (+/-5.12%) up or down from last closing price. If Premier Limited takes out the full calculated possible swing range there will be an estimated 10.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹3.60 (0.28%) than the resistance at ₹3.80 (5.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Premier Limited stock A Buy?
Premier Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.251 Sell Candidate Unchanged
Predicted Opening Price for Premier Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹3.60 ( 0.369%) | ₹3.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PREMIER.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.92 | 8.49% |
| R2 | 3.79 | 5.11% |
| R1 | 3.72 | 3.02% |
| Price | 3.61 | |
| S1 | 3.47 | -3.76% |
| S2 | 3.40 | -5.85% |
| S3 | 3.28 | -9.23% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.10 | 13.57% |
| R2 | 3.95 | 9.42% |
| R1 | 3.80 | 5.26% |
| Price | 3.61 | |
| S1 | 3.60 | -0.277% |
| S2 | 3.45 | -4.43% |
| S3 | 2.95 | -18.28% |
PREMIER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2014 | Aug 28, 2014 | Oct 12, 2014 | ₹3.00 | 4.72% |
| 2 | Apr 30, 2013 | May 31, 2013 | Jul 14, 2013 | ₹4.00 | 6.67% |
| 3 | Apr 25, 2012 | Aug 10, 2012 | Sep 23, 2012 | ₹3.00 | 4.44% |
| 4 | Apr 21, 2011 | May 30, 2011 | Jul 11, 2011 | ₹2.70 | 2.97% |
| 5 | Apr 29, 2010 | Aug 18, 2010 | Sep 29, 2010 | ₹2.70 | 2.07% |
FAQ
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