Premier Polyfilm Ltd. Stock Forecast
Premier Polyfilm Ltd. stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Premier Polyfilm Ltd. stock price gained 3.91% on the last trading day (Friday, 17th May 2024), rising from ₹189.20 to ₹196.60. During the last trading day the stock fluctuated 6.42% from a day low at ₹187.00 to a day high of ₹199.00. The price has risen in 6 of the last 10 days and is up by 0.13% 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, 15 thousand more shares were traded than the day before. In total, 43 thousand shares were bought and sold for approximately ₹8.48 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Premier Polyfilm Ltd. stock with a 90% probability to be traded between ₹177.51 and ₹211.80 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PREMIERPOL.NS Signals & Forecast
The Premier Polyfilm Ltd. stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹191.64 and ₹194.73. A breakdown below any of these levels will issue sell signals. 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 Friday, April 26, 2024, and so far it has fallen -5.30%. 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).
Support, Risk & Stop-loss for Premier Polyfilm Ltd. stock
Premier Polyfilm Ltd. finds support from accumulated volume at ₹195.75 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 ₹12.00 between high and low, or 6.42%. For the last week, the stock has had daily average volatility of 5.96%.
Our recommended stop-loss: ₹187.50 (-4.63%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (PREMIERPOL.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Premier Polyfilm Ltd. to open at ₹194.20, and during the day (based on 14 day Average True Range), to move between ₹185.76 and ₹207.44, which gives a possible trading interval of +/-₹10.84 (+/-5.51%) up or down from last closing price. If Premier Polyfilm Ltd. takes out the full calculated possible swing range there will be an estimated 11.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹195.75 (0.43%) than the resistance at ₹197.60 (0.51%), 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 Polyfilm Ltd. stock A Buy?
Premier Polyfilm Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.118 Hold/Accumulate Upgraded
Predicted Opening Price for Premier Polyfilm Ltd. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹194.20 ( 1.22%) | ₹196.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PREMIERPOL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 206.20 | 4.88 % | |
| R2 | 201.62 | 2.55 % | ||
| R1 | 198.78 | 1.11 % | ||
| Current price: | 196.60 | |||
| Support | S1 | 189.62 | -3.55 % | |
| S2 | 186.78 | -4.99 % | ||
| S3 | 182.20 | -7.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 218.10 | 10.94 % | |
| R2 | 212.00 | 7.83 % | ||
| R1 | 197.60 | 0.509 % | ||
| Current price | 196.60 | |||
| Support | S1 | 195.75 | -0.432% | |
| S2 | 187.15 | -4.81% | ||
| S3 | 172.25 | -12.39% |
PREMIERPOL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 16, 2022 | Sep 16, 2022 | Sep 16, 2022 | ₹0.500 | 0.481% |
| 2 | Sep 08, 2021 | Sep 08, 2021 | Sep 08, 2021 | ₹0.500 | 0.676% |
| 3 | Sep 18, 2019 | Sep 18, 2019 | Sep 18, 2019 | ₹0.500 | 2.31% |
| 4 | May 29, 2018 | Sep 19, 2018 | Oct 28, 2018 | ₹0.500 | 1.98% |
| 5 | May 29, 2017 | Sep 19, 2017 | Oct 27, 2017 | ₹0.500 | 1.33% |
FAQ
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