Prestige Estates Projects Limited Stock Forecast
Prestige Estates Projects Limited stock price ended at ₹1,231.05 on Friday, after gaining 0.318%.
(Updated on Apr 19, 2024)
The Prestige Estates Projects Limited stock price gained 0.318% on the last trading day (Friday, 19th Apr 2024), rising from ₹1,227.15 to ₹1,231.05. During the last trading day the stock fluctuated 4.04% from a day low at ₹1,195.70 to a day high of ₹1,244.00. The price has fallen in 6 of the last 10 days and is down by -5.62% for this period. Volume fell on the last day by -638 thousand shares and in total, 448 thousand shares were bought and sold for approximately ₹551.95 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 is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Prestige Estates Projects Limited stock with a 90% probability to be traded between ₹991.89 and ₹1,312.87 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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PRESTIGE.NS Signals & Forecast
The Prestige Estates Projects 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 ₹1,225.15 and ₹1,182.38. A breakdown below any of these levels will issue sell signals. 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. 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 Tuesday, April 02, 2024, and so far it has fallen -6.29%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Prestige Estates Projects Limited stock
Prestige Estates Projects Limited finds support from accumulated volume at ₹1,196.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹48.30 between high and low, or 4.04%. For the last week, the stock has had daily average volatility of 4.86%.
Our recommended stop-loss: ₹1,177.55 (-4.35%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (PRESTIGE.NS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Prestige Estates Projects Limited to open at ₹1,223.58, and during the day (based on 14 day Average True Range), to move between ₹1,171.10 and ₹1,291.00, which gives a possible trading interval of +/-₹59.95 (+/-4.87%) up or down from last closing price. If Prestige Estates Projects Limited takes out the full calculated possible swing range there will be an estimated 9.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹1,196.50 (2.81%) than the resistance at ₹1,267.05 (2.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Prestige Estates Projects Limited will release earnings BMO on Monday, April 22, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.49. We will update the financials statements for Prestige Estates Projects Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.41% in the first trading day after earnings release.
Is Prestige Estates Projects Limited stock A Buy?
Prestige Estates Projects Limited 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.
Current score: -0.146 Hold/Accumulate Unchanged
Predicted Opening Price for Prestige Estates Projects Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ₹1,223.58 ( 0.607%) | ₹1,231.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRESTIGE.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,271.88 | 3.32 % | |
| R2 | 1,253.43 | 1.82 % | ||
| R1 | 1,242.03 | 0.89 % | ||
| Current price: | 1,231.05 | |||
| Support | S1 | 1,205.13 | -2.11 % | |
| S2 | 1,193.73 | -3.03 % | ||
| S3 | 1,175.28 | -4.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,313.65 | 6.71 % | |
| R2 | 1,275.45 | 3.61 % | ||
| R1 | 1,267.05 | 2.92 % | ||
| Current price | 1,231.05 | |||
| Support | S1 | 1,196.50 | -2.81% | |
| S2 | 1,166.75 | -5.22% | ||
| S3 | 1,043.50 | -15.23% |
PRESTIGE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 2023 | Sep 14, 2023 | Sep 14, 2023 | ₹1.50 | 0.238% |
| 2 | Sep 19, 2022 | Sep 19, 2022 | Sep 19, 2022 | ₹1.50 | 0.327% |
| 3 | Sep 17, 2021 | Sep 17, 2021 | Sep 17, 2021 | ₹1.50 | 0.365% |
| 4 | Mar 09, 2020 | Mar 19, 2020 | Apr 12, 2020 | ₹1.50 | 0.82% |
| 5 | May 27, 2019 | Sep 17, 2019 | Oct 25, 2019 | ₹1.50 | 0.500% |
FAQ
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