PSP Projects Limited Stock Forecast
Red day on Thursday for PSP Projects Limited stock after losing 1.12%
(Updated on Jun 13, 2024)
The PSP Projects Limited stock price fell by -1.12% on the last day (Thursday, 13th Jun 2024) from ₹668.50 to ₹661.00. During the last trading day the stock fluctuated 2.10% from a day low at ₹658.15 to a day high of ₹671.95. The price has risen in 7 of the last 10 days and is up by 2.96% over the past 2 weeks. Volume has increased on the last day by 6 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, 9 thousand shares were bought and sold for approximately ₹5.86 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 -2.03% during the next 3 months and, with a 90% probability hold a price between ₹597.28 and ₹709.69 at the end of this 3-month period.
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PSPPROJECT.BO Signals & Forecast
The PSP Projects Limited 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 ₹656.29 and ₹660.10. 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 8.09%. 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. 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 PSP Projects Limited stock
PSP Projects Limited finds support from accumulated volume at ₹654.45 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 ₹13.80 between high and low, or 2.10%. For the last week, the stock has had daily average volatility of 2.51%.
Our recommended stop-loss: ₹629.83 (-4.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (PSPPROJECT.BO) For The Upcoming Trading Day Of Friday 14th
For the upcoming trading day on Friday, 14th we expect PSP Projects Limited to open at ₹663.70, and during the day (based on 14 day Average True Range), to move between ₹636.46 and ₹685.54, which gives a possible trading interval of +/-₹24.54 (+/-3.71%) up or down from last closing price. If PSP Projects Limited takes out the full calculated possible swing range there will be an estimated 7.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹654.45 (0.99%) than the resistance at ₹667.90 (1.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PSP Projects Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.683 Buy Candidate Unchanged
Predicted Opening Price for PSP Projects Limited of Friday, June 14, 2024
| Fair opening price June 14, 2024 | Current price |
|---|---|
| ₹663.70 ( 0.408%) | ₹661.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PSPPROJECT.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 677.50 | 2.50% |
| R2 | 672.23 | 1.70% |
| R1 | 668.97 | 1.21% |
| Price | 661.00 | |
| S1 | 658.43 | -0.389% |
| S2 | 655.17 | -0.88% |
| S3 | 649.90 | -1.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 686.10 | 3.80% |
| R2 | 673.15 | 1.84% |
| R1 | 667.90 | 1.04% |
| Price | 661.00 | |
| S1 | 654.45 | -0.99% |
| S2 | 631.00 | -4.54% |
| S3 | 614.45 | -7.04% |
PSPPROJECT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 01, 2023 | Sep 01, 2023 | Oct 09, 2023 | ₹2.50 | 0.323% |
| 2 | Sep 19, 2022 | Sep 19, 2022 | Mar 28, 2020 | ₹5.00 | 1.54% |
| 3 | Sep 14, 2017 | Sep 14, 2017 | Oct 27, 2017 | ₹2.50 | 0.599% |
FAQ
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