PTL Enterprises Limited Stock Forecast
PTL Enterprises Limited stock upgraded to Buy Candidate.
(Updated on Jun 27, 2024)
The PTL Enterprises Limited stock price gained 0.98% on the last trading day (Thursday, 27th Jun 2024), rising from ₹43.90 to ₹44.33. During the last trading day the stock fluctuated 6.74% from a day low at ₹43.94 to a day high of ₹46.90. The price has been going up and down for this period, and there has been a 4.31% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 47 thousand more shares were traded than the day before. In total, 59 thousand shares were bought and sold for approximately ₹2.60 million.
The stock lies in the middle of a 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 2.91% during the next 3 months and, with a 90% probability hold a price between ₹40.20 and ₹48.01 at the end of this 3-month period.
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PTL.BO Signals & Forecast
The PTL Enterprises 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 ₹44.17 and ₹42.48. 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 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 Wednesday, June 19, 2024, and so far it has fallen -0.761%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for PTL Enterprises Limited stock
PTL Enterprises Limited finds support from accumulated volume at ₹43.64 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 ₹2.96 between high and low, or 6.74%. For the last week, the stock has had daily average volatility of 3.12%.
Our recommended stop-loss: ₹42.75 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (PTL.BO) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect PTL Enterprises Limited to open at ₹45.06, and during the day (based on 14 day Average True Range), to move between ₹42.75 and ₹45.91, which gives a possible trading interval of +/-₹1.58 (+/-3.56%) up or down from last closing price. If PTL Enterprises Limited takes out the full calculated possible swing range there will be an estimated 7.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹44.38 (0.11%) than the support at ₹43.64 (1.56%), 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 PTL Enterprises Limited 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 PTL Enterprises Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.056 Buy Candidate Upgraded
Predicted Opening Price for PTL Enterprises Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₹45.06 ( 1.64%) | ₹44.33 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 48.02 | 8.32% |
| R2 | 46.89 | 5.77% |
| R1 | 46.19 | 4.19% |
| Price | 44.33 | |
| S1 | 43.93 | -0.91% |
| S2 | 43.23 | -2.49% |
| S3 | 42.10 | -5.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 45.81 | 3.34% |
| R2 | 44.96 | 1.42% |
| R1 | 44.38 | 0.113% |
| Price | 44.33 | |
| S1 | 43.64 | -1.56% |
| S2 | 43.62 | -1.60% |
| S3 | 38.70 | -12.70% |
PTL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2024 | Jul 12, 2024 | Aug 23, 2024 | ₹1.75 | 3.95% |
| 2 | Jul 14, 2023 | Jul 14, 2023 | Sep 02, 2023 | ₹1.75 | 5.20% |
| 3 | Jun 30, 2022 | Jun 30, 2022 | Aug 13, 2022 | ₹2.00 | 6.58% |
| 4 | Jun 22, 2017 | Jun 22, 2017 | Aug 04, 2017 | ₹1.25 | 5.84% |
| 5 | Jul 26, 2016 | Jul 26, 2016 | Jul 26, 2016 | ₹1.00 | 1.60% |
FAQ
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