PTL Enterprises Limited Stock Forecast
PTL Enterprises Limited stock upgraded to Hold/Accumulate.
(Updated on May 24, 2024)
The PTL Enterprises Limited stock price fell by -0.352% on the last day (Friday, 24th May 2024) from ₹42.65 to ₹42.50. During the last trading day the stock fluctuated 3.09% from a day low at ₹42.10 to a day high of ₹43.40. The price has risen in 5 of the last 10 days and is up by 0.83% over the past 2 weeks. Volume has increased on the last day by 74 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, 143 thousand shares were bought and sold for approximately ₹6.09 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 PTL Enterprises Limited stock with a 90% probability to be traded between ₹39.02 and ₹46.58 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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PTL.NS Signals & Forecast
The PTL Enterprises Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹42.70. On a fall, the stock will find some support from the long-term average at approximately ₹42.50. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell 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, May 03, 2024, and so far it has fallen -7.31%. 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). 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 PTL Enterprises Limited stock
PTL Enterprises Limited finds support from accumulated volume at ₹42.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹1.30 (3.09%) between high and low. For the last week, the stock has had daily average volatility of 1.65%.
Our recommended stop-loss: ₹40.32 (-5.14%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (PTL.NS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect PTL Enterprises Limited to open at ₹42.67, and during the day (based on 14 day Average True Range), to move between ₹41.05 and ₹43.95, which gives a possible trading interval of +/-₹1.45 (+/-3.41%) up or down from last closing price. If PTL Enterprises Limited takes out the full calculated possible swing range there will be an estimated 6.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹42.35 (0.35%) than the resistance at ₹43.85 (3.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PTL Enterprises Limited stock A Buy?
PTL Enterprises Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.822 Hold/Accumulate Upgraded
Predicted Opening Price for PTL Enterprises Limited of Monday, May 27, 2024
Fair opening price May 27, 2024 | Current price |
---|---|
₹42.67 ( 0.392%) | ₹42.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PTL.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 43.97 | 3.45 % | |
R2 | 43.47 | 2.28 % | ||
R1 | 43.16 | 1.56 % | ||
Current price: | 42.50 | |||
Support | S1 | 42.17 | -0.776 % | |
S2 | 41.86 | -1.50 % | ||
S3 | 41.37 | -2.67 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 45.85 | 7.88 % | |
R2 | 44.90 | 5.65 % | ||
R1 | 43.85 | 3.18 % | ||
Current price | 42.50 | |||
Support | S1 | 42.35 | -0.353% | |
S2 | 42.20 | -0.706% | ||
S3 | 42.10 | -0.94% |
PTL Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 14, 2023 | Jul 14, 2023 | Jul 14, 2023 | ₹1.75 | 5.20% |
2 | Jun 30, 2022 | Jun 30, 2022 | Jun 30, 2022 | ₹2.00 | 6.36% |
3 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | ₹1.25 | 4.76% |
4 | Sep 03, 2020 | Sep 03, 2020 | Sep 03, 2020 | ₹1.25 | 5.65% |
5 | Feb 21, 2020 | Mar 04, 2020 | Mar 27, 2020 | ₹1.25 | 8.97% |
FAQ
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