PVP VENTURES LTD. Stock Forecast
Red day on Friday for PVP VENTURES LTD. stock after losing 2.19%
(Updated on Jun 21, 2024)
The PVP VENTURES LTD. stock price fell by -2.19% on the last day (Friday, 21st Jun 2024) from ₹27.41 to ₹26.81. During the last trading day the stock fluctuated 4.45% from a day low at ₹26.77 to a day high of ₹27.96. The price has risen in 7 of the last 10 days and is up by 19.16% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -81 thousand shares and in total, 39 thousand shares were bought and sold for approximately ₹1.04 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹28.47 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -33.67% during the next 3 months and, with a 90% probability hold a price between ₹12.36 and ₹18.88 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PVP.BO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The PVP VENTURES LTD. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹27.95 and ₹27.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -9.06%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for PVP VENTURES LTD. stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹24.28 and ₹23.07. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, PVP VENTURES LTD. finds support just below today's level at ₹24.28. If this is broken, then the next support from accumulated volume will be at ₹23.07 and ₹21.43.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹1.19 between high and low, or 4.45%. For the last week the stock has had daily average volatility of 5.94%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PVP.BO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect PVP VENTURES LTD. to open at ₹27.18, and during the day (based on 14 day Average True Range), to move between ₹25.25 and ₹28.37, which gives a possible trading interval of +/-₹1.56 (+/-5.82%) up or down from last closing price. If PVP VENTURES LTD. takes out the full calculated possible swing range there will be an estimated 11.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹27.34 (1.98%) than the support at ₹24.28 (9.44%), 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 PVP VENTURES LTD. stock A Buy?
PVP VENTURES LTD. holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.654 Sell Candidate Unchanged
Predicted Opening Price for PVP VENTURES LTD. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹27.18 ( 1.38%) | ₹26.81 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PVP.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.37 | 5.82% |
| R2 | 27.92 | 4.12% |
| R1 | 27.63 | 3.08% |
| Price | 26.81 | |
| S1 | 26.73 | -0.315% |
| S2 | 26.44 | -1.36% |
| S3 | 25.99 | -3.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.05 | 15.81% |
| R2 | 29.48 | 9.96% |
| R1 | 27.34 | 1.98% |
| Price | 26.81 | |
| S1 | 24.28 | -9.44% |
| S2 | 23.07 | -13.95% |
| S3 | 21.43 | -20.07% |
PVP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 19, 2004 | Mar 19, 2004 | Mar 19, 2004 | ₹1.00 | 0.717% |
| 2 | Oct 29, 2002 | Oct 29, 2002 | Oct 29, 2002 | ₹2.00 | 2.36% |
| 3 | Sep 24, 2001 | Sep 24, 2001 | Sep 24, 2001 | ₹6.00 | 5.97% |
| 4 | Nov 01, 2000 | Nov 01, 2000 | Nov 01, 2000 | ₹4.00 | 0.170% |
FAQ
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