Quadrant Televentures Limited Stock Forecast
Quadrant Televentures Limited stock upgraded to Sell Candidate.
(Updated on Apr 24, 2024)
The Quadrant Televentures Limited stock price gained 1.85% on the last trading day (Wednesday, 24th Apr 2024), rising from ₹1.62 to ₹1.65. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0% from a day low at ₹1.65 to a day high of ₹1.65. The price has fallen in 7 of the last 10 days and is down by -8.33% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 33 thousand more shares were traded than the day before. In total, 149 thousand shares were bought and sold for approximately ₹245.94 thousand.
The stock lies in the middle of a very 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 -3.15% during the next 3 months and, with a 90% probability hold a price between ₹1.20 and ₹2.56 at the end of this 3-month period.
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QUADRANT.BO Signals & Forecast
There are mixed signals in the stock today. The Quadrant Televentures Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹1.87. On a fall, the stock will find some support from the short-term average at ₹1.61. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, February 20, 2024, and so far it has fallen -38.89%. 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). Quadrant Televentures Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Quadrant Televentures Limited stock
Quadrant Televentures Limited finds support from accumulated volume at ₹1.62 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 ₹0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.385%.
Quadrant Televentures Limited is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (QUADRANT.BO) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Quadrant Televentures Limited to open at ₹1.65, and during the day (based on 14 day Average True Range), to move between ₹1.59 and ₹1.71, which gives a possible trading interval of +/-₹0.0586 (+/-3.55%) up or down from last closing price. If Quadrant Televentures Limited takes out the full calculated possible swing range there will be an estimated 7.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹1.62 (1.82%) than the resistance at ₹1.90 (15.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Quadrant Televentures Limited stock A Buy?
Quadrant Televentures Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.953 Sell Candidate Upgraded
Predicted Opening Price for Quadrant Televentures Limited of Thursday, April 25, 2024
Fair opening price April 25, 2024 | Current price |
---|---|
₹1.65 ( 0.00000000%) | ₹1.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QUADRANT.BO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.65 | 0.00000000 % | |
R2 | 1.65 | 0.00000000 % | ||
R1 | 1.65 | 0.00000000 % | ||
Current price: | 1.65 | |||
Support | S1 | 1.65 | 0.00000000 % | |
S2 | 1.65 | 0.00000000 % | ||
S3 | 1.65 | 0.00000000 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 2.04 | 23.64 % | |
R2 | 1.95 | 18.18 % | ||
R1 | 1.90 | 15.15 % | ||
Current price | 1.65 | |||
Support | S1 | 1.62 | -1.82% | |
S2 | 1.38 | -16.36% | ||
S3 | 1.32 | -20.00% |
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