Quess Corp Limited Stock Forecast
Quess Corp Limited stock upgraded from Buy Candidate to Strong Buy Candidate after Friday trading session.
(Updated on Apr 26, 2024)
The Quess Corp Limited stock price gained 1.97% on the last trading day (Friday, 26th Apr 2024), rising from ₹626.40 to ₹638.75. During the last trading day the stock fluctuated 2.40% from a day low at ₹626.00 to a day high of ₹641.00. The price has risen in 6 of the last 10 days and is up by 11.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 129 thousand more shares were traded than the day before. In total, 276 thousand shares were bought and sold for approximately ₹176.51 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹635.06, a level that may pose a second chance to hit a runner. According to fan-theory ₹729.65 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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QUESS.NS Signals & Forecast
The Quess Corp 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 ₹629.52 and ₹552.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 33.18%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Quess Corp Limited stock
Quess Corp Limited finds support from accumulated volume at ₹611.25 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 ₹15.00 between high and low, or 2.40%. For the last week, the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: ₹615.63 (-3.62%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (QUESS.NS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Quess Corp Limited to open at ₹635.25, and during the day (based on 14 day Average True Range), to move between ₹618.36 and ₹659.14, which gives a possible trading interval of +/-₹20.39 (+/-3.19%) up or down from last closing price. If Quess Corp Limited takes out the full calculated possible swing range there will be an estimated 6.39% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹611.25, some ₹27.50 (4.31%) from the current price of ₹638.75, our system finds the risk reward attractive.
Is Quess Corp Limited stock A Buy?
Quess Corp Limited holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.219 Strong Buy Candidate Upgraded
Predicted Opening Price for Quess Corp Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹635.25 ( 0.548%) | ₹638.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QUESS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 650.25 | 1.80 % | |
| R2 | 644.52 | 0.90 % | ||
| R1 | 640.98 | 0.349 % | ||
| Current price: | 638.75 | |||
| Support | S1 | 629.52 | -1.45 % | |
| S2 | 625.98 | -2.00 % | ||
| S3 | 620.25 | -2.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 638.75 | |||
| Support | S1 | 611.25 | -4.31% | |
| S2 | 588.55 | -7.86% | ||
| S3 | 540.60 | -15.37% |
QUESS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 12, 2024 | Feb 12, 2024 | Feb 22, 2024 | ₹4.00 | 0.744% |
| 2 | Nov 17, 2022 | Nov 17, 2022 | Nov 17, 2022 | ₹8.00 | 1.73% |
| 3 | Jun 09, 2022 | Jun 09, 2022 | Jun 09, 2022 | ₹4.00 | 0.599% |
| 4 | Nov 22, 2021 | Nov 22, 2021 | Nov 22, 2021 | ₹4.00 | 0.437% |
| 5 | May 11, 2021 | May 11, 2021 | May 11, 2021 | ₹7.00 | 1.09% |
FAQ
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