RGF Capital Markets Limited Stock Forecast

Stronger technical forecast for RGF Capital Markets Limited stock price after Tuesday trading.
(Updated on Jun 25, 2024)

RGF.BO Signals & Forecast

The RGF Capital Markets 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 ₹0.757. On a fall, the stock will find some support from the long-term average at approximately ₹0.717. 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 Tuesday, June 04, 2024, and so far it has fallen -17.78%. 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 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 RGF Capital Markets Limited stock

RGF Capital Markets Limited finds support from accumulated volume at ₹0.710 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹0.0400 between high and low, or 5.41%. For the last week the stock has had daily average volatility of 6.84%.

RGF Capital Markets Limited is oversold on RSI14 (26). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: ₹0.692 (-6.48%) (This stock has high daily movements and this gives high risk. Low RSI14 is 26 which reduces the risk some. There is a sell signal from a pivot top found 28 days ago.)

Trading Expectations (RGF.BO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect RGF Capital Markets Limited to open at ₹0.753, and during the day (based on 14 day Average True Range), to move between ₹0.689 and ₹0.791, which gives a possible trading interval of +/-₹0.0513 (+/-6.93%) up or down from last closing price. If RGF Capital Markets Limited takes out the full calculated possible swing range there will be an estimated 13.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹0.750 (1.35%) than the support at ₹0.710 (4.05%), 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 RGF Capital Markets 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 RGF Capital Markets 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: 1.307 Buy Candidate Upgraded

Predicted Opening Price for RGF Capital Markets Limited of Wednesday, June 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.