Rodium Realty Limited Stock Forecast
Rodium Realty Limited stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Rodium Realty Limited stock price gained 1.98% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹74.40 to ₹75.87. During the last trading day the stock fluctuated 0.0132% from a day low at ₹75.87 to a day high of ₹75.88. The price has risen in 5 of the last 10 days and is up by 4.03% 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, 2 more shares were traded than the day before. In total, 31 shares were bought and sold for approximately ₹2.35 thousand.
The stock lies in the upper part of a very wide and strong rising 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 ₹77.02 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 14.68% during the next 3 months and, with a 90% probability hold a price between ₹69.76 and ₹88.33 at the end of this 3-month period.
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RODIUM.BO Signals & Forecast
The Rodium Realty 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 ₹75.08 and ₹67.37. A breakdown below any of these levels will issue sell signals. Rodium Realty 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. The very low volume increases the risk and reduces the other technical signals issued. 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, June 14, 2024, and so far it has fallen -0.171%. 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).
Support, Risk & Stop-loss for Rodium Realty Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹70.56 and ₹66.97. 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, Rodium Realty Limited finds support just below today's level at ₹70.56. If this is broken, then the next support from accumulated volume will be at ₹66.97 and ₹66.85.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹0.0100 between high and low, or 0.0132%. For the last week, the stock has had daily average volatility of 0.0026%.
Our recommended stop-loss: ₹73.15 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (RODIUM.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Rodium Realty Limited to open at ₹75.87, and during the day (based on 14 day Average True Range), to move between ₹74.44 and ₹77.30, which gives a possible trading interval of +/-₹1.43 (+/-1.88%) up or down from last closing price. If Rodium Realty Limited takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹75.90 (0.04%) than the support at ₹70.56 (7.00%), 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 Rodium Realty 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 Rodium Realty 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: 2.589 Buy Candidate Upgraded
Predicted Opening Price for Rodium Realty Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹75.87 ( 0.0044%) | ₹75.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RODIUM.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 75.88 | 0.0176% |
| R2 | 75.88 | 0.0125% |
| R1 | 75.88 | 0.0094% |
| Price | 75.87 | |
| S1 | 75.87 | -0.0006% |
| S2 | 75.87 | -0.0038% |
| S3 | 75.86 | -0.0088% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 76.00 | 0.171% |
| R1 | 75.90 | 0.0395% |
| Price | 75.87 | |
| S1 | 70.56 | -7.00% |
| S2 | 66.97 | -11.73% |
| S3 | 66.85 | -11.89% |
RODIUM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 19, 2019 | Sep 19, 2019 | Oct 26, 2019 | ₹1.00 | 0.97% |
| 2 | Sep 19, 2018 | Sep 19, 2018 | Oct 27, 2018 | ₹0.80 | 0.669% |
| 3 | Sep 14, 2017 | Sep 14, 2017 | Oct 21, 2017 | ₹1.00 | 0.83% |
| 4 | Sep 19, 2016 | Sep 19, 2016 | Sep 19, 2016 | ₹0.80 | 0.571% |
| 5 | Sep 16, 2015 | Sep 16, 2015 | Sep 16, 2015 | ₹0.80 | 0.506% |
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