RSWM Limited Stock Forecast
RSWM Limited stock price ended at ₹187.25 on Friday, after losing 0.531%.
(Updated on May 03, 2024)
The RSWM Limited stock price fell by -0.531% on the last day (Friday, 3rd May 2024) from ₹188.25 to ₹187.25. During the last trading day the stock fluctuated 2.55% from a day low at ₹186.30 to a day high of ₹191.05. The price has fallen in 6 of the last 10 days and is down by -0.77% for this period. 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 -1 thousand shares and in total, 4 thousand shares were bought and sold for approximately ₹802.37 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 -12.87% during the next 3 months and, with a 90% probability hold a price between ₹133.44 and ₹181.74 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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RSWM.BO Signals & Forecast
The RSWM 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 ₹191.01. On a fall, the stock will find some support from the long-term average at approximately ₹185.70. 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. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 10.21%. Further rise is indicated until a new top pivot has been found. 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). 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 RSWM Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹176.30 and ₹176.00. 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, RSWM Limited finds support just below today's level at ₹176.30. If this is broken, then the next support from accumulated volume will be at ₹176.00 and ₹169.90.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₹4.75 between high and low, or 2.55%. For the last week the stock has had daily average volatility of 2.66%
Our recommended stop-loss: ₹179.76 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 31 days ago.)
Trading Expectations (RSWM.BO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect RSWM Limited to open at ₹188.20, and during the day (based on 14 day Average True Range), to move between ₹180.81 and ₹193.69, which gives a possible trading interval of +/-₹6.44 (+/-3.44%) up or down from last closing price. If RSWM Limited takes out the full calculated possible swing range there will be an estimated 6.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹176.30 (5.85%) than the resistance at ₹199.30 (6.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is RSWM Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.659 Buy Candidate Unchanged
Predicted Opening Price for RSWM Limited of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
₹188.20 ( 0.507%) | ₹187.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RSWM.BO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 192.95 | 3.04 % | |
R2 | 191.14 | 2.08 % | ||
R1 | 190.01 | 1.48 % | ||
Current price: | 187.25 | |||
Support | S1 | 186.39 | -0.462 % | |
S2 | 185.26 | -1.06 % | ||
S3 | 183.45 | -2.03 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 232.35 | 24.09 % | |
R2 | 204.35 | 9.13 % | ||
R1 | 199.30 | 6.44 % | ||
Current price | 187.25 | |||
Support | S1 | 176.30 | -5.85% | |
S2 | 176.00 | -6.01% | ||
S3 | 169.90 | -9.27% |
FAQ
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