Rupa & Company Limited Stock Forecast
Rupa & Company Limited stock downgraded to Strong Sell Candidate
(Updated on May 24, 2024)
The Rupa & Company Limited stock price fell by -2.07% on the last day (Friday, 24th May 2024) from ₹265.30 to ₹259.80. During the last trading day the stock fluctuated 3.47% from a day low at ₹258.10 to a day high of ₹267.05. The price has fallen in 5 of the last 10 days but is still up by 1.76% over the past 2 weeks. Volume has increased on the last day by 122 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 311 thousand shares were bought and sold for approximately ₹80.70 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Rupa & Company Limited stock with a 90% probability to be traded between ₹243.50 and ₹279.32 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RUPA.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Rupa & Company Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹262.70 and ₹262.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -5.37%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Rupa & Company Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹244.85 and ₹243.35. 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, Rupa & Company Limited finds support just below today's level at ₹244.85. If this is broken, then the next support from accumulated volume will be at ₹243.35 and ₹238.75.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹8.95 (3.47%) between high and low. For the last week, the stock has had daily average volatility of 2.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RUPA.NS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Rupa & Company Limited to open at ₹261.65, and during the day (based on 14 day Average True Range), to move between ₹252.73 and ₹266.87, which gives a possible trading interval of +/-₹7.07 (+/-2.72%) up or down from last closing price. If Rupa & Company Limited takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹269.45 (3.71%) than the support at ₹244.85 (5.75%), 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 Rupa & Company Limited stock A Buy?
Rupa & Company Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.067 Strong Sell Candidate Downgraded
Predicted Opening Price for Rupa & Company Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| ₹261.65 ( 0.712%) | ₹259.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RUPA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 270.60 | 4.16 % | |
| R2 | 267.18 | 2.84 % | ||
| R1 | 265.07 | 2.03 % | ||
| Current price: | 259.80 | |||
| Support | S1 | 258.23 | -0.604 % | |
| S2 | 256.12 | -1.42 % | ||
| S3 | 252.70 | -2.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 274.55 | 5.68 % | |
| R2 | 272.75 | 4.98 % | ||
| R1 | 269.45 | 3.71 % | ||
| Current price | 259.80 | |||
| Support | S1 | 244.85 | -5.75% | |
| S2 | 243.35 | -6.33% | ||
| S3 | 238.75 | -8.10% |
RUPA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 01, 2023 | Aug 01, 2023 | Aug 01, 2023 | ₹3.00 | 1.00% |
| 2 | Aug 08, 2022 | Aug 08, 2022 | Aug 08, 2022 | ₹3.00 | 0.82% |
| 3 | Aug 23, 2021 | Aug 23, 2021 | Aug 23, 2021 | ₹2.00 | 0.493% |
| 4 | Sep 10, 2020 | Sep 10, 2020 | Sep 10, 2020 | ₹3.00 | 1.58% |
| 5 | May 25, 2019 | Aug 29, 2019 | Sep 30, 2019 | ₹3.00 | 1.71% |
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