52 Weeks Entertainment Limited Stock Forecast

Evaluation of 52 Weeks Entertainment Limited stock downgraded after the last trading session.
(Updated on May 17, 2024)

SHAQUAK.BO Signals & Forecast

The 52 Weeks Entertainment 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 ₹1.78 and ₹1.68. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 02, 2024, and so far it has fallen -1.60%. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for 52 Weeks Entertainment Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹1.69 and ₹1.61. 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, 52 Weeks Entertainment Limited finds support just below today's level at ₹1.69. If this is broken, then the next support from accumulated volume will be at ₹1.61 and ₹1.55.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.120 between high and low, or 6.59%. For the last week the stock has had daily average volatility of 7.00%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SHAQUAK.BO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect 52 Weeks Entertainment Limited to open at ₹1.87, and during the day (based on 14 day Average True Range), to move between ₹1.71 and ₹1.97, which gives a possible trading interval of +/-₹0.127 (+/-6.89%) up or down from last closing price. If 52 Weeks Entertainment Limited takes out the full calculated possible swing range there will be an estimated 13.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹1.92 (4.35%) than the support at ₹1.69 (8.15%), 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 52 Weeks Entertainment Limited stock A Buy?

52 Weeks Entertainment Limited holds several negative signals and we believe that 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 Buy to a Sell candidate.

Current score: -1.636 Sell Candidate Downgraded

Predicted Opening Price for 52 Weeks Entertainment Limited of Tuesday, May 21, 2024

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