Shemaroo Entertainment Limited Stock Forecast
Green day on Tuesday for Shemaroo Entertainment Limited
(Updated on Jun 25, 2024)
The Shemaroo Entertainment Limited stock price gained 1.08% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹147.70 to ₹149.30. During the last trading day the stock fluctuated 3.20% from a day low at ₹148.60 to a day high of ₹153.35. The price has been going up and down for this period, and there has been a 1.32% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 6 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately ₹1.21 million.
The stock lies in the middle of a 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 -8.03% during the next 3 months and, with a 90% probability hold a price between ₹121.00 and ₹149.77 at the end of this 3-month period.
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SHEMAROO.BO Signals & Forecast
There are mixed signals in the stock today. The Shemaroo Entertainment 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 ₹149.56 and ₹149.88. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 10.59%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Shemaroo Entertainment 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Shemaroo Entertainment Limited stock
Shemaroo Entertainment Limited finds support from accumulated volume at ₹142.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹4.75 between high and low, or 3.20%. For the last week, the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SHEMAROO.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Shemaroo Entertainment Limited to open at ₹150.42, and during the day (based on 14 day Average True Range), to move between ₹144.02 and ₹154.58, which gives a possible trading interval of +/-₹5.28 (+/-3.54%) up or down from last closing price. If Shemaroo Entertainment Limited takes out the full calculated possible swing range there will be an estimated 7.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹150.50 (0.80%) than the support at ₹142.75 (4.39%), 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 Shemaroo Entertainment Limited stock A Buy?
Shemaroo 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.
Current score: -1.205 Sell Candidate Unchanged
Predicted Opening Price for Shemaroo Entertainment Limited of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
₹150.42 ( 0.748%) | ₹149.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHEMAROO.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 155.17 | 3.93% |
R2 | 153.35 | 2.71% |
R1 | 152.23 | 1.96% |
Price | 149.30 | |
S1 | 148.60 | -0.467% |
S2 | 147.48 | -1.22% |
S3 | 145.67 | -2.43% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 172.90 | 15.81% |
R2 | 168.10 | 12.59% |
R1 | 150.50 | 0.80% |
Price | 149.30 | |
S1 | 142.75 | -4.39% |
S2 | 141.65 | -5.12% |
S3 | 141.00 | -5.56% |
SHEMAROO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 16, 2019 | Sep 16, 2019 | Oct 24, 2019 | ₹1.65 | 0.91% |
2 | Sep 19, 2017 | Sep 19, 2017 | Oct 27, 2017 | ₹1.40 | 0.359% |
3 | Sep 16, 2016 | Sep 16, 2016 | Sep 16, 2016 | ₹1.40 | 0.415% |
4 | Sep 11, 2015 | Sep 11, 2015 | Sep 11, 2015 | ₹1.20 | 0.478% |
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