Shemaroo Entertainment Limited Stock Forecast
Shemaroo Entertainment Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 26, 2024)
The Shemaroo Entertainment Limited stock price fell by -0.718% on the last day (Wednesday, 26th Jun 2024) from ₹149.08 to ₹148.01. During the last trading day the stock fluctuated 2.68% from a day low at ₹147.15 to a day high of ₹151.10. The price has been going up and down for this period, and there has been a -0.02% loss for the last 2 weeks. 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 -41 thousand shares and in total, 24 thousand shares were bought and sold for approximately ₹3.59 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 -8.95% during the next 3 months and, with a 90% probability hold a price between ₹119.24 and ₹146.99 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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SHEMAROO.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 9.80%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Shemaroo Entertainment Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹149.22 and ₹149.17. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Shemaroo Entertainment Limited stock
Shemaroo Entertainment Limited finds support from accumulated volume at ₹143.75 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 ₹3.95 between high and low, or 2.68%. For the last week, the stock has had daily average volatility of 3.69%.
Our recommended stop-loss: ₹142.71 (-3.58%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 71 and this increases the risk substantially. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (SHEMAROO.NS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Shemaroo Entertainment Limited to open at ₹148.75, and during the day (based on 14 day Average True Range), to move between ₹142.52 and ₹153.50, which gives a possible trading interval of +/-₹5.49 (+/-3.71%) up or down from last closing price. If Shemaroo Entertainment Limited takes out the full calculated possible swing range there will be an estimated 7.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹143.75 (2.88%) than the resistance at ₹162.35 (9.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Shemaroo Entertainment Limited stock A Buy?
Shemaroo Entertainment Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.204 Hold/Accumulate Upgraded
Predicted Opening Price for Shemaroo Entertainment Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹148.75 ( 0.502%) | ₹148.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHEMAROO.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 152.70 | 3.17% |
| R2 | 151.19 | 2.15% |
| R1 | 150.26 | 1.52% |
| Price | 148.01 | |
| S1 | 147.24 | -0.517% |
| S2 | 146.31 | -1.15% |
| S3 | 144.80 | -2.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 172.70 | 16.68% |
| R2 | 162.80 | 9.99% |
| R1 | 162.35 | 9.69% |
| Price | 148.01 | |
| S1 | 143.75 | -2.88% |
| S2 | 142.90 | -3.45% |
| S3 | 141.40 | -4.47% |
SHEMAROO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 13, 2019 | Sep 16, 2019 | Sep 24, 2019 | ₹1.65 | 0.650% |
| 2 | May 16, 2018 | Sep 03, 2018 | Sep 11, 2018 | ₹1.55 | 0.324% |
| 3 | May 09, 2017 | Sep 19, 2017 | Oct 27, 2017 | ₹1.40 | 0.354% |
| 4 | May 06, 2016 | Sep 16, 2016 | Oct 26, 2016 | ₹1.40 | 0.437% |
| 5 | May 06, 2015 | Sep 11, 2015 | Oct 21, 2015 | ₹1.20 | 0.448% |
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