Themis Medicare Limited Stock Forecast
Themis Medicare Limited stock price up 0.358% on Friday
(Updated on Jun 28, 2024)
The Themis Medicare Limited stock price gained 0.358% on the last trading day (Friday, 28th Jun 2024), rising from ₹209.75 to ₹210.50. During the last trading day the stock fluctuated 2.94% from a day low at ₹209.00 to a day high of ₹215.15. The price has fallen in 7 of the last 10 days and is down by -4.43% for this period. Volume fell on the last day by -841 shares and in total, 5 thousand shares were bought and sold for approximately ₹1.02 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -3.24% during the next 3 months and, with a 90% probability hold a price between ₹182.51 and ₹214.22 at the end of this 3-month period.
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THEMISMED.BO Signals & Forecast
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 Themis Medicare 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 ₹215.74 and ₹211.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -5.31%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Themis Medicare Limited stock
Themis Medicare Limited finds support from accumulated volume at ₹210.30 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹6.15 between high and low, or 2.94%. For the last week the stock has had daily average volatility of 3.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (THEMISMED.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Themis Medicare Limited to open at ₹211.55, and during the day (based on 14 day Average True Range), to move between ₹202.17 and ₹218.83, which gives a possible trading interval of +/-₹8.33 (+/-3.96%) up or down from last closing price. If Themis Medicare Limited takes out the full calculated possible swing range there will be an estimated 7.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹210.30 (0.10%) than the resistance at ₹216.95 (3.06%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Themis Medicare Limited stock A Buy?
Themis Medicare 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.
Current score: -2.169 Sell Candidate Unchanged
Predicted Opening Price for Themis Medicare Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹211.55 ( 0.499%) | ₹210.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for THEMISMED.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 217.70 | 3.42% |
| R2 | 215.35 | 2.30% |
| R1 | 213.90 | 1.61% |
| Price | 210.50 | |
| S1 | 209.20 | -0.617% |
| S2 | 207.75 | -1.31% |
| S3 | 205.40 | -2.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 222.30 | 5.61% |
| R2 | 217.95 | 3.54% |
| R1 | 216.95 | 3.06% |
| Price | 210.50 | |
| S1 | 210.30 | -0.0950% |
| S2 | 209.90 | -0.285% |
| S3 | 203.25 | -3.44% |
THEMISMED Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2024 | Jul 12, 2024 | Aug 21, 2024 | ₹0.500 | 0.238% |
| 2 | Sep 01, 2023 | Sep 01, 2023 | Oct 09, 2023 | ₹5.00 | 2.71% |
| 3 | Jun 16, 2010 | Jun 16, 2010 | Jun 16, 2010 | ₹3.00 | 11.46% |
| 4 | Aug 01, 2008 | Aug 01, 2008 | Aug 01, 2008 | ₹2.50 | 19.84% |
| 5 | Sep 14, 2007 | Sep 14, 2007 | Sep 14, 2007 | ₹2.00 | 11.34% |
FAQ
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