Transformers & Rectifiers Stock Forecast
Evaluation of Transformers & Rectifiers stock downgraded after the last trading session.
(Updated on Jun 14, 2024)
The Transformers & Rectifiers stock price fell by -1.52% on the last day (Friday, 14th Jun 2024) from ₹808.20 to ₹795.95. During the last trading day the stock fluctuated 4.46% from a day low at ₹784.00 to a day high of ₹819.00. The price has risen in 6 of the last 10 days and is up by 13.76% over the past 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 -28 thousand shares and in total, 30 thousand shares were bought and sold for approximately ₹23.68 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹815.18 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 98.55% during the next 3 months and, with a 90% probability hold a price between ₹1,377.74 and ₹1,618.56 at the end of this 3-month period.
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TRIL.BO Signals & Forecast
The Transformers & Rectifiers 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 ₹767.88 and ₹663.36. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -1.52%. Further fall is indicated until a new bottom pivot has been found. 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 Transformers & Rectifiers stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹650.55 and ₹619.60. 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, Transformers & Rectifiers finds support just below today's level at ₹650.55. If this is broken, then the next support from accumulated volume will be at ₹619.60 and ₹604.65.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹35.00 between high and low, or 4.46%. For the last week, the stock has had daily average volatility of 4.27%.
Our recommended stop-loss: ₹766.57 (-3.69%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (TRIL.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Transformers & Rectifiers to open at ₹799.65, and during the day (based on 14 day Average True Range), to move between ₹753.06 and ₹838.84, which gives a possible trading interval of +/-₹42.89 (+/-5.39%) up or down from last closing price. If Transformers & Rectifiers takes out the full calculated possible swing range there will be an estimated 10.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹806.15 (1.28%) than the support at ₹650.55 (18.27%), 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 Transformers & Rectifiers stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Transformers & Rectifiers stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.671 Buy Candidate Downgraded
Predicted Opening Price for Transformers & Rectifiers of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹799.65 ( 0.465%) | ₹795.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRIL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 834.65 | 4.86% |
| R2 | 821.28 | 3.18% |
| R1 | 813.02 | 2.14% |
| Price | 795.95 | |
| S1 | 786.28 | -1.21% |
| S2 | 778.02 | -2.25% |
| S3 | 764.65 | -3.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 808.20 | 1.54% |
| R1 | 806.15 | 1.28% |
| Price | 795.95 | |
| S1 | 650.55 | -18.27% |
| S2 | 619.60 | -22.16% |
| S3 | 604.65 | -24.03% |
TRIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | Jun 12, 2024 | ₹0.200 | 0.0248% |
| 2 | Jul 28, 2023 | Jul 28, 2023 | Aug 29, 2022 | ₹0.150 | 0.387% |
| 3 | May 08, 2013 | May 08, 2013 | May 08, 2013 | ₹0.750 | 7.63% |
| 4 | Jul 21, 2011 | Jul 21, 2011 | Jul 21, 2011 | ₹5.00 | 22.06% |
| 5 | Jul 22, 2010 | Jul 22, 2010 | Jul 22, 2010 | ₹5.00 | 12.65% |
FAQ
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