Trio Mercantile & Trading Limited Stock Forecast

Red day on Friday for Trio Mercantile & Trading Limited
(Updated on Apr 19, 2024)

TRIOMERC.BO Signals & Forecast

The Trio Mercantile & Trading Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹1.01. On a fall, the stock will find some support from the long-term average at approximately ₹0.98. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, April 08, 2024, and so far it has fallen -5.66%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Trio Mercantile & Trading Limited stock

Trio Mercantile & Trading Limited finds support from accumulated volume at ₹0.99 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 ₹0.0300 between high and low, or 3.00%. For the last week, the stock has had daily average volatility of 9.20%.

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

Trading Expectations (TRIOMERC.BO) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Trio Mercantile & Trading Limited to open at ₹1.01, and during the day (based on 14 day Average True Range), to move between ₹0.94 and ₹1.06, which gives a possible trading interval of +/-₹0.0601 (+/-6.01%) up or down from last closing price. If Trio Mercantile & Trading Limited takes out the full calculated possible swing range there will be an estimated 12.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹1.01 (1.00%) than the support at ₹0.99 (1.00%), 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 Trio Mercantile & Trading Limited stock A Buy?

Trio Mercantile & Trading 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: -1.457 Sell Candidate Unchanged

Predicted Opening Price for Trio Mercantile & Trading Limited of Monday, April 22, 2024

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