T.V. Today Network Limited Stock Forecast
T.V. Today Network Limited stock upgraded to Hold/Accumulate.
(Updated on May 10, 2024)
The T.V. Today Network Limited stock price gained 1.82% on the last trading day (Friday, 10th May 2024), rising from ₹224.70 to ₹228.80. During the last trading day the stock fluctuated 3.77% from a day low at ₹221.55 to a day high of ₹229.90. The price has risen in 5 of the last 10 days but is still down by -2.7% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 92 thousand shares were bought and sold for approximately ₹21.09 million.
The stock lies in the middle of a very 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 -7.03% during the next 3 months and, with a 90% probability hold a price between ₹180.42 and ₹229.44 at the end of this 3-month period.
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TVTODAY.NS Signals & Forecast
The T.V. Today Network 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 ₹231.17. On a fall, the stock will find some support from the long-term average at approximately ₹227.08. 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. Volume is rising along with the price. This is considered to be a good technical signal. 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, April 25, 2024, and so far it has fallen -4.21%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for T.V. Today Network Limited stock
T.V. Today Network Limited finds support from accumulated volume at ₹223.95 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹8.35 (3.77%) between high and low. For the last week, the stock has had daily average volatility of 3.68%.
Our recommended stop-loss: ₹218.05 (-4.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (TVTODAY.NS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect T.V. Today Network Limited to open at ₹226.75, and during the day (based on 14 day Average True Range), to move between ₹221.66 and ₹235.94, which gives a possible trading interval of +/-₹7.14 (+/-3.12%) up or down from last closing price. If T.V. Today Network Limited takes out the full calculated possible swing range there will be an estimated 6.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹223.95 (2.12%) than the resistance at ₹239.65 (4.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
T.V. Today Network Limited will release earnings BMO on Friday, May 17, 2024. We will update the financials statements for T.V. Today Network Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.03% in the first trading day after earnings release.
Is T.V. Today Network Limited stock A Buy?
T.V. Today Network 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: -0.103 Hold/Accumulate Upgraded
Predicted Opening Price for T.V. Today Network Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₹226.75 ( 0.90%) | ₹228.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TVTODAY.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 235.10 | 2.75 % | |
| R2 | 231.91 | 1.36 % | ||
| R1 | 229.94 | 0.498 % | ||
| Current price: | 228.80 | |||
| Support | S1 | 223.56 | -2.29 % | |
| S2 | 221.59 | -3.15 % | ||
| S3 | 218.40 | -4.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 263.90 | 15.34 % | |
| R2 | 256.20 | 11.98 % | ||
| R1 | 239.65 | 4.74 % | ||
| Current price | 228.80 | |||
| Support | S1 | 223.95 | -2.12% | |
| S2 | 219.55 | -4.04% | ||
| S3 | 206.20 | -9.88% |
TVTODAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 13, 2023 | Feb 13, 2023 | Feb 13, 2023 | ₹67.00 | 29.02% |
| 2 | Sep 19, 2022 | Sep 19, 2022 | Sep 19, 2022 | ₹3.00 | 1.05% |
| 3 | Sep 08, 2021 | Sep 08, 2021 | Sep 08, 2021 | ₹2.50 | 0.81% |
| 4 | Sep 02, 2020 | Sep 02, 2020 | Sep 02, 2020 | ₹2.25 | 0.97% |
| 5 | Oct 22, 2019 | Oct 31, 2019 | Nov 21, 2019 | ₹20.00 | 6.80% |
FAQ
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