UTI MF SENSEX ETF/ETF Stock Forecast
Red day on Friday for UTI MF SENSEX ETF/ETF stock after losing 1.79%
(Updated on May 03, 2024)
The UTI MF SENSEX ETF/ETF stock price fell by -1.79% on the last day (Friday, 3rd May 2024) from ₹804.44 to ₹790.08. During the last trading day the stock fluctuated 2.88% from a day low at ₹787.05 to a day high of ₹809.75. The price has risen in 6 of the last 10 days and is up by 0.26% over the past 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 7 thousand shares were bought and sold for approximately ₹5.65 million.
The stock lies in the lower part of a narrow and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹786.75 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.39% during the next 3 months and, with a 90% probability hold a price between ₹813.40 and ₹842.76 at the end of this 3-month period.
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UTISENSETF.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 1.05%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The UTI MF SENSEX ETF/ETF 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 ₹800.60 and ₹793.56. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, February 14, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, February 14, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for UTI MF SENSEX ETF/ETF stock
UTI MF SENSEX ETF/ETF finds support from accumulated volume at ₹784.62 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹22.70 between high and low, or 2.88%. For the last week the stock has had daily average volatility of 1.79%.
Our recommended stop-loss: ₹750.81 (-4.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (UTISENSETF.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect UTI MF SENSEX ETF/ETF to open at ₹795.63, and during the day (based on 14 day Average True Range), to move between ₹773.93 and ₹806.23, which gives a possible trading interval of +/-₹16.15 (+/-2.04%) up or down from last closing price. If UTI MF SENSEX ETF/ETF takes out the full calculated possible swing range there will be an estimated 4.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹793.44 (0.43%) than the support at ₹784.62 (0.69%), 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 UTI MF SENSEX ETF/ETF stock A Buy?
UTI MF SENSEX ETF/ETF holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.273 Hold/Accumulate Unchanged
Predicted Opening Price for UTI MF SENSEX ETF/ETF of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
₹795.63 ( 0.702%) | ₹790.08 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for UTISENSETF.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 818.33 | 3.58 % | |
R2 | 809.66 | 2.48 % | ||
R1 | 804.30 | 1.80 % | ||
Current price: | 790.08 | |||
Support | S1 | 786.96 | -0.395 % | |
S2 | 781.60 | -1.07 % | ||
S3 | 772.93 | -2.17 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 796.95 | 0.87 % | |
R2 | 795.30 | 0.661 % | ||
R1 | 793.44 | 0.425 % | ||
Current price | 790.08 | |||
Support | S1 | 784.62 | -0.691% | |
S2 | 784.36 | -0.724% | ||
S3 | 782.10 | -1.01% |
UTISENSETF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 26, 2021 | Feb 26, 2021 | Mar 02, 2021 | ₹13.56 | 2.53% |
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