VCU Data Management Limited Stock Forecast

VCU Data Management Limited stock price ended at ₹6.81 on Friday, after losing 1.73%.
(Updated on Jun 21, 2024)

VCU.BO Signals & Forecast

There are mixed signals in the stock today. The VCU Data Management Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹6.91 and ₹7.08. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 2.25%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for VCU Data Management Limited stock

VCU Data Management Limited finds support from accumulated volume at ₹6.66 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₹0.390 between high and low, or 5.82%. For the last week the stock has had daily average volatility of 6.87%

Our recommended stop-loss: ₹6.48 (-4.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)

Trading Expectations (VCU.BO) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect VCU Data Management Limited to open at ₹6.87, and during the day (based on 14 day Average True Range), to move between ₹6.25 and ₹7.37, which gives a possible trading interval of +/-₹0.564 (+/-8.28%) up or down from last closing price. If VCU Data Management Limited takes out the full calculated possible swing range there will be an estimated 16.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹6.90 (1.32%) than the support at ₹6.66 (2.20%), 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 VCU Data Management Limited stock A Buy?

VCU Data Management 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.

Current score: -0.508 Hold/Accumulate Unchanged

Predicted Opening Price for VCU Data Management Limited of Monday, June 24, 2024

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