Vertex Securities Limited Stock Forecast
Stronger technical forecast for Vertex Securities Limited stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Vertex Securities Limited stock price gained 4.91% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹5.30 to ₹5.56. During the last trading day the stock fluctuated 0% from a day low at ₹5.56 to a day high of ₹5.56. The price has risen in 9 of the last 10 days and is up by 44.79% over the past 2 weeks. Volume fell on the last day by -66 thousand shares and in total, 58 thousand shares were bought and sold for approximately ₹321.77 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a very 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 ₹5.73 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.82% during the next 3 months and, with a 90% probability hold a price between ₹4.10 and ₹6.47 at the end of this 3-month period.
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VERTEX.BO Signals & Forecast
The Vertex Securities Limited 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 ₹5.09 and ₹4.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 59.31%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Vertex Securities Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹5.08 and ₹4.86. 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, Vertex Securities Limited finds support just below today's level at ₹5.08. If this is broken, then the next support from accumulated volume will be at ₹4.86 and ₹4.66.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved ₹0 between high and low, or 0%. For the last week the stock has had daily average volatility of 5.71%.
The Vertex Securities Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₹5.41 (-2.68%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 91 and this increases the risk substantially. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (VERTEX.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Vertex Securities Limited to open at ₹5.56, and during the day (based on 14 day Average True Range), to move between ₹5.29 and ₹5.83, which gives a possible trading interval of +/-₹0.275 (+/-4.94%) up or down from last closing price. If Vertex Securities Limited takes out the full calculated possible swing range there will be an estimated 9.88% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹5.08, some ₹0.480 (8.63%) from the current price of ₹5.56, our system finds the risk reward attractive.
Is Vertex Securities Limited stock A Buy?
Vertex Securities Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.671 Strong Buy Candidate Upgraded
Predicted Opening Price for Vertex Securities Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹5.56 ( 0%) | ₹5.56 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VERTEX.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 5.56 | - |
| R2 | 5.56 | - |
| R1 | 5.56 | - |
| Price | 5.56 | |
| S1 | 5.56 | - |
| S2 | 5.56 | - |
| S3 | 5.56 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 5.56 | |
| S1 | 5.08 | -8.63% |
| S2 | 4.86 | -12.59% |
| S3 | 4.66 | -16.19% |
VERTEX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 20, 2006 | Oct 20, 2006 | Oct 20, 2006 | ₹0.100 | 0% |
FAQ
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