Vimta Labs Limited Stock Forecast
Green day on Friday for Vimta Labs Limited
(Updated on May 24, 2024)
The Vimta Labs Limited stock price gained 0.0908% on the last trading day (Friday, 24th May 2024), rising from ₹495.85 to ₹496.30. During the last trading day the stock fluctuated 3.24% from a day low at ₹491.10 to a day high of ₹507.00. The price has fallen in 5 of the last 10 days but is still up by 1.43% over the past 2 weeks. Volume fell on the last day by -41 thousand shares and in total, 35 thousand shares were bought and sold for approximately ₹17.36 million. 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 middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 4.37% during the next 3 months and, with a 90% probability hold a price between ₹472.87 and ₹593.56 at the end of this 3-month period.
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VIMTALABS.NS Signals & Forecast
The Vimta Labs Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹492.75 and ₹494.33. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 -11.43%. 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 Vimta Labs Limited stock
Vimta Labs Limited finds support from accumulated volume at ₹495.85 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 ₹15.90 between high and low, or 3.24%. For the last week, the stock has had daily average volatility of 3.66%.
Our recommended stop-loss: ₹468.31 (-5.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (VIMTALABS.NS) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Vimta Labs Limited to open at ₹498.13, and during the day (based on 14 day Average True Range), to move between ₹475.90 and ₹516.70, which gives a possible trading interval of +/-₹20.40 (+/-4.11%) up or down from last closing price. If Vimta Labs Limited takes out the full calculated possible swing range there will be an estimated 8.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹495.85 (0.09%) than the resistance at ₹509.20 (2.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Vimta Labs Limited stock A Buy?
Vimta Labs Limited 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: 0.811 Hold/Accumulate Unchanged
Predicted Opening Price for Vimta Labs Limited of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| ₹498.13 ( 0.369%) | ₹496.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VIMTALABS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 514.03 | 3.57 % | |
| R2 | 507.96 | 2.35 % | ||
| R1 | 504.21 | 1.59 % | ||
| Current price: | 496.30 | |||
| Support | S1 | 492.06 | -0.85 % | |
| S2 | 488.31 | -1.61 % | ||
| S3 | 482.23 | -2.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 560.35 | 12.91 % | |
| R2 | 542.35 | 9.28 % | ||
| R1 | 509.20 | 2.60 % | ||
| Current price | 496.30 | |||
| Support | S1 | 495.85 | -0.0907% | |
| S2 | 459.15 | -7.49% | ||
| S3 | 433.60 | -12.63% |
VIMTALABS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2024 | Jul 11, 2024 | Aug 24, 2024 | ₹2.00 | 0.403% |
| 2 | Jun 21, 2023 | Jun 21, 2023 | Jun 21, 2023 | ₹2.00 | 0.489% |
| 3 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | ₹2.00 | 0.622% |
| 4 | Jun 25, 2021 | Jun 25, 2021 | Jun 25, 2021 | ₹2.00 | 0.793% |
| 5 | May 11, 2019 | Jul 18, 2019 | Aug 14, 2019 | ₹2.00 | 1.89% |
FAQ
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