Vimta Labs Limited Stock Forecast
Vimta Labs Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Vimta Labs Limited stock price gained 0.279% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹483.50 to ₹484.85. During the last trading day the stock fluctuated 2.77% from a day low at ₹481.60 to a day high of ₹494.95. The price has been going up and down for this period, and there has been a -1.21% loss for the last 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 23 thousand shares were bought and sold for approximately ₹10.97 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 3.45% during the next 3 months and, with a 90% probability hold a price between ₹462.18 and ₹593.09 at the end of this 3-month period.
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VIMTALABS.NS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. The Vimta Labs Limited 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 ₹492.29 and ₹488.42. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -3.51%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Vimta Labs Limited stock
Vimta Labs Limited finds support from accumulated volume at ₹483.50 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 ₹13.35 between high and low, or 2.77%. For the last week, the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: ₹467.87 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (VIMTALABS.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Vimta Labs Limited to open at ₹487.13, and during the day (based on 14 day Average True Range), to move between ₹466.25 and ₹503.45, which gives a possible trading interval of +/-₹18.60 (+/-3.84%) up or down from last closing price. If Vimta Labs Limited takes out the full calculated possible swing range there will be an estimated 7.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹483.50 (0.28%) than the resistance at ₹509.20 (5.02%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.034 Hold/Accumulate Upgraded
Predicted Opening Price for Vimta Labs Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹487.13 ( 0.471%) | ₹484.85 |
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 | |
|---|---|---|
| R3 | 500.48 | 3.22% |
| R2 | 495.38 | 2.17% |
| R1 | 492.23 | 1.52% |
| Price | 484.85 | |
| S1 | 482.03 | -0.581% |
| S2 | 478.88 | -1.23% |
| S3 | 473.78 | -2.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 560.35 | 15.57% |
| R2 | 542.35 | 11.86% |
| R1 | 509.20 | 5.02% |
| Price | 484.85 | |
| S1 | 483.50 | -0.278% |
| S2 | 480.40 | -0.92% |
| S3 | 442.45 | -8.74% |
VIMTALABS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2024 | Jul 11, 2024 | Aug 24, 2024 | ₹2.00 | 0.412% |
| 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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