Vimta Labs Limited Stock Forecast
Green day on Friday for Vimta Labs Limited
(Updated on Jun 14, 2024)
The Vimta Labs Limited stock price gained 0.430% on the last trading day (Friday, 14th Jun 2024), rising from ₹500.35 to ₹502.50. During the last trading day the stock fluctuated 1.87% from a day low at ₹495.10 to a day high of ₹504.35. The price has risen in 8 of the last 10 days and is up by 6.17% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 19 thousand shares were bought and sold for approximately ₹9.55 million.
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 6.21% during the next 3 months and, with a 90% probability hold a price between ₹474.60 and ₹616.11 at the end of this 3-month period.
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VIMTALABS.NS Signals & Forecast
Mostly positive signals in the chart today. 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 ₹493.59 and ₹495.12. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 13.57%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Vimta Labs Limited stock
Vimta Labs Limited finds support from accumulated volume at ₹500.90 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 ₹9.25 between high and low, or 1.87%. For the last week, the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: ₹482.20 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (VIMTALABS.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Vimta Labs Limited to open at ₹500.65, and during the day (based on 14 day Average True Range), to move between ₹482.76 and ₹522.24, which gives a possible trading interval of +/-₹19.74 (+/-3.93%) up or down from last closing price. If Vimta Labs Limited takes out the full calculated possible swing range there will be an estimated 7.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹500.90 (0.32%) than the resistance at ₹509.20 (1.33%), 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?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Vimta Labs Limited stock to perform well in the short-term.
Current score: 2.629 Buy Candidate Unchanged
Predicted Opening Price for Vimta Labs Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹500.65 ( 0.368%) | ₹502.50 |
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 | 509.90 | 1.47% |
| R2 | 506.37 | 0.769% |
| R1 | 504.18 | 0.335% |
| Price | 502.50 | |
| S1 | 497.12 | -1.07% |
| S2 | 494.93 | -1.51% |
| S3 | 491.40 | -2.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 560.35 | 11.51% |
| R2 | 542.35 | 7.93% |
| R1 | 509.20 | 1.33% |
| Price | 502.50 | |
| S1 | 500.90 | -0.318% |
| S2 | 496.30 | -1.23% |
| S3 | 495.85 | -1.32% |
VIMTALABS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2024 | Jul 11, 2024 | Aug 24, 2024 | ₹2.00 | 0.398% |
| 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% |
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