Vista Pharmaceuticals Limited Stock Forecast

Evaluation of Vista Pharmaceuticals Limited stock downgraded after the last trading session.
(Updated on Jun 25, 2024)

VISTAPH.BO Signals & Forecast

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. The Vista Pharmaceuticals 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 ₹13.12 and ₹13.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Saturday, May 18, 2024, and so far it has fallen -11.03%. Further fall is indicated until a new bottom pivot has been found. 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 Vista Pharmaceuticals Limited stock

Vista Pharmaceuticals Limited finds support from accumulated volume at ₹12.58 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.470 between high and low, or 3.74%. For the last week the stock has had daily average volatility of 8.25%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VISTAPH.BO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Vista Pharmaceuticals Limited to open at ₹12.84, and during the day (based on 14 day Average True Range), to move between ₹11.98 and ₹13.82, which gives a possible trading interval of +/-₹0.92 (+/-7.10%) up or down from last closing price. If Vista Pharmaceuticals Limited takes out the full calculated possible swing range there will be an estimated 14.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹13.20 (2.33%) than the support at ₹12.58 (2.48%), 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 Vista Pharmaceuticals Limited stock A Buy?

The Vista Pharmaceuticals Limited stock holds several negative signals and despite the positive trend, we believe Vista Pharmaceuticals Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.153 Sell Candidate Downgraded

Predicted Opening Price for Vista Pharmaceuticals Limited of Wednesday, June 26, 2024

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