Voltamp Transformers Limited Stock Forecast
Green day on Friday for Voltamp Transformers Limited
(Updated on May 10, 2024)
The Voltamp Transformers Limited stock price gained 0.702% on the last trading day (Friday, 10th May 2024), rising from ₹9,773.90 to ₹9,842.55. During the last trading day the stock fluctuated 1.53% from a day low at ₹9,747.25 to a day high of ₹9,896.85. The price has risen in 5 of the last 10 days but is still down by -4.07% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 22 thousand shares were bought and sold for approximately ₹220.28 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹9,607.67 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 41.29% during the next 3 months and, with a 90% probability hold a price between ₹13,575.01 and ₹15,933.19 at the end of this 3-month period.
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VOLTAMP.NS Signals & Forecast
Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Voltamp Transformers 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 ₹10,035.29 and ₹9,891.09. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -10.09%. 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 Voltamp Transformers Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹8,853.55 and ₹8,216.15. 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, Voltamp Transformers Limited finds support just below today's level at ₹8,853.55. If this is broken, then the next support from accumulated volume will be at ₹8,216.15 and ₹8,187.10.
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 ₹149.60 between high and low, or 1.53%. For the last week, the stock has had daily average volatility of 3.29%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VOLTAMP.NS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Voltamp Transformers Limited to open at ₹9,828.88, and during the day (based on 14 day Average True Range), to move between ₹9,430.75 and ₹10,254.35, which gives a possible trading interval of +/-₹411.80 (+/-4.18%) up or down from last closing price. If Voltamp Transformers Limited takes out the full calculated possible swing range there will be an estimated 8.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹9,983.05 (1.43%) than the support at ₹8,853.55 (10.05%), 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 Voltamp Transformers Limited stock A Buy?
The Voltamp Transformers Limited stock holds several negative signals and despite the positive trend, we believe Voltamp Transformers Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.354 Sell Candidate Unchanged
Predicted Opening Price for Voltamp Transformers Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₹9,828.88 ( 0.139%) | ₹9,842.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOLTAMP.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9,978.48 | 1.38 % | |
| R2 | 9,921.34 | 0.80 % | ||
| R1 | 9,886.03 | 0.442 % | ||
| Current price: | 9,842.55 | |||
| Support | S1 | 9,771.74 | -0.719 % | |
| S2 | 9,736.43 | -1.08 % | ||
| S3 | 9,679.28 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,947.10 | 11.22 % | |
| R2 | 10,201.00 | 3.64 % | ||
| R1 | 9,983.05 | 1.43 % | ||
| Current price | 9,842.55 | |||
| Support | S1 | 8,853.55 | -10.05% | |
| S2 | 8,216.15 | -16.52% | ||
| S3 | 8,187.10 | -16.82% |
VOLTAMP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 31, 2023 | Jul 31, 2023 | Jul 31, 2023 | ₹20.00 | 0.432% |
| 2 | Aug 04, 2022 | Aug 04, 2022 | Aug 04, 2022 | ₹35.00 | 1.01% |
| 3 | Sep 22, 2021 | Sep 22, 2021 | Sep 22, 2021 | ₹25.00 | 1.74% |
| 4 | Sep 21, 2021 | Sep 21, 2021 | Sep 21, 2021 | ₹25.00 | 1.73% |
| 5 | May 04, 2020 | May 18, 2020 | Jun 10, 2020 | ₹25.00 | 2.33% |
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