WARDWIZARD INNOVATIONS AND MOB Stock Forecast
Stronger technical forecast for WARDWIZARD INNOVATIONS AND MOB stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The WARDWIZARD INNOVATIONS AND MOB stock price fell by -3.19% on the last day (Tuesday, 25th Jun 2024) from ₹64.50 to ₹62.44. During the last trading day the stock fluctuated 5.29% from a day low at ₹62.20 to a day high of ₹65.49. The price has fallen in 6 of the last 10 days and is down by -0.43% for this period. Volume has increased on the last day by 1 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 4 million shares were bought and sold for approximately ₹266.43 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.17% during the next 3 months and, with a 90% probability hold a price between ₹46.24 and ₹70.87 at the end of this 3-month period.
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WARDINMOBI.BO Signals & Forecast
The WARDWIZARD INNOVATIONS AND MOB stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹64.78. On a fall, the stock will find some support from the long-term average at approximately ₹57.02. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 0.337%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for WARDWIZARD INNOVATIONS AND MOB stock
WARDWIZARD INNOVATIONS AND MOB finds support from accumulated volume at ₹61.02 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹3.29 between high and low, or 5.29%. For the last week, the stock has had daily average volatility of 6.03%.
Our recommended stop-loss: ₹59.55 (-4.63%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (WARDINMOBI.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect WARDWIZARD INNOVATIONS AND MOB to open at ₹63.38, and during the day (based on 14 day Average True Range), to move between ₹58.27 and ₹66.61, which gives a possible trading interval of +/-₹4.17 (+/-6.69%) up or down from last closing price. If WARDWIZARD INNOVATIONS AND MOB takes out the full calculated possible swing range there will be an estimated 13.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹62.71 (0.43%) than the support at ₹61.02 (2.27%), 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 WARDWIZARD INNOVATIONS AND MOB stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.660 Buy Candidate Upgraded
Predicted Opening Price for WARDWIZARD INNOVATIONS AND MOB of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
₹63.38 ( 1.50%) | ₹62.44 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WARDINMOBI.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 66.67 | 6.77% |
R2 | 65.41 | 4.76% |
R1 | 64.63 | 3.51% |
Price | 62.44 | |
S1 | 62.12 | -0.513% |
S2 | 61.34 | -1.76% |
S3 | 60.09 | -3.77% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 73.55 | 17.79% |
R2 | 68.29 | 9.37% |
R1 | 62.71 | 0.432% |
Price | 62.44 | |
S1 | 61.02 | -2.27% |
S2 | 58.90 | -5.67% |
S3 | 50.81 | -18.63% |
WARDINMOBI Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 18, 2023 | Sep 18, 2023 | Oct 26, 2023 | ₹0.100 | 0% |
2 | Aug 22, 2022 | Aug 22, 2022 | Sep 29, 2022 | ₹0.0750 | 0% |
3 | Aug 17, 2021 | Aug 17, 2021 | Sep 19, 2021 | ₹0.0499 | 0% |
FAQ
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