Websol Energy System Limited Stock Forecast
Websol Energy System Limited stock price ended at ₹603.30 on Tuesday, after gaining 0.466%.
(Updated on Jun 25, 2024)
The Websol Energy System Limited stock price gained 0.466% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹600.50 to ₹603.30. During the last trading day the stock fluctuated 4.46% from a day low at ₹592.55 to a day high of ₹619.00. The price has fallen in 6 of the last 10 days and is down by -0.15% for this period. Volume fell on the last day by -4 thousand shares and in total, 20 thousand shares were bought and sold for approximately ₹11.83 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 8.44% during the next 3 months and, with a 90% probability hold a price between ₹545.28 and ₹846.55 at the end of this 3-month period.
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WEBELSOLAR.BO 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 Websol Energy System 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 ₹612.90 and ₹613.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -18.27%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Websol Energy System Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹536.45 and ₹486.65. 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, Websol Energy System Limited finds support just below today's level at ₹536.45. If this is broken, then the next support from accumulated volume will be at ₹486.65 and ₹463.65.
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 ₹26.45 between high and low, or 4.46%. For the last week, the stock has had daily average volatility of 4.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WEBELSOLAR.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Websol Energy System Limited to open at ₹604.95, and during the day (based on 14 day Average True Range), to move between ₹571.15 and ₹635.45, which gives a possible trading interval of +/-₹32.15 (+/-5.33%) up or down from last closing price. If Websol Energy System Limited takes out the full calculated possible swing range there will be an estimated 10.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹660.55 (9.49%) than the support at ₹536.45 (11.08%), 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 Websol Energy System Limited stock A Buy?
The Websol Energy System Limited stock holds several negative signals and despite the positive trend, we believe Websol Energy System Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.962 Sell Candidate Unchanged
Predicted Opening Price for Websol Energy System Limited of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
₹604.95 ( 0.273%) | ₹603.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WEBELSOLAR.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 631.40 | 4.66% |
R2 | 621.30 | 2.98% |
R1 | 615.05 | 1.95% |
Price | 603.30 | |
S1 | 594.85 | -1.40% |
S2 | 588.60 | -2.44% |
S3 | 578.50 | -4.11% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 738.15 | 22.35% |
R2 | 702.05 | 16.37% |
R1 | 660.55 | 9.49% |
Price | 603.30 | |
S1 | 536.45 | -11.08% |
S2 | 486.65 | -19.34% |
S3 | 463.65 | -23.15% |
WEBELSOLAR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 14, 2009 | Sep 14, 2009 | Sep 14, 2009 | ₹1.00 | 0.611% |
2 | Sep 17, 2008 | Sep 17, 2008 | Sep 17, 2008 | ₹1.00 | 0.84% |
3 | Sep 13, 2007 | Sep 13, 2007 | Sep 13, 2007 | ₹1.00 | 0.412% |
4 | Sep 14, 2006 | Sep 14, 2006 | Sep 14, 2006 | ₹1.00 | 0.692% |
5 | Sep 12, 2005 | Sep 12, 2005 | Sep 12, 2005 | ₹1.00 | 0.619% |
FAQ
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