Weizmann Limited Stock Forecast
Big movements in Weizmann Limited stock price on Tuesday moving 10.62% between high and low
(Updated on Apr 16, 2024)
The Weizmann Limited stock price gained 5.95% on the last trading day (Tuesday, 16th Apr 2024), rising from ₹112.60 to ₹119.30. During the last trading day the stock fluctuated 10.62% from a day low at ₹112.05 to a day high of ₹123.95. The price has been going up and down for this period, and there has been a 3.42% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 47 thousand more shares were traded than the day before. In total, 61 thousand shares were bought and sold for approximately ₹7.24 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 4.39% during the next 3 months and, with a 90% probability hold a price between ₹94.13 and ₹135.37 at the end of this 3-month period.
WEIZMANIND.NS Signals & Forecast
Mostly positive signals in the chart today. The Weizmann Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹118.46 and ₹108.66. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 5.95%. 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 Weizmann Limited stock
Weizmann Limited finds support from accumulated volume at ₹116.20 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹11.90 between high and low, or 10.62%. For the last week, the stock has had daily average volatility of 6.26%.
Our recommended stop-loss: ₹114.86 (-3.72%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (WEIZMANIND.NS) For The Upcoming Trading Day Of Thursday 18th
For the upcoming trading day on Thursday, 18th we expect Weizmann Limited to open at ₹118.43, and during the day (based on 14 day Average True Range), to move between ₹111.74 and ₹126.86, which gives a possible trading interval of +/-₹7.56 (+/-6.33%) up or down from last closing price. If Weizmann Limited takes out the full calculated possible swing range there will be an estimated 12.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹119.60 (0.25%) than the support at ₹116.20 (2.60%), 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 Weizmann 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 Weizmann Limited 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: 1.940 Buy Candidate Upgraded
Predicted Opening Price for Weizmann Limited of Thursday, April 18, 2024
| Fair opening price April 18, 2024 | Current price |
|---|---|
| ₹118.43 ( 0.726%) | ₹119.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WEIZMANIND.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 130.33 | 9.25 % | |
| R2 | 125.79 | 5.44 % | ||
| R1 | 122.98 | 3.08 % | ||
| Current price: | 119.30 | |||
| Support | S1 | 113.89 | -4.54 % | |
| S2 | 111.08 | -6.89 % | ||
| S3 | 106.53 | -10.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 129.05 | 8.17 % | |
| R2 | 121.90 | 2.18 % | ||
| R1 | 119.60 | 0.251 % | ||
| Current price | 119.30 | |||
| Support | S1 | 116.20 | -2.60% | |
| S2 | 115.35 | -3.31% | ||
| S3 | 113.95 | -4.48% |
WEIZMANIND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | ₹0.500 | 0.524% |
| 2 | Jul 20, 2022 | Jul 20, 2022 | Jul 20, 2022 | ₹0.500 | 1.02% |
| 3 | Sep 20, 2021 | Sep 20, 2021 | Sep 20, 2021 | ₹0.500 | 1.06% |
| 4 | Mar 03, 2020 | Mar 16, 2020 | Apr 04, 2020 | ₹10.00 | 38.54% |
| 5 | May 27, 2019 | Jul 29, 2019 | Sep 05, 2019 | ₹0.500 | 1.80% |
FAQ
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