WeP Solutions Limited Stock Forecast
Red day on Tuesday for WeP Solutions Limited
(Updated on Jun 25, 2024)
The WeP Solutions Limited stock price fell by -1.37% on the last day (Tuesday, 25th Jun 2024) from ₹37.14 to ₹36.63. During the last trading day the stock fluctuated 5.08% from a day low at ₹36.05 to a day high of ₹37.88. The price has risen in 6 of the last 10 days and is up by 3.62% over the past 2 weeks. Volume has increased on the last day by 6 thousand 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, 37 thousand shares were bought and sold for approximately ₹1.37 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 -12.63% during the next 3 months and, with a 90% probability hold a price between ₹24.08 and ₹34.04 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WEPSOLN.BO Signals & Forecast
The WeP Solutions Limited 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 ₹36.79. On a fall, the stock will find some support from the long-term average at approximately ₹35.69. 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. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -1.64%. Further fall is indicated until a new bottom pivot has been found. WeP Solutions Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for WeP Solutions Limited stock
WeP Solutions Limited finds support from accumulated volume at ₹35.97 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 ₹1.83 between high and low, or 5.08%. For the last week, the stock has had daily average volatility of 4.71%.
Our recommended stop-loss: ₹35.63 (-2.74%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (WEPSOLN.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect WeP Solutions Limited to open at ₹36.85, and during the day (based on 14 day Average True Range), to move between ₹34.18 and ₹39.08, which gives a possible trading interval of +/-₹2.45 (+/-6.68%) up or down from last closing price. If WeP Solutions Limited takes out the full calculated possible swing range there will be an estimated 13.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹36.65 (0.05%) than the support at ₹35.97 (1.80%), 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 WeP Solutions Limited 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.
Current score: 1.741 Buy Candidate Unchanged
Predicted Opening Price for WeP Solutions Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹36.85 ( 0.610%) | ₹36.63 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WEPSOLN.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.68 | 5.61% |
| R2 | 37.98 | 3.70% |
| R1 | 37.55 | 2.52% |
| Price | 36.63 | |
| S1 | 36.15 | -1.30% |
| S2 | 35.72 | -2.48% |
| S3 | 35.02 | -4.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.94 | 19.96% |
| R2 | 39.04 | 6.58% |
| R1 | 36.65 | 0.0546% |
| Price | 36.63 | |
| S1 | 35.97 | -1.80% |
| S2 | 34.19 | -6.66% |
| S3 | 28.87 | -21.18% |
WEPSOLN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 2023 | Sep 14, 2023 | Oct 21, 2023 | ₹0.500 | 1.79% |
| 2 | Aug 24, 2022 | Aug 24, 2022 | Oct 01, 2022 | ₹0.500 | 2.29% |
| 3 | Aug 20, 2015 | Aug 20, 2015 | Aug 20, 2015 | ₹0.417 | 2.23% |
| 4 | Sep 16, 2014 | Sep 16, 2014 | Sep 16, 2014 | ₹0.417 | 2.52% |
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