Williamson Magor & Co. Limited Stock Forecast
Big movements in Williamson Magor & Co. Limited stock price on Wednesday moving 10.15% between high and low
(Updated on Jun 26, 2024)
The Williamson Magor & Co. Limited stock price gained 3.31% on the last trading day (Wednesday, 26th Jun 2024), rising from ₹39.00 to ₹40.29. During the last trading day the stock fluctuated 10.15% from a day low at ₹37.25 to a day high of ₹41.03. The price has risen in 6 of the last 10 days and is up by 13.59% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 768 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately ₹117.28 thousand.
The stock lies in the middle of a 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 4.52% during the next 3 months and, with a 90% probability hold a price between ₹35.86 and ₹44.20 at the end of this 3-month period.
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WILLAMAGOR.BO Signals & Forecast
Mostly positive signals in the chart today. The Williamson Magor & Co. 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 ₹38.55 and ₹37.42. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 19.03%. 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). Williamson Magor & Co. Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Friday, September 01, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, September 01, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Williamson Magor & Co. Limited stock
Williamson Magor & Co. Limited finds support from accumulated volume at ₹40.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹3.78 between high and low, or 10.15%. For the last week, the stock has had daily average volatility of 6.78%.
Our recommended stop-loss: ₹38.82 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (WILLAMAGOR.BO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Williamson Magor & Co. Limited to open at ₹39.52, and during the day (based on 14 day Average True Range), to move between ₹37.80 and ₹42.78, which gives a possible trading interval of +/-₹2.49 (+/-6.18%) up or down from last closing price. If Williamson Magor & Co. Limited takes out the full calculated possible swing range there will be an estimated 12.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹40.25 (0.10%) than the resistance at ₹40.34 (0.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Williamson Magor & Co. Limited stock A Buy?
Williamson Magor & Co. Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.017 Strong Buy Candidate Upgraded
Predicted Opening Price for Williamson Magor & Co. Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹39.52 ( 1.90%) | ₹40.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WILLAMAGOR.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.30 | 7.48% |
| R2 | 41.86 | 3.90% |
| R1 | 40.97 | 1.68% |
| Price | 40.29 | |
| S1 | 38.08 | -5.49% |
| S2 | 37.19 | -7.70% |
| S3 | 35.74 | -11.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 41.10 | 2.01% |
| R2 | 40.61 | 0.794% |
| R1 | 40.34 | 0.124% |
| Price | 40.29 | |
| S1 | 40.25 | -0.0993% |
| S2 | 39.49 | -1.99% |
| S3 | 37.46 | -7.02% |
WILLAMAGOR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 07, 2001 | Aug 07, 2001 | Aug 07, 2001 | ₹0.500 | 4.88% |
| 2 | Aug 07, 2000 | Aug 07, 2000 | Aug 07, 2000 | ₹0.500 | 1.25% |
FAQ
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