WORTH INVESTMENT & TRADING CO Stock Forecast
WORTH INVESTMENT & TRADING CO stock price ended at ₹415.90 on Wednesday, after gaining 5.00%.
(Updated on Jun 26, 2024)
The WORTH INVESTMENT & TRADING CO stock price gained 5.00% on the last trading day (Wednesday, 26th Jun 2024), rising from ₹396.10 to ₹415.90. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.94% from a day low at ₹400.15 to a day high of ₹415.90. The price has risen in 6 of the last 10 days and is up by 19.24% 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, 287 more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately ₹4.24 million.
The stock lies in the middle of a very wide and strong 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 36.92% during the next 3 months and, with a 90% probability hold a price between ₹480.38 and ₹622.29 at the end of this 3-month period.
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WORTH.BO Signals & Forecast
The WORTH INVESTMENT & TRADING CO 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 ₹371.24 and ₹354.31. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 12, 2024, and so far it has risen 25.46%. 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 WORTH INVESTMENT & TRADING CO stock
WORTH INVESTMENT & TRADING CO finds support from accumulated volume at ₹396.10 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 ₹15.75 between high and low, or 3.94%. For the last week, the stock has had daily average volatility of 4.41%.
Our recommended stop-loss: ₹401.09 (-3.56%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (WORTH.BO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect WORTH INVESTMENT & TRADING CO to open at ₹410.65, and during the day (based on 14 day Average True Range), to move between ₹400.57 and ₹431.23, which gives a possible trading interval of +/-₹15.33 (+/-3.69%) up or down from last closing price. If WORTH INVESTMENT & TRADING CO takes out the full calculated possible swing range there will be an estimated 7.37% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹396.10, some ₹19.80 (4.76%) from the current price of ₹415.90, our system finds the risk reward attractive.
Is WORTH INVESTMENT & TRADING CO stock A Buy?
WORTH INVESTMENT & TRADING CO holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for WORTH INVESTMENT & TRADING CO of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹410.65 ( 1.26%) | ₹415.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WORTH.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 426.40 | 2.52% |
| R2 | 420.38 | 1.08% |
| R1 | 416.67 | 0.184% |
| Price | 415.90 | |
| S1 | 404.63 | -2.71% |
| S2 | 400.92 | -3.60% |
| S3 | 394.90 | -5.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 415.90 | |
| S1 | 396.10 | -4.76% |
| S2 | 377.25 | -9.29% |
| S3 | 359.30 | -13.61% |
FAQ
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