Xpro India Limited Stock Forecast
Green day on Friday for Xpro India Limited stock after gaining 0.689%
(Updated on May 10, 2024)
The Xpro India Limited stock price gained 0.689% on the last trading day (Friday, 10th May 2024), rising from ₹1,015.35 to ₹1,022.35. During the last trading day the stock fluctuated 3.89% from a day low at ₹1,000.80 to a day high of ₹1,039.70. The price has fallen in 6 of the last 10 days and is down by -6.42% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 27 thousand shares were bought and sold for approximately ₹27.83 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹1,006.98 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.10% during the next 3 months and, with a 90% probability hold a price between ₹895.22 and ₹1,020.91 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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XPROINDIA.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 0.81%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Xpro India 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 ₹1,031.36 and ₹1,079.08. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Xpro India Limited stock
Xpro India Limited finds support from accumulated volume at ₹1,015.35 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 ₹38.90 between high and low, or 3.89%. For the last week, the stock has had daily average volatility of 3.72%.
Our recommended stop-loss: ₹960.75 (-6.03%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (XPROINDIA.NS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Xpro India Limited to open at ₹1,020.95, and during the day (based on 14 day Average True Range), to move between ₹985.28 and ₹1,059.42, which gives a possible trading interval of +/-₹37.07 (+/-3.63%) up or down from last closing price. If Xpro India Limited takes out the full calculated possible swing range there will be an estimated 7.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹1,015.35 (0.68%) than the resistance at ₹1,032.70 (1.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Xpro India Limited stock A Buy?
Xpro India Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.451 Hold/Accumulate Unchanged
Predicted Opening Price for Xpro India Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₹1,020.95 ( 0.137%) | ₹1,022.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XPROINDIA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,059.85 | 3.67 % | |
| R2 | 1,044.99 | 2.21 % | ||
| R1 | 1,035.81 | 1.32 % | ||
| Current price: | 1,022.35 | |||
| Support | S1 | 1,006.09 | -1.59 % | |
| S2 | 996.91 | -2.49 % | ||
| S3 | 982.05 | -3.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,265.45 | 23.78 % | |
| R2 | 1,102.45 | 7.83 % | ||
| R1 | 1,032.70 | 1.01 % | ||
| Current price | 1,022.35 | |||
| Support | S1 | 1,015.35 | -0.685% | |
| S2 | 1,014.15 | -0.80% | ||
| S3 | 0 | . |
XPROINDIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | ₹2.00 | 0.223% |
| 2 | Jun 16, 2022 | Jun 16, 2022 | Jun 16, 2022 | ₹1.33 | 0.175% |
| 3 | Apr 27, 2013 | Jun 27, 2013 | Aug 02, 2013 | ₹0.667 | 5.17% |
| 4 | Apr 26, 2012 | Jun 28, 2012 | Aug 25, 2012 | ₹1.67 | 4.89% |
| 5 | Jun 20, 2011 | Jun 29, 2011 | Aug 20, 2011 | ₹1.33 | 4.02% |
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