YAAN ENTERPRISES LIMITED Stock Forecast

YAAN ENTERPRISES LIMITED stock price ended at ₹87.10 on Friday, after gaining 4.95%.
(Updated on Jun 28, 2024)

YAANENT.BO Signals & Forecast

There are mixed signals in the stock today. The YAAN ENTERPRISES LIMITED stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹89.94. On a fall, the stock will find some support from the short-term average at ₹84.74. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -12.62%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). YAAN ENTERPRISES 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.

Support, Risk & Stop-loss for YAAN ENTERPRISES LIMITED stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹82.14 and ₹71.01. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, YAAN ENTERPRISES LIMITED finds support just below today's level at ₹82.14. If this is broken, then the next support from accumulated volume will be at ₹71.01 and ₹70.10.

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 ₹2.00 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 4.90%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (YAANENT.BO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect YAAN ENTERPRISES LIMITED to open at ₹86.45, and during the day (based on 14 day Average True Range), to move between ₹84.33 and ₹89.87, which gives a possible trading interval of +/-₹2.77 (+/-3.18%) up or down from last closing price. If YAAN ENTERPRISES LIMITED takes out the full calculated possible swing range there will be an estimated 6.36% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹82.14 (5.69%) than the resistance at ₹93.84 (7.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is YAAN ENTERPRISES LIMITED stock A Buy?

YAAN ENTERPRISES LIMITED holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.882 Sell Candidate Unchanged

Predicted Opening Price for YAAN ENTERPRISES LIMITED of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.