Zee Learn Limited Stock Forecast
Zee Learn Limited stock price down 1.60% on Friday
(Updated on Apr 19, 2024)
The Zee Learn Limited stock price fell by -1.60% on the last day (Friday, 19th Apr 2024) from ₹6.25 to ₹6.15. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 1.63% from a day low at ₹6.15 to a day high of ₹6.25. The price has fallen in 9 of the last 10 days and is down by -12.14% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -70 thousand shares and in total, 149 thousand shares were bought and sold for approximately ₹917.00 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹5.87 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.84% during the next 3 months and, with a 90% probability hold a price between ₹5.18 and ₹7.86 at the end of this 3-month period.
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ZEELEARN.NS Signals & Forecast
There are mixed signals in the stock today. The Zee Learn 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 ₹6.45 and ₹7.16. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Zee Learn Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.1000 between high and low, or 1.63%. For the last week the stock has had daily average volatility of 0.325%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZEELEARN.NS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Zee Learn Limited to open at ₹6.18, and during the day (based on 14 day Average True Range), to move between ₹5.94 and ₹6.36, which gives a possible trading interval of +/-₹0.209 (+/-3.40%) up or down from last closing price. If Zee Learn Limited takes out the full calculated possible swing range there will be an estimated 6.80% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₹6.75, some ₹0.600 (9.76%) from the current price of ₹6.15, our system finds the risk reward not very attractive.
Is Zee Learn Limited stock A Buy?
Zee Learn 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: -4.043 Sell Candidate Unchanged
Predicted Opening Price for Zee Learn Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ₹6.18 ( 0.542%) | ₹6.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZEELEARN.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.28 | 2.17 % | |
| R2 | 6.25 | 1.55 % | ||
| R1 | 6.22 | 1.16 % | ||
| Current price: | 6.15 | |||
| Support | S1 | 6.15 | -0.0791 % | |
| S2 | 6.12 | -0.463 % | ||
| S3 | 6.08 | -1.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.00 | 13.82 % | |
| R2 | 6.95 | 13.01 % | ||
| R1 | 6.75 | 9.76 % | ||
| Current price | 6.15 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
ZEELEARN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2019 | Sep 17, 2019 | Oct 03, 2019 | ₹0.100 | 0.508% |
| 2 | May 07, 2018 | Sep 12, 2018 | Oct 01, 2018 | ₹0.100 | 0.281% |
| 3 | Apr 25, 2017 | Sep 19, 2017 | Oct 28, 2017 | ₹0.0500 | 0.110% |
| 4 | Oct 21, 2016 | Nov 03, 2016 | Nov 18, 2016 | ₹0.0500 | 0.143% |
FAQ
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