Zf Commercial Vehicle Control Systems Stock Forecast
Zf Commercial Vehicle Control Systems stock price up 0.190% on Friday
(Updated on Jun 28, 2024)
The Zf Commercial Vehicle Control Systems stock price gained 0.190% on the last trading day (Friday, 28th Jun 2024), rising from ₹15,517.25 to ₹15,546.80. During the last trading day the stock fluctuated 3.05% from a day low at ₹15,450.00 to a day high of ₹15,921.25. The price has fallen in 8 of the last 10 days and is down by -10.51% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 293 more shares were traded than the day before. In total, 692 shares were bought and sold for approximately ₹10.76 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 20.18% during the next 3 months and, with a 90% probability hold a price between ₹17,597.85 and ₹22,031.95 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ZFCVINDIA.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.190%. 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 Zf Commercial Vehicle Control Systems stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹15,721.76 and ₹15,582.55. 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 Zf Commercial Vehicle Control Systems stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹14,181.50 and ₹13,906.20. 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, Zf Commercial Vehicle Control Systems finds support just below today's level at ₹14,181.50. If this is broken, then the next support from accumulated volume will be at ₹13,906.20 and ₹13,749.30.
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 ₹471.25 between high and low, or 3.05%. For the last week, the stock has had daily average volatility of 2.86%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZFCVINDIA.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Zf Commercial Vehicle Control Systems India Limited to open at ₹15,639.35, and during the day (based on 14 day Average True Range), to move between ₹14,897.18 and ₹16,196.42, which gives a possible trading interval of +/-₹649.62 (+/-4.18%) up or down from last closing price. If Zf Commercial Vehicle Control Systems India Limited takes out the full calculated possible swing range there will be an estimated 8.36% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹16,216.55 (4.31%) than the support at ₹14,181.50 (8.78%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Zf Commercial Vehicle Control Systems India Limited stock A Buy?
The Zf Commercial Vehicle Control Systems stock holds several negative signals and despite the positive trend, we believe Zf Commercial Vehicle Control Systems will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.374 Sell Candidate Unchanged
Predicted Opening Price for Zf Commercial Vehicle Control Systems India Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₹15,639.35 ( 0.595%) | ₹15,546.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZFCVINDIA.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16,110.60 | 3.63% |
R2 | 15,930.58 | 2.47% |
R1 | 15,819.37 | 1.75% |
Price | 15,546.80 | |
S1 | 15,459.33 | -0.563% |
S2 | 15,348.12 | -1.28% |
S3 | 15,168.10 | -2.44% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17,121.10 | 10.13% |
R2 | 16,284.60 | 4.75% |
R1 | 16,216.55 | 4.31% |
Price | 15,546.80 | |
S1 | 14,181.50 | -8.78% |
S2 | 13,906.20 | -10.55% |
S3 | 13,749.30 | -11.56% |
ZFCVINDIA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 15, 2024 | Jul 15, 2024 | Aug 20, 2024 | ₹17.00 | 0.110% |
2 | Jul 07, 2023 | Jul 07, 2023 | Aug 25, 2023 | ₹13.00 | 0.0998% |
3 | Jul 07, 2022 | Jul 07, 2022 | Aug 25, 2022 | ₹12.00 | 0.123% |
4 | Sep 14, 2017 | Sep 14, 2017 | Sep 28, 2017 | ₹7.00 | 0.120% |
5 | Jul 25, 2016 | Jul 25, 2016 | Jul 25, 2016 | ₹6.00 | 0.104% |
FAQ
Click here for our free guide on how to buy Zf Commercial Vehicle Control Systems India Limited Stock.