Zf Commercial Vehicle Control Systems Stock Forecast
Green day on Friday for Zf Commercial Vehicle Control Systems
(Updated on Jun 28, 2024)
The Zf Commercial Vehicle Control Systems stock price gained 0.281% on the last trading day (Friday, 28th Jun 2024), rising from ₹15,507.60 to ₹15,551.20. During the last trading day the stock fluctuated 3.17% from a day low at ₹15,440.00 to a day high of ₹15,930.00. The price has fallen in 8 of the last 10 days and is down by -10.49% for this period. Volume fell on the last day by -7 thousand shares and in total, 21 thousand shares were bought and sold for approximately ₹319.34 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.31% during the next 3 months and, with a 90% probability hold a price between ₹12,834.66 and ₹17,093.39 at the end of this 3-month period.
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ZFCVINDIA.NS Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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. 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 ₹15,728.91 and ₹16,488.74. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 11, 2024, and so far it has fallen -12.16%. 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).
Support, Risk & Stop-loss for Zf Commercial Vehicle Control Systems stock
Zf Commercial Vehicle Control Systems finds support from accumulated volume at ₹15,507.60 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 ₹490.00 between high and low, or 3.17%. For the last week, the stock has had daily average volatility of 3.05%.
Zf Commercial Vehicle Control Systems is oversold on RSI14 (29). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ZFCVINDIA.NS) 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 ₹15,640.40, and during the day (based on 14 day Average True Range), to move between ₹14,658.59 and ₹16,443.81, which gives a possible trading interval of +/-₹892.61 (+/-5.74%) 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 11.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹15,507.60 (0.28%) than the resistance at ₹16,244.85 (4.46%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Zf Commercial Vehicle Control Systems India Limited stock A Buy?
Zf Commercial Vehicle Control Systems holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.348 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 |
---|---|
₹15,640.40 ( 0.574%) | ₹15,551.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZFCVINDIA.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 16,130.40 | 3.72% |
R2 | 15,943.22 | 2.52% |
R1 | 15,827.58 | 1.78% |
Price | 15,551.20 | |
S1 | 15,453.22 | -0.630% |
S2 | 15,337.58 | -1.37% |
S3 | 15,150.40 | -2.58% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 17,162.30 | 10.36% |
R2 | 16,261.50 | 4.57% |
R1 | 16,244.85 | 4.46% |
Price | 15,551.20 | |
S1 | 15,507.60 | -0.280% |
S2 | 13,551.25 | -12.86% |
S3 | 0 | - |
ZFCVINDIA Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 15, 2024 | Jul 15, 2024 | Aug 20, 2024 | ₹17.00 | 0.108% |
2 | Jul 07, 2023 | Jul 07, 2023 | Aug 25, 2023 | ₹13.00 | 0.0993% |
3 | Jul 07, 2022 | Jul 07, 2022 | Aug 25, 2022 | ₹12.00 | 0.123% |
4 | Sep 16, 2021 | Sep 16, 2021 | Sep 28, 2021 | ₹11.00 | 0.155% |
5 | Aug 12, 2021 | Aug 12, 2021 | Aug 12, 2021 | ₹11.00 | 0.146% |
FAQ
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