Zim Laboratories Limited Stock Forecast
Zim Laboratories Limited stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Zim Laboratories Limited stock price gained 0.408% on the last trading day (Friday, 28th Jun 2024), rising from ₹110.40 to ₹110.85. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.65% from a day low at ₹107.91 to a day high of ₹111.85. The price has risen in 7 of the last 10 days and is up by 8.37% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 253 thousand shares were bought and sold for approximately ₹28.02 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 upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹111.89 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 3.74% during the next 3 months and, with a 90% probability hold a price between ₹101.94 and ₹116.07 at the end of this 3-month period.
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ZIMLAB.NS Signals & Forecast
Mostly positive signals in the chart today. The Zim Laboratories Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹107.07 and ₹104.30. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 16.19%. 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). 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. The stock had a Golden Star Signal on Tuesday, June 18, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, June 18, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Zim Laboratories Limited stock
Zim Laboratories Limited finds support from accumulated volume at ₹110.40 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 ₹3.94 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 3.89%.
Our recommended stop-loss: ₹106.99 (-3.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (ZIMLAB.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Zim Laboratories Limited to open at ₹110.20, and during the day (based on 14 day Average True Range), to move between ₹106.46 and ₹115.24, which gives a possible trading interval of +/-₹4.39 (+/-3.96%) up or down from last closing price. If Zim Laboratories Limited takes out the full calculated possible swing range there will be an estimated 7.91% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹110.40, some ₹0.450 (0.41%) from the current price of ₹110.85, our system finds the risk reward attractive.
Is Zim Laboratories Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Zim Laboratories Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.774 Buy Candidate Upgraded
Predicted Opening Price for Zim Laboratories Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹110.20 ( 0.583%) | ₹110.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZIMLAB.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 114.14 | 2.97% |
| R2 | 112.64 | 1.61% |
| R1 | 111.71 | 0.774% |
| Price | 110.85 | |
| S1 | 108.70 | -1.94% |
| S2 | 107.77 | -2.78% |
| S3 | 106.26 | -4.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 110.85 | |
| S1 | 110.40 | -0.406% |
| S2 | 105.80 | -4.56% |
| S3 | 103.90 | -6.27% |
ZIMLAB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 19, 2019 | Sep 19, 2019 | Oct 30, 2019 | ₹0.167 | 0% |
| 2 | Sep 03, 2018 | Sep 03, 2018 | Sep 05, 2018 | ₹0.167 | 0% |
FAQ
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