Videocon d2h Limited Fund Forecast

Red day on Thursday for Videocon d2h Limited
(Updated on Apr 26, 2018)

VDTH Signals & Forecast

The Videocon d2h Limited fund 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 $8.49 and $8.20. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, April 25, 2018, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Sell

Special Signal Notification

Double Top Formation

Support, Risk & Stop-loss for Videocon d2h Limited fund

On the downside, the fund finds support just below today's level from accumulated volume at $7.76 and $7.69. There is a natural risk involved when a fund is testing a support level, since if this is broken, the fund then may fall to the next support level. In this case, Videocon d2h Limited finds support just below today's level at $7.76. If this is broken, then the next support from accumulated volume will be at $7.69 and $7.50.

In general the fund tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

Our recommended stop-loss: $8.20 (-3.40%) (This fund has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (VDTH) For The Upcoming Trading Day Of Friday 27th

For the upcoming trading day on Friday, 27th we expect Videocon d2h Limited to open at $8.49, and during the day (based on 14 day Average True Range), to move between $8.28 and $8.70, which gives a possible trading interval of +/-$0.212 (+/-2.50%) up or down from last closing price. If Videocon d2h Limited takes out the full calculated possible swing range there will be an estimated 5.01% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $8.50 (0.12%) than the support at $7.76 (8.60%), 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 Videocon d2h Limited fund A Buy?

Videocon d2h Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.020 Hold/Accumulate Unchanged

Predicted Opening Price for Videocon d2h Limited of Friday, April 27, 2018

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