PVR Share Price: Why Is The Entertainment Industry In India So Bustling?
PVR Share price today is 1.417,95 USD with a volume of 829.353. At the same time, its chart fluctuates between 1.362,20 USD – 1.433,00 USD. PVR Share price was a maximum of 1.591,90 USD and a minimum of 957,39 USD within 52 weeks. Its average volume is 923.218 and it is ranked 8.611 in the MarketCap listings. The target point of PVR Share price at the end of 1 year is not clear yet. The face value of the share is 10 and the dividend yield of the share is not clear yet. Its book value per share is 424,84.
PVR Share price is down 0.27% in the last day, from $1,421.85 to $1,417.95. During the day, the stock fluctuated 5.20% from $1,362.20 to the day’s high of $1,433.00. Although the price fell 5 of the last 10 days, the overall increase in the last 2 weeks was 2.45%.
Volume rose 518,000 shares in the last day as the price fell. The opposite movement of volume and price is not a good technical analysis result. This is an early warning and may increase the risk. In total, 829 thousand shares were traded for approximately $1.18 billion.
The stock is trading above a broad and strong uptrend in short-term trading. A reaction towards the lower part of the trend can be expected. This is normally a very good selling opportunity for short-term traders. A breakout of the top trendline at $1,466.66 appears to be primarily a signal of a stronger bullish rate. If we evaluate the current short-term trend, the stock could rise 19.48% in the next 3 months. After this 3-month period, it can hold a price between $1,406.31 and $1,752.36.
PVR Cinemas is a film and entertainment company based in India. The company started out as a 60:40 venture in 1995 with the partnership of Priya Exhibitors Private Limited and Village Roadshow Limited. Ajay Bijli who is the chairman and managing director of PVR Cinemas founded the company, which later began its commercial operations in June 1997. The joint general manager of the company is Sanjeev Kumar Bijli, brother of Ajay Bijli. The company had introduced its first PVR Gold Screen at the Bangalore Forum Mall.
Analysis of PVR Share Price
PVR Share price has a sell signal from the short-term moving average, and it also has a buy signal from the long-term average. Since the short-term average is above the long-term average, there is a positive overall buying signal. On the downside, the PVR Share price may find some support from the long-term average at around $1,280.44.
A break in the short-term average sends a buy signal, while a break in the long-term average sends a sell signal. There is also a buy signal at the 3-month Moving Average Convergence Divergence.
Besides these positive signals, there are also some negative signals. These negative signals can have an impact on near short-term trades. A sell signal was issued from the pivot apex on June 15, 2021. On top of that, a decrease of 2.53% has been observed so far. We may continue to observe bearish until a new bottom pivot is published.
Volume rose despite the price drop on the last trading day. The opposite direction of volume and price is not a good technical analysis result, and it is an early warning. That’s why the PVR Share price should be watched closely. Additionally, the stock received a Gold Star Signal* on Tuesday, August 04, 2020, on the medium-term chart.
What Is the Gold Star Signal?
The Gold Star is a technical signal that Jim Stromberg introduced on the getagraph.com website in 2007. The signal is based on the 50- or 200-day moving averages. It is derived from the well-known ‘Golden Cross’ discussed by many traders and analysts, which defines what is the best technical signal of all. For the signal to be valid, it must cross the price line in a particular pattern.
The Gold Star Signal* is a special combination of short-term trades, long-term trades, and price line. This combination is very rare. It’s also usually followed by long and strong gains for the stock in question.