Stock of Interest

Posted On: July 14, 2023

Stock Report : VOITHPAPR (NSE) 13 Jul 2023

Outlook: Bullish

The Voith Group subsidiary Voith Paper provides a comprehensive range of products and services to the paper sector. The treatment of primary and secondary fibers, supply and rebuilds of paper machines, automation solutions, paper machine clothing and rolls, and resource efficiency technologies are all part of the full support they offer throughout the paper manufacturing process. Additionally, Voith Paper provides services for system optimization and product maintenance. To provide ideal conditions throughout the production of paper, they also offer air conditioning, drying, and cooling technology. Voith Paper is a top system supplier in the worldwide paper industry thanks to their experience and presence on a global scale. the company today has around 21,000 employees, sales of €4.9 billion and locations in over 60 countries worldwide and is thus one of the larger family-owned companies in Europe.

#xCalData predicts #VOITHPAPR will continue its bullish phase over the next five days and trend in the range of 1628 and 1563.

In comparison to the previous month, the price of the stock has experienced an increase of 20.09% suggesting a bullish sentiment in the market.

No, the stock has not shown the seasonality trend in the past.  

However, reviewing the returns for the past 5 years for the same week, we see the stock has given positive returns in 3 years and negative returns in 2 years in the past.

Majority of the technical ratios trend towards bullish side of the spectrum. Only 3 of the technical indicators namely ASI, HelkinAshi, OBV indicate bearish view. Trendline indicate neutral.

Collectively, xCalData suggests the stock would be in Bullish zone for this week ending 17^th July.

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Disclaimer: The securities quoted are for illustration only and are not recommendatory.