Yatra Online Inc Stock Forecast
Yatra Online Inc stock upgraded to Sell Candidate.
(Updated on Apr 26, 2024)
The Yatra Online Inc stock price gained 4.00% on the last trading day (Friday, 26th Apr 2024), rising from $1.25 to $1.30. During the last trading day the stock fluctuated 6.40% from a day low at $1.25 to a day high of $1.33. The price has fallen in 5 of the last 10 days and is down by -14.47% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 131 thousand shares were bought and sold for approximately $169.99 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.24 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.64% during the next 3 months and, with a 90% probability hold a price between $1.06 and $1.34 at the end of this 3-month period.
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YTRA Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 4.00%. Further rise is indicated until a new top pivot has been found. Yatra Online Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yatra Online Inc 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 $1.32 and $1.49. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Yatra Online Inc stock
Yatra Online Inc finds support from accumulated volume at $1.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0800 between high and low, or 6.40%. For the last week, the stock has had daily average volatility of 6.68%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YTRA) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Yatra Online Inc to open at $1.29, and during the day (based on 14 day Average True Range), to move between $1.22 and $1.38, which gives a possible trading interval of +/-$0.0764 (+/-5.88%) up or down from last closing price. If Yatra Online Inc takes out the full calculated possible swing range there will be an estimated 11.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.29 (0.77%) than the resistance at $1.47 (13.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yatra Online Inc stock A Buy?
Yatra Online Inc 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.444 Sell Candidate Upgraded
Predicted Opening Price for Yatra Online Inc of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $1.29 ( 0.513%) | $1.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YTRA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.37 | 5.64 % | |
| R2 | 1.34 | 3.29 % | ||
| R1 | 1.32 | 1.84 % | ||
| Current price: | 1.30 | |||
| Support | S1 | 1.26 | -2.86 % | |
| S2 | 1.24 | -4.32 % | ||
| S3 | 1.21 | -6.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.61 | 23.85 % | |
| R2 | 1.59 | 22.31 % | ||
| R1 | 1.47 | 13.08 % | ||
| Current price | 1.30 | |||
| Support | S1 | 1.29 | -0.769% | |
| S2 | 1.25 | -3.85% | ||
| S3 | 0 | . |
FAQ
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