Aarvee Denims and Exports Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Friday for Aarvee Denims and Exports Limited
(Updated on May 03, 2024)
The Aarvee Denims and Exports Limited stock price fell by -1.11% on the last day (Friday, 3rd May 2024) from ₹27.05 to ₹26.75. During the last trading day the stock fluctuated 7.00% from a day low at ₹25.70 to a day high of ₹27.50. The price has risen in 5 of the last 10 days but is still down by -1.29% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -14 thousand shares and in total, 25 thousand shares were bought and sold for approximately ₹680.63 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -28.11% during the next 3 months and, with a 90% probability hold a price between ₹13.42 and ₹21.76 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AARVEEDEN.NS Signals & Forecast
The Aarvee Denims and Exports Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹27.36. On a fall, the stock will find some support from the long-term average at approximately ₹26.46. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, March 27, 2024, and so far it has risen 13.35%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Aarvee Denims and Exports Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹25.05 and ₹24.30. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Aarvee Denims and Exports Limited finds support just below today's level at ₹25.05. If this is broken, then the next support from accumulated volume will be at ₹24.30 and ₹24.20.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹1.80 between high and low, or 7.00%. For the last week the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: ₹25.46 (-4.81%) (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 (AARVEEDEN.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Aarvee Denims and Exports Limited to open at ₹26.65, and during the day (based on 14 day Average True Range), to move between ₹25.35 and ₹28.15, which gives a possible trading interval of +/-₹1.40 (+/-5.22%) up or down from last closing price. If Aarvee Denims and Exports Limited takes out the full calculated possible swing range there will be an estimated 10.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹27.45 (2.62%) than the support at ₹25.05 (6.36%), 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 Aarvee Denims and Exports Limited stock A Buy?
Aarvee Denims and Exports 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: 0.639 Hold/Accumulate Unchanged
Predicted Opening Price for Aarvee Denims and Exports Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹26.65 ( 0.374%) | ₹26.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AARVEEDEN.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.45 | 6.36 % | |
| R2 | 27.76 | 3.78 % | ||
| R1 | 27.34 | 2.20 % | ||
| Current price: | 26.75 | |||
| Support | S1 | 25.96 | -2.94 % | |
| S2 | 25.54 | -4.53 % | ||
| S3 | 24.85 | -7.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.25 | 24.30 % | |
| R2 | 27.65 | 3.36 % | ||
| R1 | 27.45 | 2.62 % | ||
| Current price | 26.75 | |||
| Support | S1 | 25.05 | -6.36% | |
| S2 | 24.30 | -9.16% | ||
| S3 | 24.20 | -9.53% |
AARVEEDEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 14, 2012 | Aug 30, 2012 | Oct 29, 2012 | ₹0.500 | 0.95% |
| 2 | May 28, 2010 | Sep 23, 2010 | Oct 30, 2010 | ₹0.500 | 0.592% |
| 3 | Aug 11, 2010 | Aug 25, 2010 | Sep 10, 2010 | ₹0.500 | 0.569% |
| 4 | Oct 16, 2009 | Oct 30, 2009 | Dec 01, 2009 | ₹0.500 | 0.84% |
| 5 | Sep 20, 2007 | Sep 20, 2007 | Sep 20, 2007 | ₹0.500 | 0.555% |
FAQ
Click here for our free guide on how to buy Aarvee Denims and Exports Limited Stock.
