ACC Limited Stock Forecast
Stronger technical forecast for ACC Limited stock price after Friday trading.
(Updated on May 17, 2024)
The ACC Limited stock price gained 1.44% on the last trading day (Friday, 17th May 2024), rising from ₹2,486.10 to ₹2,521.95. During the last trading day the stock fluctuated 1.68% from a day low at ₹2,486.20 to a day high of ₹2,527.95. The price has been going up and down for this period, and there has been a -0.37% loss for the last 2 weeks. 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, 451 thousand shares were bought and sold for approximately ₹1.14 billion.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹2,540.70 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.38% during the next 3 months and, with a 90% probability hold a price between ₹2,075.34 and ₹2,353.23 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.
ACC.NS Signals & Forecast
The ACC Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹2,442.96 and ₹2,499.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 6.86%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. 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).
Support, Risk & Stop-loss for ACC Limited stock
ACC Limited finds support from accumulated volume at ₹2,463.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹41.75 between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 2.26%.
Our recommended stop-loss: ₹2,421.07 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (ACC.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect ACC Limited to open at ₹2,512.03, and during the day (based on 14 day Average True Range), to move between ₹2,462.06 and ₹2,581.84, which gives a possible trading interval of +/-₹59.89 (+/-2.37%) up or down from last closing price. If ACC Limited takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹2,533.05 (0.44%) than the support at ₹2,463.50 (2.32%), 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 ACC Limited stock A Buy?
ACC 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.171 Hold/Accumulate Upgraded
Predicted Opening Price for ACC Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹2,512.03 ( 0.393%) | ₹2,521.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,553.78 | 1.26 % | |
| R2 | 2,537.83 | 0.630 % | ||
| R1 | 2,527.98 | 0.239 % | ||
| Current price: | 2,521.95 | |||
| Support | S1 | 2,496.08 | -1.03 % | |
| S2 | 2,486.23 | -1.42 % | ||
| S3 | 2,470.28 | -2.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,579.60 | 2.29 % | |
| R2 | 2,556.40 | 1.37 % | ||
| R1 | 2,533.05 | 0.440 % | ||
| Current price | 2,521.95 | |||
| Support | S1 | 2,463.50 | -2.32% | |
| S2 | 2,441.55 | -3.19% | ||
| S3 | 2,436.45 | -3.39% |
ACC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 14, 2024 | Jun 14, 2024 | Jul 26, 2024 | ₹7.50 | 0.297% |
| 2 | Jul 07, 2023 | Jul 07, 2023 | Jul 07, 2023 | ₹9.25 | 0.516% |
| 3 | Jul 06, 2023 | Jul 06, 2023 | Jul 06, 2023 | ₹9.25 | 0.508% |
| 4 | Apr 04, 2022 | Apr 04, 2022 | Apr 04, 2022 | ₹58.00 | 2.74% |
| 5 | Mar 30, 2021 | Mar 30, 2021 | Mar 30, 2021 | ₹14.00 | 0.747% |
FAQ
Click here for our free guide on how to buy ACC Limited Stock.
