Allcargo Gati Limited Stock Forecast
Green day on Friday for Allcargo Gati Limited stock after gaining 3.15%
(Updated on Jun 28, 2024)
The Allcargo Gati Limited stock price gained 3.15% on the last trading day (Friday, 28th Jun 2024), rising from ₹108.47 to ₹111.89. During the last trading day the stock fluctuated 5.69% from a day low at ₹108.46 to a day high of ₹114.63. The price has fallen in 6 of the last 10 days but is still up by 15.56% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 905 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately ₹160.72 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 13.30% during the next 3 months and, with a 90% probability hold a price between ₹114.02 and ₹134.83 at the end of this 3-month period.
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ACLGATI.NS Signals & Forecast
Mostly positive signals in the chart today. The Allcargo Gati Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹110.09 and ₹102.95. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 4.57%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Allcargo Gati Limited stock
Allcargo Gati Limited finds support from accumulated volume at ₹111.60 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 ₹6.17 between high and low, or 5.69%. For the last week, the stock has had daily average volatility of 5.68%.
Our recommended stop-loss: ₹106.85 (-4.50%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ACLGATI.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Allcargo Gati Limited to open at ₹111.66, and during the day (based on 14 day Average True Range), to move between ₹106.64 and ₹117.14, which gives a possible trading interval of +/-₹5.25 (+/-4.69%) up or down from last closing price. If Allcargo Gati Limited takes out the full calculated possible swing range there will be an estimated 9.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹111.60 (0.26%) than the resistance at ₹112.43 (0.48%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Allcargo Gati Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Allcargo Gati Limited stock to perform well in the short-term.
Current score: 3.275 Buy Candidate Unchanged
Predicted Opening Price for Allcargo Gati Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹111.66 ( 0.206%) | ₹111.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACLGATI.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 117.83 | 5.31% |
| R2 | 115.47 | 3.20% |
| R1 | 114.02 | 1.90% |
| Price | 111.89 | |
| S1 | 109.30 | -2.31% |
| S2 | 107.85 | -3.61% |
| S3 | 105.49 | -5.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 114.34 | 2.19% |
| R1 | 112.43 | 0.483% |
| Price | 111.89 | |
| S1 | 111.60 | -0.259% |
| S2 | 109.87 | -1.81% |
| S3 | 96.02 | -14.18% |
ACLGATI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 17, 2019 | Sep 17, 2019 | Oct 25, 2019 | ₹0.80 | 1.43% |
| 2 | Sep 10, 2018 | Sep 10, 2018 | Oct 18, 2018 | ₹0.90 | 1.17% |
| 3 | Jul 21, 2017 | Jul 21, 2017 | Aug 31, 2017 | ₹0.80 | 0.681% |
| 4 | Jul 26, 2016 | Jul 26, 2016 | Jul 26, 2016 | ₹1.00 | 0.580% |
| 5 | Jul 21, 2015 | Jul 21, 2015 | Jul 21, 2015 | ₹0.80 | 0.431% |
FAQ
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