Acrow India Limited Stock Forecast
High volatility in Acrow India Limited stock price on Friday which ended trading at ₹792.95
(Updated on Jun 14, 2024)
The Acrow India Limited stock price gained 0.373% on the last trading day (Friday, 14th Jun 2024), rising from ₹790.00 to ₹792.95. During the last trading day the stock fluctuated 12.30% from a day low at ₹747.00 to a day high of ₹838.85. The price has fallen in 5 of the last 10 days and is down by -1.7% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 329 more shares were traded than the day before. In total, 352 shares were bought and sold for approximately ₹279.12 thousand.
The stock lies in the upper part of a wide and weak rising 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 ₹814.60 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.22% during the next 3 months and, with a 90% probability hold a price between ₹687.16 and ₹848.97 at the end of this 3-month period.
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ACROW.BO Signals & Forecast
The Acrow India 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 ₹781.81 and ₹736.87. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Acrow India Limited 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. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -1.91%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Acrow India Limited stock
Acrow India Limited finds support from accumulated volume at ₹792.30 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 ₹91.85 between high and low, or 12.30%. For the last week, the stock has had daily average volatility of 6.97%.
Our recommended stop-loss: ₹762.61 (-3.83%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (ACROW.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Acrow India Limited to open at ₹792.93, and during the day (based on 14 day Average True Range), to move between ₹736.05 and ₹849.85, which gives a possible trading interval of +/-₹56.90 (+/-7.18%) up or down from last closing price. If Acrow India Limited takes out the full calculated possible swing range there will be an estimated 14.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹792.30 (0.08%) than the resistance at ₹806.70 (1.73%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Acrow India 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 Acrow India Limited stock to perform well in the short-term.
Current score: 3.694 Buy Candidate Unchanged
Predicted Opening Price for Acrow India Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹792.93 ( 0.0021%) | ₹792.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACROW.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 884.78 | 11.58% |
| R2 | 849.70 | 7.16% |
| R1 | 828.02 | 4.42% |
| Price | 792.95 | |
| S1 | 757.85 | -4.43% |
| S2 | 736.17 | -7.16% |
| S3 | 701.08 | -11.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 808.35 | 1.94% |
| R1 | 806.70 | 1.73% |
| Price | 792.95 | |
| S1 | 792.30 | -0.0820% |
| S2 | 771.15 | -2.75% |
| S3 | 746.00 | -5.92% |
ACROW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 19, 2011 | Sep 19, 2011 | Sep 19, 2011 | ₹5.00 | 4.55% |
| 2 | Sep 23, 2010 | Sep 23, 2010 | Sep 23, 2010 | ₹5.00 | 2.82% |
| 3 | Sep 11, 2009 | Sep 11, 2009 | Sep 11, 2009 | ₹3.50 | 2.49% |
| 4 | Jul 31, 2008 | Jul 31, 2008 | Jul 31, 2008 | ₹3.50 | 1.85% |
| 5 | Sep 20, 2007 | Sep 20, 2007 | Sep 20, 2007 | ₹2.50 | 0.80% |
FAQ
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