Ador Welding Limited Stock Forecast
Evaluation of Ador Welding Limited stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Ador Welding Limited stock price gained 0.0850% on the last trading day (Friday, 28th Jun 2024), rising from ₹1,412.45 to ₹1,413.65. During the last trading day the stock fluctuated 2.82% from a day low at ₹1,380.00 to a day high of ₹1,418.90. The price has fallen in 6 of the last 10 days but is still up by 1.05% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹4.36 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₹1,401.33, a level that may pose a second chance to hit a runner. According to fan-theory ₹1,659.03 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ADORWELD.BO Signals & Forecast
The Ador Welding 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 ₹1,361.86 and ₹1,328.25. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, June 12, 2024, and so far it has fallen -0.84%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ador Welding Limited stock
Ador Welding Limited finds support from accumulated volume at ₹1,403.55 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 ₹38.90 between high and low, or 2.82%. For the last week, the stock has had daily average volatility of 4.10%.
Our recommended stop-loss: ₹1,368.31 (-3.21%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (ADORWELD.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ador Welding Limited to open at ₹1,404.18, and during the day (based on 14 day Average True Range), to move between ₹1,354.29 and ₹1,473.01, which gives a possible trading interval of +/-₹59.36 (+/-4.20%) up or down from last closing price. If Ador Welding Limited takes out the full calculated possible swing range there will be an estimated 8.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,419.95 (0.45%) than the support at ₹1,403.55 (0.71%), 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 Ador Welding Limited stock A Buy?
Ador Welding 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.398 Hold/Accumulate Downgraded
Predicted Opening Price for Ador Welding Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹1,404.18 ( 0.670%) | ₹1,413.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADORWELD.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,443.08 | 2.08% |
| R2 | 1,428.22 | 1.03% |
| R1 | 1,419.04 | 0.382% |
| Price | 1,413.65 | |
| S1 | 1,389.32 | -1.72% |
| S2 | 1,380.14 | -2.37% |
| S3 | 1,365.28 | -3.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,495.55 | 5.79% |
| R2 | 1,451.95 | 2.71% |
| R1 | 1,419.95 | 0.446% |
| Price | 1,413.65 | |
| S1 | 1,403.55 | -0.714% |
| S2 | 1,368.00 | -3.23% |
| S3 | 1,259.80 | -10.88% |
ADORWELD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 30, 2024 | ₹18.50 | 1.47% |
| 2 | Aug 02, 2023 | Aug 02, 2023 | Sep 08, 2023 | ₹17.50 | 1.52% |
| 3 | Jul 19, 2022 | Jul 19, 2022 | Aug 26, 2022 | ₹12.50 | 1.55% |
| 4 | Aug 23, 2017 | Aug 23, 2017 | Sep 30, 2017 | ₹5.00 | 1.15% |
| 5 | Jul 21, 2016 | Jul 21, 2016 | Jul 21, 2016 | ₹5.00 | 1.74% |
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