Advani Hotels & Resorts Stock Forecast
Advani Hotels & Resorts stock upgraded to Hold/Accumulate.
(Updated on May 13, 2024)
The Advani Hotels & Resorts stock price fell by -3.56% on the last day (Monday, 13th May 2024) from ₹78.02 to ₹75.24. During the last trading day the stock fluctuated 6.89% from a day low at ₹74.45 to a day high of ₹79.58. The price has been going up and down for this period, and there has been a -6.68% loss for the last 2 weeks. Volume has increased on the last day by 4 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 13 thousand shares were bought and sold for approximately ₹993.92 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 -55.95% during the next 3 months and, with a 90% probability hold a price between ₹6.66 and ₹40.70 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.
ADVANIHOTR.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 4.94%. 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. The Advani Hotels & Resorts stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹78.71 and ₹84.51. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Advani Hotels & Resorts gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Advani Hotels & Resorts stock
Advani Hotels & Resorts finds support from accumulated volume at ₹75.00 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 ₹5.13 between high and low, or 6.89%. For the last week, the stock has had daily average volatility of 4.86%.
Our recommended stop-loss: ₹71.86 (-4.49%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 27 days ago.)
Trading Expectations (ADVANIHOTR.BO) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Advani Hotels & Resorts to open at ₹76.42, and during the day (based on 14 day Average True Range), to move between ₹70.38 and ₹80.10, which gives a possible trading interval of +/-₹4.86 (+/-6.46%) up or down from last closing price. If Advani Hotels & Resorts takes out the full calculated possible swing range there will be an estimated 12.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹75.00 (0.32%) than the resistance at ₹84.36 (12.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Advani Hotels & Resorts stock A Buy?
Advani Hotels & Resorts holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.906 Hold/Accumulate Upgraded
Predicted Opening Price for Advani Hotels & Resorts of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| ₹76.42 ( 1.57%) | ₹75.24 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ADVANIHOTR.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 81.55 | 8.39 % | |
| R2 | 79.59 | 5.79 % | ||
| R1 | 78.38 | 4.18 % | ||
| Current price: | 75.24 | |||
| Support | S1 | 74.46 | -1.03 % | |
| S2 | 73.25 | -2.64 % | ||
| S3 | 71.29 | -5.25 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.49 | 16.28 % | |
| R2 | 85.39 | 13.49 % | ||
| R1 | 84.36 | 12.12 % | ||
| Current price | 75.24 | |||
| Support | S1 | 75.00 | -0.319% | |
| S2 | 74.20 | -1.38% | ||
| S3 | 71.70 | -4.70% |
FAQ
Click here for our free guide on how to buy Advani Hotels & Resorts Stock.
