Aegis Logistics Ltd Stock Forecast

Aegis Logistics Ltd stock price down 3.04% on Friday
(Updated on May 03, 2024)

AEGISCHEM.NS Signals & Forecast

The Aegis Logistics Ltd stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹654.46. On a fall, the stock will find some support from the long-term average at approximately ₹485.33. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, April 29, 2024, and so far it has fallen -9.85%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Aegis Logistics Ltd stock

Aegis Logistics Ltd finds support from accumulated volume at ₹604.50 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹39.80 between high and low, or 6.44%. For the last week, the stock has had daily average volatility of 6.45%.

Our recommended stop-loss: ₹592.58 (-5.58%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 4 days ago.)

Trading Expectations (AEGISCHEM.NS) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Aegis Logistics Ltd to open at ₹634.60, and during the day (based on 14 day Average True Range), to move between ₹592.45 and ₹662.75, which gives a possible trading interval of +/-₹35.15 (+/-5.60%) up or down from last closing price. If Aegis Logistics Ltd takes out the full calculated possible swing range there will be an estimated 11.20% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹635.65 (1.28%) than the support at ₹604.50 (3.68%), 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 Aegis Logistics Ltd stock A Buy?

Aegis Logistics Ltd 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.

Current score: 0.858 Hold/Accumulate Unchanged

Predicted Opening Price for Aegis Logistics Ltd of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.