AIA Engineering Limited Stock Forecast
Stronger technical forecast for AIA Engineering Limited stock price after Friday trading.
(Updated on Jun 14, 2024)
The AIA Engineering Limited stock price gained 3.99% on the last trading day (Friday, 14th Jun 2024), rising from ₹3,819.65 to ₹3,972.00. During the last trading day the stock fluctuated 4.46% from a day low at ₹3,836.60 to a day high of ₹4,007.60. The price has risen in 8 of the last 10 days and is up by 8.07% 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, 2 thousand more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately ₹15.02 million.
The stock lies the upper part of a wide and falling 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 ₹4,005.23 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.10% during the next 3 months and, with a 90% probability hold a price between ₹3,497.32 and ₹3,881.23 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.
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AIAENG.BO Signals & Forecast
Mostly positive signals in the chart today. The AIA Engineering 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 ₹3,799.36 and ₹3,757.79. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 8.92%. 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 AIA Engineering Limited stock
AIA Engineering Limited finds support from accumulated volume at ₹3,883.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹171.00 between high and low, or 4.46%. For the last week the stock has had daily average volatility of 2.63%.
The AIA Engineering Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₹3,836.95 (-3.40%) (This stock has low daily movements and this gives low risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (AIAENG.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect AIA Engineering Limited to open at ₹3,938.73, and during the day (based on 14 day Average True Range), to move between ₹3,866.58 and ₹4,077.42, which gives a possible trading interval of +/-₹105.42 (+/-2.65%) up or down from last closing price. If AIA Engineering Limited takes out the full calculated possible swing range there will be an estimated 5.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹3,984.30 (0.31%) than the support at ₹3,883.20 (2.24%), 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 AIA Engineering Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.878 Buy Candidate Upgraded
Predicted Opening Price for AIA Engineering Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹3,938.73 ( 0.84%) | ₹3,972.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIAENG.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,109.73 | 3.47% |
| R2 | 4,044.41 | 1.82% |
| R1 | 4,004.06 | 0.81% |
| Price | 3,972.00 | |
| S1 | 3,873.41 | -2.48% |
| S2 | 3,833.06 | -3.50% |
| S3 | 3,767.73 | -5.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,102.30 | 3.28% |
| R2 | 4,096.80 | 3.14% |
| R1 | 3,984.30 | 0.310% |
| Price | 3,972.00 | |
| S1 | 3,883.20 | -2.24% |
| S2 | 3,767.40 | -5.15% |
| S3 | 3,722.10 | -6.29% |
AIAENG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 02, 2024 | Sep 02, 2024 | Sep 10, 2024 | ₹16.00 | 0.403% |
| 2 | Sep 12, 2023 | Sep 12, 2023 | Oct 19, 2023 | ₹16.00 | 0.452% |
| 3 | Sep 02, 2022 | Sep 02, 2022 | Oct 11, 2022 | ₹9.00 | 0.353% |
| 4 | Aug 04, 2017 | Aug 04, 2017 | Sep 12, 2017 | ₹4.00 | 0.305% |
| 5 | Feb 20, 2017 | Feb 20, 2017 | Mar 10, 2017 | ₹4.00 | 0.274% |
FAQ
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