AIA Engineering Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
AIA Engineering Limited stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The AIA Engineering Limited stock price fell by -1.93% on the last day (Tuesday, 25th Jun 2024) from ₹4,291.55 to ₹4,208.60. During the last trading day the stock fluctuated 3.18% from a day low at ₹4,196.55 to a day high of ₹4,330.00. The price has risen in 6 of the last 10 days and is up by 11.47% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -977 shares and in total, 824 shares were bought and sold for approximately ₹3.47 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₹4,291.92 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect AIA Engineering Limited stock with a 90% probability to be traded between ₹3,673.45 and ₹4,313.50 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AIAENG.BO Signals & Forecast
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 ₹4,190.36 and ₹3,828.87. 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). 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, June 24, 2024, and so far it has fallen -1.93%. 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 AIA Engineering Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹3,883.20 and ₹3,767.40. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AIA Engineering Limited finds support just below today's level at ₹3,883.20. If this is broken, then the next support from accumulated volume will be at ₹3,767.40 and ₹3,722.10.
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 ₹133.45 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 3.05%.
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: ₹4,062.31 (-3.48%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 82 and this increases the risk substantially. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (AIAENG.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect AIA Engineering Limited to open at ₹4,245.05, and during the day (based on 14 day Average True Range), to move between ₹4,094.08 and ₹4,323.12, which gives a possible trading interval of +/-₹114.52 (+/-2.72%) up or down from last closing price. If AIA Engineering Limited takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹4,236.45 (0.66%) than the support at ₹3,883.20 (7.73%), 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 and we conclude that the current level may hold a buying opportunity, as there is a fair chance for AIA Engineering Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.386 Buy Candidate Upgraded
Predicted Opening Price for AIA Engineering Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹4,245.05 ( 0.87%) | ₹4,208.60 |
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 | 4,378.50 | 4.04% |
| R2 | 4,327.52 | 2.83% |
| R1 | 4,296.03 | 2.08% |
| Price | 4,208.60 | |
| S1 | 4,194.07 | -0.345% |
| S2 | 4,162.58 | -1.09% |
| S3 | 4,111.60 | -2.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,291.55 | 1.97% |
| R2 | 4,267.10 | 1.39% |
| R1 | 4,236.45 | 0.662% |
| Price | 4,208.60 | |
| S1 | 3,883.20 | -7.73% |
| S2 | 3,767.40 | -10.48% |
| S3 | 3,722.10 | -11.56% |
AIAENG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 02, 2024 | Sep 02, 2024 | Sep 10, 2024 | ₹16.00 | 0.380% |
| 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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