A. K. Capital Services Limited Stock Forecast
A. K. Capital Services Limited stock downgraded to Sell Candidate
(Updated on May 17, 2024)
The A. K. Capital Services Limited stock price gained 1.47% on the last trading day (Friday, 17th May 2024), rising from ₹875.80 to ₹888.65. During the last trading day the stock fluctuated 3.77% from a day low at ₹873.05 to a day high of ₹906.00. The price has been going up and down for this period, and there has been a -2.34% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 601 more shares were traded than the day before. In total, 891 shares were bought and sold for approximately ₹791.79 thousand.
The stock lies the upper part of a very 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 ₹925.74 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 -15.94% during the next 3 months and, with a 90% probability hold a price between ₹604.99 and ₹778.14 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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AKCAPIT.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 5.04%. 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). A. K. Capital Services Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The A. K. Capital Services Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹905.84. On a fall, the stock will find some support from the short-term average at ₹883.32. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for A. K. Capital Services Limited stock
A. K. Capital Services Limited finds support from accumulated volume at ₹881.00 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 ₹32.95 between high and low, or 3.77%. For the last week the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AKCAPIT.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect A. K. Capital Services Limited to open at ₹889.23, and during the day (based on 14 day Average True Range), to move between ₹855.20 and ₹922.10, which gives a possible trading interval of +/-₹33.45 (+/-3.76%) up or down from last closing price. If A. K. Capital Services Limited takes out the full calculated possible swing range there will be an estimated 7.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹881.00 (0.86%) than the resistance at ₹979.15 (10.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is A. K. Capital Services Limited stock A Buy?
A. K. Capital Services Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.179 Sell Candidate Downgraded
Predicted Opening Price for A. K. Capital Services Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹889.23 ( 0.0656%) | ₹888.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKCAPIT.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 922.18 | 3.77 % | |
| R2 | 909.60 | 2.36 % | ||
| R1 | 901.82 | 1.48 % | ||
| Current price: | 888.65 | |||
| Support | S1 | 876.65 | -1.35 % | |
| S2 | 868.87 | -2.23 % | ||
| S3 | 856.28 | -3.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,082.85 | 21.85 % | |
| R2 | 1,001.00 | 12.64 % | ||
| R1 | 979.15 | 10.18 % | ||
| Current price | 888.65 | |||
| Support | S1 | 881.00 | -0.86% | |
| S2 | 871.75 | -1.90% | ||
| S3 | 846.05 | -4.79% |
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