Aksh Optifibre Limited Stock Forecast
Aksh Optifibre Limited stock price ended at ₹9.65 on Friday, after gaining 0.521%.
(Updated on Apr 26, 2024)
The Aksh Optifibre Limited stock price gained 0.521% on the last trading day (Friday, 26th Apr 2024), rising from ₹9.60 to ₹9.65. During the last trading day the stock fluctuated 5.29% from a day low at ₹9.45 to a day high of ₹9.95. The price has risen in 5 of the last 10 days and is up by 2.66% over the past 2 weeks. Volume fell on the last day by -101 thousand shares and in total, 328 thousand shares were bought and sold for approximately ₹3.17 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
Given the current short-term trend, the stock is expected to fall -30.86% during the next 3 months and, with a 90% probability hold a price between ₹4.62 and ₹6.67 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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AKSHOPTFBR.NS Signals & Forecast
The Aksh Optifibre 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 ₹9.30 and ₹9.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 19.88%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Aksh Optifibre Limited stock
Aksh Optifibre Limited finds support from accumulated volume at ₹9.60 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 ₹0.500 between high and low, or 5.29%. For the last week, the stock has had daily average volatility of 4.14%.
Our recommended stop-loss: ₹9.16 (-5.08%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (AKSHOPTFBR.NS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Aksh Optifibre Limited to open at ₹9.68, and during the day (based on 14 day Average True Range), to move between ₹9.22 and ₹10.08, which gives a possible trading interval of +/-₹0.426 (+/-4.41%) up or down from last closing price. If Aksh Optifibre Limited takes out the full calculated possible swing range there will be an estimated 8.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹9.60 (0.52%) than the resistance at ₹10.05 (4.15%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Aksh Optifibre Limited will release earnings BMO on Monday, April 29, 2024. We will update the financials statements for Aksh Optifibre Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.66% in the first trading day after earnings release.
Is Aksh Optifibre 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.
Current score: 2.818 Buy Candidate Unchanged
Predicted Opening Price for Aksh Optifibre Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹9.68 ( 0.345%) | ₹9.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKSHOPTFBR.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.18 | 5.53 % | |
| R2 | 9.99 | 3.55 % | ||
| R1 | 9.87 | 2.32 % | ||
| Current price: | 9.65 | |||
| Support | S1 | 9.49 | -1.63 % | |
| S2 | 9.37 | -2.86 % | ||
| S3 | 9.18 | -4.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.80 | 22.28 % | |
| R2 | 11.55 | 19.69 % | ||
| R1 | 10.05 | 4.15 % | ||
| Current price | 9.65 | |||
| Support | S1 | 9.60 | -0.518% | |
| S2 | 8.30 | -13.99% | ||
| S3 | 8.05 | -16.58% |
AKSHOPTFBR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2018 | Sep 12, 2018 | Oct 22, 2018 | ₹0.300 | 1.17% |
| 2 | May 26, 2014 | Sep 18, 2014 | Oct 27, 2014 | ₹0.250 | 1.51% |
| 3 | Nov 29, 2007 | Jan 22, 2008 | Mar 01, 2008 | ₹0.500 | 0.87% |
| 4 | Apr 20, 2006 | Sep 25, 2006 | Oct 12, 2006 | ₹1.75 | 3.34% |
FAQ
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