RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of AKZOINDIA.NS
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Red day on Thursday for Akzo Nobel India Limited stock after losing 1.19%
(Updated on Mar 28, 2024)

Sell candidate since Mar 04, 2024 Loss -4.31% PDF

The Akzo Nobel India Limited stock price fell by -1.19% on the last day (Thursday, 28th Mar 2024) from ₹2,413.40 to ₹2,384.70. During the last trading day the stock fluctuated 2.96% from a day low at ₹2,365.00 to a day high of ₹2,435.00. The price has risen in 6 of the last 10 days and is up by 4.31% over the past 2 weeks. Volume has increased on the last day by 16 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 25 thousand shares were bought and sold for approximately ₹58.64 million.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -9.07% during the next 3 months and, with a 90% probability hold a price between ₹2,038.40 and ₹2,524.09 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

AKZOINDIA.NS Signals & Forecast

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. The Akzo Nobel India Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹2,417.55 and ₹2,582.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -3.78%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Akzo Nobel India Limited stock

Akzo Nobel India Limited finds support from accumulated volume at ₹2,320.55 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 ₹70.00 between high and low, or 2.96%. For the last week, the stock has had daily average volatility of 2.68%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (AKZOINDIA.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Akzo Nobel India Limited to open at ₹2,394.90, and during the day (based on 14 day Average True Range), to move between ₹2,309.86 and ₹2,459.54, which gives a possible trading interval of +/-₹74.84 (+/-3.14%) up or down from last closing price. If Akzo Nobel India Limited takes out the full calculated possible swing range there will be an estimated 6.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹2,320.55 (2.69%) than the resistance at ₹2,840.45 (19.11%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Akzo Nobel India Limited stock A Buy?

Akzo Nobel India Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -4.005 Sell Candidate Unchanged

Predicted Opening Price for Akzo Nobel India Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹2,394.90 ( 0.428%) ₹2,384.70

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

Trading levels for AKZOINDIA.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2,464.90 3.36 %
R2 2,438.16 2.24 %
R1 2,421.64 1.55 %
Current price: 2,384.70
Support S1 2,368.16 -0.694 %
S2 2,351.64 -1.39 %
S3 2,324.90 -2.51 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2,931.95 22.95 %
R2 2,865.45 20.16 %
R1 2,840.45 19.11 %
Current price 2,384.70
Support S1 2,320.55 -2.69%
S2 2,286.25 -4.13%
S3 0 .

AKZOINDIA Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 16, 2024 Feb 16, 2024 Mar 07, 2024 ₹50.00 2.07%
2 Jul 27, 2023 Jul 27, 2023 Jul 27, 2023 ₹40.00 1.46%
3 Feb 21, 2023 Feb 21, 2023 Feb 21, 2023 ₹25.00 1.15%
4 Jul 28, 2022 Jul 28, 2022 Jul 28, 2022 ₹35.00 1.76%
5 Feb 22, 2022 Feb 22, 2022 Feb 22, 2022 ₹40.00 2.09%

FAQ

What is the symbol for Akzo Nobel India Limited Stock and on which exchange is it traded?
The symbol for Akzo Nobel India Limited is AKZOINDIA.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Akzo Nobel India Limited Stock?
Akzo Nobel India Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

How to buy Akzo Nobel India Limited Stock?
Akzo Nobel India Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Akzo Nobel India Limited Stock.

What's the current price of Akzo Nobel India Limited Stock?
As of the end of day on the 2024-03-28, the price of an Akzo Nobel India Limited (AKZOINDIA.NS) share was ₹2,384.70.

What is the 52-week high and low for Akzo Nobel India Limited Stock?
The 52-week high for Akzo Nobel India Limited Stock is ₹3,058.00 and the 52-week low is ₹2,200.00.

What is the market capitalization of Akzo Nobel India Limited Stock?
As of the 2024-03-28, the market capitalization of Akzo Nobel India Limited is 108.6B.

When is the next earnings date for Akzo Nobel India Limited?
The upcoming earnings date for Akzo Nobel India Limited is May 21, 2024.
Click to get the best stock tips daily for free!

About Akzo Nobel India Limited

Akzo Nobel India Limited manufactures, distributes, and sells paints and coatings in India and internationally. It offers marine and protective, powder, industrial, and automotive and specialty coatings; paints, varnishes, enamels, lacquers, and emulsions for interior, exterior, and wood care applications, as well as for institutions/builders; and waterproofing paint products. The company's products are used in oil and gas, power, infrastructure,... AKZOINDIA.NS Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT