Albert David Ltd Stock Forecast
Big movements in Albert David Ltd stock price on Friday moving 15.48% between high and low
(Updated on Jun 28, 2024)
The Albert David Ltd stock price gained 8.19% on the last trading day (Friday, 28th Jun 2024), rising from ₹1,258.15 to ₹1,361.25. During the last trading day the stock fluctuated 15.48% from a day low at ₹1,260.00 to a day high of ₹1,455.00. The price has risen in 6 of the last 10 days and is up by 4.91% 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, 115 thousand more shares were traded than the day before. In total, 128 thousand shares were bought and sold for approximately ₹174.03 million.
The stock lies in the upper part of a wide and weak rising 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 ₹1,361.53 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.10% during the next 3 months and, with a 90% probability hold a price between ₹1,199.92 and ₹1,485.40 at the end of this 3-month period.
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ALBERTDAVD.NS Signals & Forecast
Mostly positive signals in the chart today. The Albert David Ltd 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 ₹1,317.32 and ₹1,200.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 8.19%. 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 Albert David Ltd stock
Albert David Ltd finds support from accumulated volume at ₹1,297.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹195.00 between high and low, or 15.48%. For the last week, the stock has had daily average volatility of 6.36%.
Our recommended stop-loss: ₹1,313.06 (-3.54%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (ALBERTDAVD.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Albert David Ltd to open at ₹1,358.75, and during the day (based on 14 day Average True Range), to move between ₹1,300.11 and ₹1,422.39, which gives a possible trading interval of +/-₹61.14 (+/-4.49%) up or down from last closing price. If Albert David Ltd takes out the full calculated possible swing range there will be an estimated 8.98% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹1,297.50, some ₹63.75 (4.68%) from the current price of ₹1,361.25, our system finds the risk reward attractive.
Is Albert David Ltd stock A Buy?
Albert David Ltd holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.969 Strong Buy Candidate Upgraded
Predicted Opening Price for Albert David Ltd of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹1,358.75 ( 0.184%) | ₹1,361.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALBERTDAVD.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,553.75 | 14.14% |
| R2 | 1,479.26 | 8.67% |
| R1 | 1,433.24 | 5.29% |
| Price | 1,361.25 | |
| S1 | 1,284.26 | -5.66% |
| S2 | 1,238.24 | -9.04% |
| S3 | 1,163.75 | -14.51% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 1,361.25 | |
| S1 | 1,297.50 | -4.68% |
| S2 | 1,269.05 | -6.77% |
| S3 | 1,201.95 | -11.70% |
ALBERTDAVD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 02, 2024 | Aug 02, 2024 | Sep 08, 2024 | ₹11.50 | 0.84% |
| 2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | ₹9.00 | 1.14% |
| 3 | Aug 02, 2023 | Aug 02, 2023 | Aug 02, 2023 | ₹9.00 | 1.17% |
| 4 | Aug 02, 2022 | Aug 02, 2022 | Aug 02, 2022 | ₹9.00 | 1.54% |
| 5 | Aug 01, 2022 | Aug 01, 2022 | Aug 01, 2022 | ₹9.00 | 1.56% |
FAQ
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