Alkyl Amines Chemicals Limited Stock Forecast
Alkyl Amines Chemicals Limited stock price up 0.394% on Friday
(Updated on Jun 21, 2024)
The Alkyl Amines Chemicals Limited stock price gained 0.394% on the last trading day (Friday, 21st Jun 2024), rising from ₹2,104.00 to ₹2,112.30. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.64% from a day low at ₹2,085.20 to a day high of ₹2,161.00. The price has risen in 6 of the last 10 days and is up by 7.12% over the past 2 weeks. Volume fell on the last day by -286 thousand shares and in total, 105 thousand shares were bought and sold for approximately ₹221.23 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.
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 ₹2,128.49 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Alkyl Amines Chemicals Limited stock with a 90% probability to be traded between ₹1,805.40 and ₹2,094.35 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. 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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ALKYLAMINE.NS Signals & Forecast
Mostly positive signals in the chart today. The Alkyl Amines Chemicals 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 ₹2,037.97 and ₹1,984.43. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 14.70%. 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 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.
Support, Risk & Stop-loss for Alkyl Amines Chemicals Limited stock
Alkyl Amines Chemicals Limited finds support from accumulated volume at ₹2,104.00 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 ₹75.80 between high and low, or 3.64%. For the last week, the stock has had daily average volatility of 3.85%.
The Alkyl Amines Chemicals 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 and the RSI is still moving upwards. 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: ₹2,050.20 (-2.94%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 54 days ago.)
Trading Expectations (ALKYLAMINE.NS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Alkyl Amines Chemicals Limited to open at ₹2,119.50, and during the day (based on 14 day Average True Range), to move between ₹2,051.12 and ₹2,173.48, which gives a possible trading interval of +/-₹61.18 (+/-2.90%) up or down from last closing price. If Alkyl Amines Chemicals Limited takes out the full calculated possible swing range there will be an estimated 5.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹2,113.80 (0.07%) than the support at ₹2,104.00 (0.39%), 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 Alkyl Amines Chemicals 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 Alkyl Amines Chemicals Limited stock to perform well in the short-term period.
Current score: 3.605 Buy Candidate Unchanged
Predicted Opening Price for Alkyl Amines Chemicals Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹2,119.50 ( 0.341%) | ₹2,112.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALKYLAMINE.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,195.30 | 3.93% |
| R2 | 2,166.34 | 2.56% |
| R1 | 2,148.46 | 1.71% |
| Price | 2,112.30 | |
| S1 | 2,090.54 | -1.03% |
| S2 | 2,072.66 | -1.88% |
| S3 | 2,043.70 | -3.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,159.20 | 2.22% |
| R2 | 2,140.70 | 1.34% |
| R1 | 2,113.80 | 0.0710% |
| Price | 2,112.30 | |
| S1 | 2,104.00 | -0.393% |
| S2 | 2,103.60 | -0.412% |
| S3 | 1,999.40 | -5.34% |
ALKYLAMINE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2024 | Jun 25, 2024 | Aug 01, 2024 | ₹10.00 | 0.473% |
| 2 | Jul 04, 2023 | Jul 04, 2023 | Jul 04, 2023 | ₹10.00 | 0.370% |
| 3 | Jul 22, 2022 | Jul 22, 2022 | Jul 22, 2022 | ₹10.00 | 0.356% |
| 4 | Jul 12, 2021 | Jul 12, 2021 | Jul 12, 2021 | ₹6.00 | 0.161% |
| 5 | Feb 12, 2021 | Feb 12, 2021 | Feb 12, 2021 | ₹4.00 | 0.187% |
FAQ
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