Alkyl Amines Chemicals Limited Stock Forecast
Alkyl Amines Chemicals Limited stock price ended at ₹2,136.80 on Friday, after gaining 0.315%.
(Updated on Jun 28, 2024)
The Alkyl Amines Chemicals Limited stock price gained 0.315% on the last trading day (Friday, 28th Jun 2024), rising from ₹2,130.10 to ₹2,136.80. During the last trading day the stock fluctuated 3.48% from a day low at ₹2,095.00 to a day high of ₹2,168.00. The price has risen in 6 of the last 10 days and is up by 5.7% over the past 2 weeks. Volume fell on the last day by -64 thousand shares and in total, 125 thousand shares were bought and sold for approximately ₹267.59 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 stock has broken the wide and horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. ₹2,122.77 is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach ₹2,414.39 sometime during the next 3 months.
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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 ₹2,113.29 and ₹1,996.03. 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 16.03%. 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 ₹2,113.80 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 ₹73.00 between high and low, or 3.48%. For the last week, the stock has had daily average volatility of 3.54%.
The Alkyl Amines Chemicals Limited stock is extremely overbought on RSI14 (76). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: ₹2,073.12 (-2.98%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 59 days ago.)
Trading Expectations (ALKYLAMINE.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Alkyl Amines Chemicals Limited to open at ₹2,133.27, and during the day (based on 14 day Average True Range), to move between ₹2,071.58 and ₹2,202.02, which gives a possible trading interval of +/-₹65.22 (+/-3.05%) 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 6.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹2,140.70 (0.18%) than the support at ₹2,113.80 (1.08%), 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 the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. 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: 4.284 Buy Candidate Unchanged
Predicted Opening Price for Alkyl Amines Chemicals Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₹2,133.27 ( 0.165%) | ₹2,136.80 |
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 | 2,206.27 | 3.25% |
R2 | 2,178.38 | 1.95% |
R1 | 2,161.15 | 1.14% |
Price | 2,136.80 | |
S1 | 2,105.38 | -1.47% |
S2 | 2,088.15 | -2.28% |
S3 | 2,060.27 | -3.58% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 2,159.20 | 1.05% |
R1 | 2,140.70 | 0.183% |
Price | 2,136.80 | |
S1 | 2,113.80 | -1.08% |
S2 | 2,104.00 | -1.54% |
S3 | 2,103.60 | -1.55% |
ALKYLAMINE Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 25, 2024 | Jun 25, 2024 | Aug 01, 2024 | ₹10.00 | 0.468% |
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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