Almondz Global Securities Limited Stock Forecast
Almondz Global Securities Limited stock price ended at ₹107.00 on Friday, after gaining 0.659%.
(Updated on Apr 26, 2024)
The Almondz Global Securities Limited stock price gained 0.659% on the last trading day (Friday, 26th Apr 2024), rising from ₹106.30 to ₹107.00. During the last trading day the stock fluctuated 0.93% from a day low at ₹107.00 to a day high of ₹108.00. The price has fallen in 7 of the last 10 days and is down by -11.24% for this period. Volume fell on the last day by -9 thousand shares and in total, 12 thousand shares were bought and sold for approximately ₹1.24 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 lies in the middle of a very 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 -7.17% during the next 3 months and, with a 90% probability hold a price between ₹89.29 and ₹112.30 at the end of this 3-month period.
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ALMONDZ.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Almondz Global Securities 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 ₹107.87 and ₹109.87. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -13.01%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Almondz Global Securities Limited stock
Almondz Global Securities Limited finds support from accumulated volume at ₹106.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹1.00 between high and low, or 0.93%. For the last week the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALMONDZ.NS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Almondz Global Securities Limited to open at ₹107.33, and during the day (based on 14 day Average True Range), to move between ₹102.94 and ₹111.06, which gives a possible trading interval of +/-₹4.06 (+/-3.79%) up or down from last closing price. If Almondz Global Securities Limited takes out the full calculated possible swing range there will be an estimated 7.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹106.00 (0.93%) than the resistance at ₹108.25 (1.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Almondz Global Securities Limited stock A Buy?
Almondz Global Securities Limited holds several negative signals and is within a very 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: -4.455 Sell Candidate Unchanged
Predicted Opening Price for Almondz Global Securities Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹107.33 ( 0.312%) | ₹107.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALMONDZ.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.33 | 1.25 % | |
| R2 | 107.95 | 0.89 % | ||
| R1 | 107.72 | 0.669 % | ||
| Current price: | 107.00 | |||
| Support | S1 | 106.95 | -0.0455 % | |
| S2 | 106.72 | -0.266 % | ||
| S3 | 106.33 | -0.623 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 119.95 | 12.10 % | |
| R2 | 112.85 | 5.47 % | ||
| R1 | 108.25 | 1.17 % | ||
| Current price | 107.00 | |||
| Support | S1 | 106.00 | -0.93% | |
| S2 | 105.70 | -1.21% | ||
| S3 | 103.10 | -3.64% |
ALMONDZ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2011 | Sep 15, 2011 | Oct 29, 2011 | ₹0.420 | 1.72% |
| 2 | May 29, 2010 | Sep 16, 2010 | Oct 28, 2010 | ₹0.420 | 0.594% |
| 3 | Jun 29, 2009 | Sep 10, 2009 | Oct 01, 2009 | ₹0.300 | 0.674% |
| 4 | Jul 31, 2008 | Sep 15, 2008 | Nov 01, 2008 | ₹0.300 | 2.50% |
FAQ
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