Alps Industries Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Alps Industries Limited stock price ended at ₹3.88 on Friday, after gaining 4.86%.
(Updated on Jun 28, 2024)
The Alps Industries Limited stock price gained 4.86% on the last trading day (Friday, 28th Jun 2024), rising from ₹3.70 to ₹3.88. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 0.518% from a day low at ₹3.86 to a day high of ₹3.88. The price has risen in 8 of the last 10 days and is up by 27.21% over the past 2 weeks. Volume fell on the last day by -100 thousand shares and in total, 102 thousand shares were bought and sold for approximately ₹395.80 thousand. 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 strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 36.48% during the next 3 months and, with a 90% probability hold a price between ₹4.22 and ₹6.27 at the end of this 3-month period.
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ALPSINDUS.NS Signals & Forecast
The Alps Industries Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹3.39 and ₹3.45. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -3.00%. Further fall is indicated until a new bottom pivot has been found. 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 Alps Industries Limited stock
Alps Industries Limited finds support from accumulated volume at ₹3.70 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹0.0200 between high and low, or 0.518%. For the last week the stock has had daily average volatility of 0.659%.
Since the Alps Industries Limited has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: ₹3.69 (-5.00%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 62 days ago.)
Trading Expectations (ALPSINDUS.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Alps Industries Limited to open at ₹3.87, and during the day (based on 14 day Average True Range), to move between ₹3.78 and ₹3.98, which gives a possible trading interval of +/-₹0.0979 (+/-2.52%) up or down from last closing price. If Alps Industries Limited takes out the full calculated possible swing range there will be an estimated 5.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹3.90 (0.52%) than the support at ₹3.70 (4.64%), 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 Alps Industries Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Alps Industries Limited stock to perform well in the short-term.
Current score: 3.168 Buy Candidate Unchanged
Predicted Opening Price for Alps Industries Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹3.87 ( 0.172%) | ₹3.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALPSINDUS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 3.89 | 0.344% |
| R2 | 3.89 | 0.147% |
| R1 | 3.88 | 0.0251% |
| Price | 3.88 | |
| S1 | 3.87 | -0.369% |
| S2 | 3.86 | -0.490% |
| S3 | 3.85 | -0.687% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.00 | 3.09% |
| R2 | 3.95 | 1.80% |
| R1 | 3.90 | 0.515% |
| Price | 3.88 | |
| S1 | 3.70 | -4.64% |
| S2 | 3.55 | -8.51% |
| S3 | 3.40 | -12.37% |
ALPSINDUS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2008 | Sep 22, 2008 | Sep 22, 2008 | ₹0.500 | 2.25% |
| 2 | Jul 30, 2007 | Sep 24, 2007 | Nov 01, 2007 | ₹0.750 | 1.60% |
| 3 | Jul 28, 2006 | Sep 22, 2006 | Oct 11, 2006 | ₹0.750 | 1.16% |
| 4 | Jun 13, 2005 | Sep 26, 2005 | Oct 13, 2005 | ₹0.750 | 1.20% |
| 5 | Jul 06, 2004 | Sep 24, 2004 | Oct 13, 2004 | ₹0.250 | 0.80% |
FAQ
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