Amj Land Holdings Limited Stock Forecast
Stronger technical forecast for Amj Land Holdings Limited stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Amj Land Holdings Limited stock price fell by -0.312% on the last day (Tuesday, 25th Jun 2024) from ₹41.73 to ₹41.60. During the last trading day the stock fluctuated 2.70% from a day low at ₹41.14 to a day high of ₹42.25. The price has been going up and down for this period, and there has been a 5.08% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -269 thousand shares and in total, 113 thousand shares were bought and sold for approximately ₹4.70 million.
The stock lies in the middle of a wide and weak 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 2.78% during the next 3 months and, with a 90% probability hold a price between ₹38.92 and ₹43.72 at the end of this 3-month period.
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AMJLAND.NS Signals & Forecast
The Amj Land Holdings 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 ₹40.49 and ₹39.77. 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 Monday, June 24, 2024, and so far it has fallen -0.312%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Amj Land Holdings Limited stock
Amj Land Holdings Limited finds support from accumulated volume at ₹41.50 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 ₹1.11 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 4.22%.
The Amj Land Holdings Limited stock is extremely overbought on RSI14 (94). This increases the short-term risk substantially.
Our recommended stop-loss: ₹40.29 (-3.16%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 94 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (AMJLAND.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Amj Land Holdings Limited to open at ₹41.66, and during the day (based on 14 day Average True Range), to move between ₹39.65 and ₹43.55, which gives a possible trading interval of +/-₹1.95 (+/-4.69%) up or down from last closing price. If Amj Land Holdings Limited takes out the full calculated possible swing range there will be an estimated 9.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹41.50 (0.24%) than the resistance at ₹41.73 (0.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Amj Land Holdings 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 Amj Land Holdings Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.399 Buy Candidate Upgraded
Predicted Opening Price for Amj Land Holdings Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹41.66 ( 0.152%) | ₹41.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMJLAND.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 42.77 | 2.82% |
| R2 | 42.35 | 1.80% |
| R1 | 42.09 | 1.17% |
| Price | 41.60 | |
| S1 | 41.24 | -0.87% |
| S2 | 40.98 | -1.50% |
| S3 | 40.55 | -2.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 41.73 | 0.312% |
| Price | 41.60 | |
| S1 | 41.50 | -0.240% |
| S2 | 40.05 | -3.73% |
| S3 | 40.00 | -3.85% |
AMJLAND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 03, 2023 | Aug 03, 2023 | Sep 10, 2023 | ₹0.200 | 0.568% |
| 2 | Aug 04, 2022 | Aug 04, 2022 | Sep 12, 2022 | ₹0.200 | 0.635% |
| 3 | Aug 12, 2021 | Aug 12, 2021 | Sep 20, 2021 | ₹0.200 | 0.607% |
| 4 | Feb 15, 2020 | Mar 05, 2020 | Mar 24, 2020 | ₹0.200 | 1.34% |
| 5 | Jul 12, 2019 | Jul 12, 2019 | Aug 26, 2019 | ₹0.300 | 1.82% |
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