Amines & Plasticizers Ltd Stock Forecast
Volatile ride for Amines & Plasticizers Ltd stock price on Wednesday moving between ₹250.80 and ₹300.45
(Updated on Jun 26, 2024)
The Amines & Plasticizers Ltd stock price gained 17.75% on the last trading day (Wednesday, 26th Jun 2024), rising from ₹250.38 to ₹294.83. During the last trading day the stock fluctuated 19.80% from a day low at ₹250.80 to a day high of ₹300.45. The price has been going up and down for this period, and there has been a 42.95% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 272 thousand more shares were traded than the day before. In total, 289 thousand shares were bought and sold for approximately ₹85.33 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹295.26 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 42.88% during the next 3 months and, with a 90% probability hold a price between ₹363.49 and ₹421.86 at the end of this 3-month period.
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AMNPLST.NS Signals & Forecast
The Amines & Plasticizers Ltd 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 ₹263.40 and ₹223.05. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 17.75%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Amines & Plasticizers Ltd stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹271.09 and ₹255.51. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Amines & Plasticizers Ltd finds support just below today's level at ₹271.09. If this is broken, then the next support from accumulated volume will be at ₹255.51 and ₹224.72.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹49.65 between high and low, or 19.80%. For the last week, the stock has had daily average volatility of 8.47%.
Our recommended stop-loss: ₹284.81 (-3.40%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (AMNPLST.NS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Amines & Plasticizers Ltd to open at ₹282.03, and during the day (based on 14 day Average True Range), to move between ₹276.32 and ₹313.34, which gives a possible trading interval of +/-₹18.51 (+/-6.28%) up or down from last closing price. If Amines & Plasticizers Ltd takes out the full calculated possible swing range there will be an estimated 12.55% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹271.09, some ₹23.74 (8.05%) from the current price of ₹294.83, our system finds the risk reward attractive.
Is Amines & Plasticizers Ltd stock A Buy?
Amines & Plasticizers Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Amines & Plasticizers Ltd of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹282.03 ( 4.34%) | ₹294.83 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMNPLST.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 331.68 | 12.50% |
| R2 | 312.71 | 6.06% |
| R1 | 300.99 | 2.09% |
| Price | 294.83 | |
| S1 | 263.06 | -10.78% |
| S2 | 251.34 | -14.75% |
| S3 | 232.38 | -21.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 294.83 | |
| S1 | 271.09 | -8.05% |
| S2 | 255.51 | -13.34% |
| S3 | 224.72 | -23.78% |
AMNPLST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 15, 2023 | Sep 15, 2023 | Oct 29, 2023 | ₹0.500 | 0% |
| 2 | Sep 14, 2022 | Sep 14, 2022 | Oct 28, 2022 | ₹0.400 | 0% |
| 3 | Aug 27, 2021 | Aug 27, 2021 | Oct 22, 2021 | ₹0.400 | 0% |
| 4 | Mar 13, 2020 | Mar 13, 2020 | Apr 03, 2020 | ₹0.300 | 0% |
| 5 | Sep 16, 2019 | Sep 16, 2019 | Oct 25, 2019 | ₹0.300 | 0% |
FAQ
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