Andhra Paper Limited Stock Forecast
Green day on Friday for Andhra Paper Limited
(Updated on Jun 28, 2024)
The Andhra Paper Limited stock price gained 2.05% on the last trading day (Friday, 28th Jun 2024), rising from ₹556.35 to ₹567.75. During the last trading day the stock fluctuated 3.45% from a day low at ₹551.00 to a day high of ₹570.00. The price has been going up and down for this period, and there has been a 5.11% 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, 64 thousand more shares were traded than the day before. In total, 146 thousand shares were bought and sold for approximately ₹82.87 million.
The stock lies in the middle of a 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 15.00% during the next 3 months and, with a 90% probability hold a price between ₹613.01 and ₹686.98 at the end of this 3-month period.
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ANDHRAPAP.NS Signals & Forecast
Mostly positive signals in the chart today. The Andhra Paper 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 ₹560.71 and ₹529.29. 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 18.81%. 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 Andhra Paper Limited stock
Andhra Paper Limited finds support from accumulated volume at ₹562.80 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 ₹19.00 between high and low, or 3.45%. For the last week, the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: ₹547.55 (-3.56%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (ANDHRAPAP.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Andhra Paper Limited to open at ₹562.92, and during the day (based on 14 day Average True Range), to move between ₹550.37 and ₹585.13, which gives a possible trading interval of +/-₹17.38 (+/-3.06%) up or down from last closing price. If Andhra Paper Limited takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹562.80, some ₹4.95 (0.87%) from the current price of ₹567.75, our system finds the risk reward attractive.
Is Andhra Paper 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 Andhra Paper Limited stock to perform well in the short-term.
Current score: 3.520 Buy Candidate Unchanged
Predicted Opening Price for Andhra Paper Limited of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
₹562.92 ( 0.85%) | ₹567.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANDHRAPAP.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 581.92 | 2.50% |
R2 | 574.66 | 1.22% |
R1 | 570.17 | 0.427% |
Price | 567.75 | |
S1 | 555.66 | -2.13% |
S2 | 551.17 | -2.92% |
S3 | 543.92 | -4.20% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 567.75 | |
S1 | 562.80 | -0.87% |
S2 | 559.90 | -1.38% |
S3 | 521.85 | -8.08% |
ANDHRAPAP Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 04, 2023 | Aug 04, 2023 | Sep 10, 2023 | ₹12.50 | 2.30% |
2 | Aug 04, 2022 | Aug 04, 2022 | Sep 11, 2022 | ₹7.50 | 1.55% |
3 | Jul 29, 2021 | Jul 29, 2021 | Sep 11, 2021 | ₹5.00 | 2.16% |
4 | May 04, 2011 | Aug 29, 2011 | Oct 10, 2011 | ₹1.00 | 0.604% |
5 | May 04, 2010 | Jun 17, 2010 | Jul 26, 2010 | ₹1.00 | 0.719% |
FAQ
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