Andrew Yule & Company Limited Stock Forecast
Andrew Yule & Company Limited stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Andrew Yule & Company Limited stock price gained 3.41% on the last trading day (Friday, 28th Jun 2024), rising from ₹42.83 to ₹44.29. During the last trading day the stock fluctuated 6.66% from a day low at ₹42.80 to a day high of ₹45.65. The price has been going up and down for this period, and there has been a 3.97% 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, 650 thousand more shares were traded than the day before. In total, 938 thousand shares were bought and sold for approximately ₹41.56 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Andrew Yule & Company Limited stock with a 90% probability to be traded between ₹35.96 and ₹46.43 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ANDREWYU.BO Signals & Forecast
The Andrew Yule & Company 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 ₹44.05 and ₹41.74. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, June 20, 2024, and so far it has fallen -2.55%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Andrew Yule & Company Limited stock
Andrew Yule & Company Limited finds support from accumulated volume at ₹42.60 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹2.85 between high and low, or 6.66%. For the last week, the stock has had daily average volatility of 5.66%.
Our recommended stop-loss: ₹42.58 (-3.86%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (ANDREWYU.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Andrew Yule & Company Limited to open at ₹44.25, and during the day (based on 14 day Average True Range), to move between ₹41.98 and ₹46.60, which gives a possible trading interval of +/-₹2.31 (+/-5.21%) up or down from last closing price. If Andrew Yule & Company Limited takes out the full calculated possible swing range there will be an estimated 10.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹44.44 (0.34%) than the support at ₹42.60 (3.82%), 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 Andrew Yule & Company Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Andrew Yule & Company Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.721 Buy Candidate Upgraded
Predicted Opening Price for Andrew Yule & Company Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹44.25 ( 0.0978%) | ₹44.29 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANDREWYU.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.10 | 6.34% |
| R2 | 46.01 | 3.88% |
| R1 | 45.34 | 2.36% |
| Price | 44.29 | |
| S1 | 43.16 | -2.56% |
| S2 | 42.49 | -4.07% |
| S3 | 41.40 | -6.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 47.57 | 7.41% |
| R2 | 46.10 | 4.09% |
| R1 | 44.44 | 0.339% |
| Price | 44.29 | |
| S1 | 42.60 | -3.82% |
| S2 | 42.26 | -4.58% |
| S3 | 41.54 | -6.21% |
ANDREWYU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 24, 2023 | Aug 24, 2023 | Sep 30, 2023 | ₹0.0070 | 0.0198% |
| 2 | Sep 18, 2018 | Sep 18, 2018 | Oct 26, 2018 | ₹0.0400 | 0.199% |
| 3 | Sep 08, 2017 | Sep 08, 2017 | Oct 10, 2017 | ₹0.100 | 0.320% |
| 4 | Jul 21, 2015 | Jul 21, 2015 | Jul 21, 2015 | ₹0.100 | 0.499% |
FAQ
Click here for our free guide on how to buy Andrew Yule & Company Limited Stock.
