Antarctica Limited Stock Forecast
Antarctica Limited stock price down 0.667% on Tuesday
(Updated on Jun 25, 2024)
The Antarctica Limited stock price fell by -0.667% on the last day (Tuesday, 25th Jun 2024) from ₹1.50 to ₹1.49. During the last trading day the stock fluctuated 2.68% from a day low at ₹1.49 to a day high of ₹1.53. The price has risen in 6 of the last 10 days and is up by 2.76% over the past 2 weeks. Volume has increased on the last day by 490 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately ₹1.51 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Antarctica Limited stock with a 90% probability to be traded between ₹1.38 and ₹1.63 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.
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ANTGRAPHIC.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Antarctica Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹1.52 and ₹1.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -5.70%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
A buy signal from a double bottom formation was found on Thursday, May 02, 2024 and based on theory for this formation the price should go up by 11.86% to ₹1.67 within 12 trading days since signal was issued (Tuesday, May 21, 2024).
Support, Risk & Stop-loss for Antarctica Limited stock
Antarctica Limited finds support from accumulated volume at ₹1.47 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 ₹0.0400 between high and low, or 2.68%. For the last week, the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ANTGRAPHIC.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Antarctica Limited to open at ₹1.50, and during the day (based on 14 day Average True Range), to move between ₹1.42 and ₹1.56, which gives a possible trading interval of +/-₹0.0678 (+/-4.55%) up or down from last closing price. If Antarctica Limited takes out the full calculated possible swing range there will be an estimated 9.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1.50 (0.67%) than the support at ₹1.47 (1.34%), 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 Antarctica Limited stock A Buy?
Antarctica Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.424 Sell Candidate Unchanged
Predicted Opening Price for Antarctica Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹1.50 ( 0.89%) | ₹1.49 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANTGRAPHIC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.54 | 3.58% |
| R2 | 1.53 | 2.55% |
| R1 | 1.52 | 1.92% |
| Price | 1.49 | |
| S1 | 1.49 | -0.131% |
| S2 | 1.48 | -0.764% |
| S3 | 1.46 | -1.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.55 | 4.03% |
| R2 | 1.53 | 2.68% |
| R1 | 1.50 | 0.671% |
| Price | 1.49 | |
| S1 | 1.47 | -1.34% |
| S2 | 1.45 | -2.68% |
| S3 | 1.40 | -6.04% |
FAQ
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