Apcotex Industries Limited Stock Forecast
Green day on Tuesday for Apcotex Industries Limited
(Updated on Jun 25, 2024)
The Apcotex Industries Limited stock price gained 2.74% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹447.05 to ₹459.30. During the last trading day the stock fluctuated 5.13% from a day low at ₹444.20 to a day high of ₹467.00. The price has risen in 6 of the last 10 days and is up by 8.65% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 59 thousand more shares were traded than the day before. In total, 74 thousand shares were bought and sold for approximately ₹34.04 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₹457.66, a level that may pose a second chance to hit a runner. According to fan-theory ₹528.53 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
APCOTEXIND.NS Signals & Forecast
The Apcotex Industries 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 ₹444.62 and ₹417.98. 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 Wednesday, June 12, 2024, and so far it has fallen -0.574%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Apcotex Industries Limited stock
Apcotex Industries Limited finds support from accumulated volume at ₹438.15 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 ₹22.80 between high and low, or 5.13%. For the last week, the stock has had daily average volatility of 2.69%.
The Apcotex Industries Limited stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: ₹443.09 (-3.53%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (APCOTEXIND.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Apcotex Industries Limited to open at ₹456.83, and during the day (based on 14 day Average True Range), to move between ₹444.91 and ₹473.69, which gives a possible trading interval of +/-₹14.39 (+/-3.13%) up or down from last closing price. If Apcotex Industries Limited takes out the full calculated possible swing range there will be an estimated 6.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹461.95 (0.58%) than the support at ₹438.15 (4.60%), 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 Apcotex Industries Limited stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period.
Current score: 3.056 Buy Candidate Unchanged
Predicted Opening Price for Apcotex Industries Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹456.83 ( 0.537%) | ₹459.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APCOTEXIND.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 479.63 | 4.43% |
| R2 | 470.92 | 2.53% |
| R1 | 465.54 | 1.36% |
| Price | 459.30 | |
| S1 | 448.12 | -2.43% |
| S2 | 442.74 | -3.60% |
| S3 | 434.03 | -5.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 466.40 | 1.55% |
| R2 | 463.00 | 0.81% |
| R1 | 461.95 | 0.577% |
| Price | 459.30 | |
| S1 | 438.15 | -4.60% |
| S2 | 408.75 | -11.01% |
| S3 | 401.75 | -12.53% |
APCOTEXIND Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 05, 2024 | Feb 05, 2024 | Feb 22, 2024 | ₹2.00 | 0.422% |
| 2 | Jun 12, 2023 | Jun 12, 2023 | Jun 12, 2023 | ₹3.50 | 0.658% |
| 3 | Feb 07, 2023 | Feb 07, 2023 | Feb 07, 2023 | ₹2.00 | 0.488% |
| 4 | Jun 06, 2022 | Jun 06, 2022 | Jun 06, 2022 | ₹3.00 | 0.474% |
| 5 | Feb 10, 2022 | Feb 10, 2022 | Feb 10, 2022 | ₹2.00 | 0.536% |
FAQ
Click here for our free guide on how to buy Apcotex Industries Limited Stock.
