Alembic Pharmaceuticals Limited Stock Forecast
Stronger technical forecast for Alembic Pharmaceuticals Limited stock price after Thursday trading.
(Updated on Jul 04, 2024)
The Alembic Pharmaceuticals Limited stock price gained 1.35% on the last trading day (Thursday, 4th Jul 2024), rising from ₹950.00 to ₹962.85. During the last trading day the stock fluctuated 3.65% from a day low at ₹955.10 to a day high of ₹990.00. The price has risen in 6 of the last 10 days and is up by 13.92% over the past 2 weeks. Volume fell on the last day by -11 thousand shares and in total, 10 thousand shares were bought and sold for approximately ₹9.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling 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 ₹972.39 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -10.08% during the next 3 months and, with a 90% probability hold a price between ₹743.07 and ₹874.34 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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APLLTD.BO Signals & Forecast
The Alembic Pharmaceuticals 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 ₹924.09 and ₹916.89. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Tuesday, July 02, 2024, and so far it has fallen -1.36%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, January 01, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, January 01, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Alembic Pharmaceuticals Limited stock
Alembic Pharmaceuticals Limited finds support from accumulated volume at ₹950.00 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 ₹34.90 between high and low, or 3.65%. For the last week, the stock has had daily average volatility of 4.25%.
Our recommended stop-loss: ₹929.22 (-3.49%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (APLLTD.BO) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Alembic Pharmaceuticals Limited to open at ₹969.32, and during the day (based on 14 day Average True Range), to move between ₹927.69 and ₹998.01, which gives a possible trading interval of +/-₹35.16 (+/-3.65%) up or down from last closing price. If Alembic Pharmaceuticals Limited takes out the full calculated possible swing range there will be an estimated 7.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹974.70 (1.23%) than the support at ₹950.00 (1.33%), 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 Alembic Pharmaceuticals Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.330 Buy Candidate Upgraded
Predicted Opening Price for Alembic Pharmaceuticals Limited of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| ₹969.32 ( 0.672%) | ₹962.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APLLTD.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,004.22 | 4.30% |
| R2 | 990.88 | 2.91% |
| R1 | 982.65 | 2.06% |
| Price | 962.85 | |
| S1 | 955.98 | -0.713% |
| S2 | 947.75 | -1.57% |
| S3 | 934.42 | -2.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,026.20 | 6.58% |
| R2 | 976.15 | 1.38% |
| R1 | 974.70 | 1.23% |
| Price | 962.85 | |
| S1 | 950.00 | -1.33% |
| S2 | 902.20 | -6.30% |
| S3 | 867.45 | -9.91% |
APLLTD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 15, 2024 | Jul 15, 2024 | Aug 21, 2024 | ₹11.00 | 1.14% |
| 2 | Jul 28, 2023 | Jul 28, 2023 | Sep 03, 2023 | ₹8.00 | 1.04% |
| 3 | Aug 17, 2022 | Aug 17, 2022 | Sep 03, 2022 | ₹10.00 | 1.55% |
| 4 | Jul 11, 2017 | Jul 11, 2017 | Jul 26, 2017 | ₹4.00 | 0.737% |
| 5 | Jul 20, 2016 | Jul 20, 2016 | Jul 20, 2016 | ₹4.00 | 0.679% |
FAQ
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