Apollo Micro Systems Limited Stock Forecast
Evaluation of Apollo Micro Systems Limited stock downgraded after the last trading session.
(Updated on May 31, 2024)
The Apollo Micro Systems Limited stock price fell by -0.235% on the last day (Friday, 31st May 2024) from ₹106.60 to ₹106.35. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.95% from a day low at ₹105.00 to a day high of ₹109.15. The price has been going up and down for this period, and there has been a 3.35% gain for the last 2 weeks. Volume has increased on the last day by 87 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, 196 thousand shares were bought and sold for approximately ₹20.85 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 Apollo Micro Systems Limited stock with a 90% probability to be traded between ₹92.24 and ₹111.48 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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APOLLO.BO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Apollo Micro Systems Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹108.77 and ₹107.31. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -7.28%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Apollo Micro Systems Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹97.20 and ₹96.40. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Apollo Micro Systems Limited finds support just below today's level at ₹97.20. If this is broken, then the next support from accumulated volume will be at ₹96.40 and ₹95.30.
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 ₹4.15 between high and low, or 3.95%. For the last week, the stock has had daily average volatility of 3.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APOLLO.BO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Apollo Micro Systems Limited to open at ₹106.83, and during the day (based on 14 day Average True Range), to move between ₹102.11 and ₹110.59, which gives a possible trading interval of +/-₹4.24 (+/-3.99%) up or down from last closing price. If Apollo Micro Systems Limited takes out the full calculated possible swing range there will be an estimated 7.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹110.11 (3.54%) than the support at ₹97.20 (8.60%), 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 Apollo Micro Systems Limited stock A Buy?
Apollo Micro Systems 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.151 Strong Sell Candidate Downgraded
Predicted Opening Price for Apollo Micro Systems Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹106.83 ( 0.454%) | ₹106.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APOLLO.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 110.98 | 4.36 % | |
| R2 | 109.40 | 2.87 % | ||
| R1 | 108.42 | 1.95 % | ||
| Current price: | 106.35 | |||
| Support | S1 | 105.25 | -1.04 % | |
| S2 | 104.27 | -1.96 % | ||
| S3 | 102.68 | -3.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 122.45 | 15.14 % | |
| R2 | 111.00 | 4.37 % | ||
| R1 | 110.11 | 3.54 % | ||
| Current price | 106.35 | |||
| Support | S1 | 97.20 | -8.60% | |
| S2 | 96.40 | -9.36% | ||
| S3 | 95.30 | -10.39% |
APOLLO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 29, 2023 | ₹0.0250 | 0.0334% |
| 2 | Sep 08, 2022 | Sep 08, 2022 | Oct 15, 2022 | ₹0.250 | 1.06% |
FAQ
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