Apollo Micro Systems Limited Stock Forecast
Stronger technical forecast for Apollo Micro Systems Limited stock price after Friday trading.
(Updated on Jun 28, 2024)
The Apollo Micro Systems Limited stock price gained 1.07% on the last trading day (Friday, 28th Jun 2024), rising from ₹105.82 to ₹106.95. During the last trading day the stock fluctuated 1.73% from a day low at ₹105.66 to a day high of ₹107.49. The price has been going up and down for this period, and there has been a 3.87% gain for the last 2 weeks. Volume fell on the last day by -647 thousand shares and in total, 681 thousand shares were bought and sold for approximately ₹72.81 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 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 ₹97.35 and ₹113.84 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.NS Signals & Forecast
The Apollo Micro Systems Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹109.38. On a fall, the stock will find some support from the long-term average at approximately ₹106.89. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 1.07%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Apollo Micro Systems Limited stock
Apollo Micro Systems Limited finds support from accumulated volume at ₹103.71 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 ₹1.83 between high and low, or 1.73%. For the last week, the stock has had daily average volatility of 3.38%.
Our recommended stop-loss: ₹101.39 (-5.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (APOLLO.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Apollo Micro Systems Limited to open at ₹106.70, and during the day (based on 14 day Average True Range), to move between ₹102.72 and ₹111.18, which gives a possible trading interval of +/-₹4.23 (+/-3.95%) 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 7.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹108.89 (1.81%) than the support at ₹103.71 (3.03%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.286 Hold/Accumulate Upgraded
Predicted Opening Price for Apollo Micro Systems Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹106.70 ( 0.234%) | ₹106.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APOLLO.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 108.53 | 1.48% |
| R2 | 107.83 | 0.82% |
| R1 | 107.40 | 0.420% |
| Price | 106.95 | |
| S1 | 106.00 | -0.89% |
| S2 | 105.57 | -1.29% |
| S3 | 104.87 | -1.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 115.61 | 8.10% |
| R2 | 110.15 | 2.99% |
| R1 | 108.89 | 1.81% |
| Price | 106.95 | |
| S1 | 103.71 | -3.03% |
| S2 | 102.97 | -3.72% |
| S3 | 102.95 | -3.74% |
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 | Sep 08, 2022 | ₹0.0250 | 0.157% |
| 3 | Sep 01, 2022 | Sep 01, 2022 | Sep 01, 2022 | ₹0.250 | 1.67% |
| 4 | Sep 16, 2021 | Sep 16, 2021 | Sep 16, 2021 | ₹0.0250 | 0.206% |
| 5 | Sep 17, 2020 | Sep 17, 2020 | Sep 17, 2020 | ₹0.0500 | 0.435% |
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