Apollo Sindoori Hotels Limited Stock Forecast
Red day on Monday for Apollo Sindoori Hotels Limited
(Updated on May 06, 2024)
The Apollo Sindoori Hotels Limited stock price fell by -1.46% on the last day (Monday, 6th May 2024) from ₹1,786.60 to ₹1,760.45. During the last trading day the stock fluctuated 2.76% from a day low at ₹1,750.00 to a day high of ₹1,798.30. The price has fallen in 5 of the last 10 days and is down by -3.56% for this period. Volume has increased on the last day by 49 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 thousand shares were bought and sold for approximately ₹2.52 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -16.58% during the next 3 months and, with a 90% probability hold a price between ₹1,191.34 and ₹1,560.40 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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APOLSINHOT.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 6.78%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Apollo Sindoori Hotels 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 ₹1,791.97 and ₹1,799.92. A break-up above any of these levels will issue buy signals. 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.
Support, Risk & Stop-loss for Apollo Sindoori Hotels Limited stock
Apollo Sindoori Hotels Limited finds support from accumulated volume at ₹1,749.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹48.30 (2.76%) between high and low. For the last week, the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (APOLSINHOT.NS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Apollo Sindoori Hotels Limited to open at ₹1,769.58, and during the day (based on 14 day Average True Range), to move between ₹1,691.65 and ₹1,829.25, which gives a possible trading interval of +/-₹68.80 (+/-3.91%) up or down from last closing price. If Apollo Sindoori Hotels Limited takes out the full calculated possible swing range there will be an estimated 7.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,761.70 (0.07%) than the support at ₹1,749.40 (0.63%), 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 Sindoori Hotels Limited stock A Buy?
Apollo Sindoori Hotels Limited holds several negative signals and is within a very 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: -1.877 Sell Candidate Unchanged
Predicted Opening Price for Apollo Sindoori Hotels Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₹1,769.58 ( 0.519%) | ₹1,760.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for APOLSINHOT.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,817.88 | 3.26 % | |
| R2 | 1,799.43 | 2.21 % | ||
| R1 | 1,788.03 | 1.57 % | ||
| Current price: | 1,760.45 | |||
| Support | S1 | 1,751.13 | -0.529 % | |
| S2 | 1,739.73 | -1.18 % | ||
| S3 | 1,721.28 | -2.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,190.80 | 24.45 % | |
| R2 | 2,009.90 | 14.17 % | ||
| R1 | 1,761.70 | 0.0710 % | ||
| Current price | 1,760.45 | |||
| Support | S1 | 1,749.40 | -0.628% | |
| S2 | 1,693.60 | -3.80% | ||
| S3 | 1,648.70 | -6.35% |
APOLSINHOT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | ₹1.50 | 0.166% |
| 2 | Sep 20, 2021 | Sep 20, 2021 | Sep 20, 2021 | ₹1.25 | 0.156% |
| 3 | Sep 10, 2020 | Sep 10, 2020 | Sep 10, 2020 | ₹2.00 | 0.344% |
| 4 | Jul 16, 2019 | Jul 16, 2019 | Jul 16, 2019 | ₹3.00 | 0.340% |
| 5 | May 28, 2018 | Jul 20, 2018 | Aug 30, 2018 | ₹2.50 | 0.361% |
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