Aries Agro Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Aries Agro Limited stock upgraded to Buy Candidate.
(Updated on Jun 14, 2024)
The Aries Agro Limited stock price gained 0.780% on the last trading day (Friday, 14th Jun 2024), rising from ₹243.50 to ₹245.40. During the last trading day the stock fluctuated 2.04% from a day low at ₹243.00 to a day high of ₹247.95. The price has risen in 7 of the last 10 days and is up by 9.07% over the past 2 weeks. Volume fell on the last day by -9 thousand shares and in total, 5 thousand shares were bought and sold for approximately ₹1.27 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 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 -11.36% during the next 3 months and, with a 90% probability hold a price between ₹174.55 and ₹229.57 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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ARIES.BO Signals & Forecast
The Aries Agro Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹240.26 and ₹243.78. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 21.79%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. The stock had a Golden Star Signal on Thursday, July 27, 2023 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 Thursday, July 27, 2023 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 Aries Agro Limited stock
Aries Agro Limited finds support from accumulated volume at ₹245.15 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹4.95 between high and low, or 2.04%. For the last week the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: ₹236.91 (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 45 days ago.)
Trading Expectations (ARIES.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Aries Agro Limited to open at ₹245.45, and during the day (based on 14 day Average True Range), to move between ₹234.65 and ₹256.15, which gives a possible trading interval of +/-₹10.75 (+/-4.38%) up or down from last closing price. If Aries Agro Limited takes out the full calculated possible swing range there will be an estimated 8.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹245.15 (0.10%) than the resistance at ₹246.80 (0.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aries Agro 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: 1.978 Buy Candidate Upgraded
Predicted Opening Price for Aries Agro Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹245.45 ( 0.0204%) | ₹245.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARIES.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 250.40 | 2.04% |
| R2 | 248.51 | 1.27% |
| R1 | 247.34 | 0.791% |
| Price | 245.40 | |
| S1 | 243.56 | -0.750% |
| S2 | 242.39 | -1.23% |
| S3 | 240.50 | -2.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 274.10 | 11.70% |
| R2 | 251.75 | 2.59% |
| R1 | 246.80 | 0.570% |
| Price | 245.40 | |
| S1 | 245.15 | -0.102% |
| S2 | 240.00 | -2.20% |
| S3 | 219.80 | -10.43% |
ARIES Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 20, 2023 | ₹1.00 | 0.539% |
| 2 | Sep 21, 2022 | Sep 21, 2022 | Oct 20, 2022 | ₹0.80 | 0.581% |
| 3 | Sep 14, 2017 | Sep 14, 2017 | Oct 24, 2017 | ₹2.00 | 0.765% |
| 4 | Sep 15, 2016 | Sep 15, 2016 | Sep 15, 2016 | ₹1.50 | 1.46% |
| 5 | Sep 16, 2015 | Sep 16, 2015 | Sep 16, 2015 | ₹2.00 | 2.18% |
FAQ
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