Aries Agro Limited Stock Forecast
Aries Agro Limited stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 14, 2024)
The Aries Agro Limited stock price gained 0.599% on the last trading day (Friday, 14th Jun 2024), rising from ₹243.54 to ₹245.00. During the last trading day the stock fluctuated 2.63% from a day low at ₹242.61 to a day high of ₹248.99. The price has risen in 7 of the last 10 days and is up by 9.03% over the past 2 weeks. Volume fell on the last day by -14 thousand shares and in total, 59 thousand shares were bought and sold for approximately ₹14.48 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 -11.52% during the next 3 months and, with a 90% probability hold a price between ₹175.02 and ₹228.60 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.NS 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 ₹240.23 and ₹243.14. 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 Wednesday, June 12, 2024, and so far it has fallen -0.0490%. Further fall is indicated until a new bottom pivot has been found. 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 ₹242.15 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹6.38 between high and low, or 2.63%. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: ₹236.49 (-3.47%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (ARIES.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Aries Agro Limited to open at ₹245.53, and during the day (based on 14 day Average True Range), to move between ₹233.79 and ₹256.21, which gives a possible trading interval of +/-₹11.21 (+/-4.57%) up or down from last closing price. If Aries Agro Limited takes out the full calculated possible swing range there will be an estimated 9.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹246.70 (0.69%) than the support at ₹242.15 (1.16%), 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 Aries Agro Limited stock A Buy?
Aries Agro 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: 0.730 Hold/Accumulate Upgraded
Predicted Opening Price for Aries Agro Limited of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
₹245.53 ( 0.218%) | ₹245.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARIES.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 251.91 | 2.82% |
R2 | 249.48 | 1.83% |
R1 | 247.97 | 1.21% |
Price | 245.00 | |
S1 | 243.10 | -0.777% |
S2 | 241.59 | -1.39% |
S3 | 239.15 | -2.39% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 274.15 | 11.90% |
R2 | 251.10 | 2.49% |
R1 | 246.70 | 0.694% |
Price | 245.00 | |
S1 | 242.15 | -1.16% |
S2 | 239.85 | -2.10% |
S3 | 223.70 | -8.69% |
ARIES Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 22, 2023 | Sep 22, 2023 | Oct 20, 2023 | ₹1.00 | 0.538% |
2 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | ₹0.80 | 0.569% |
3 | Sep 14, 2021 | Sep 14, 2021 | Sep 14, 2021 | ₹0.80 | 0.525% |
4 | Mar 06, 2020 | Mar 19, 2020 | Mar 27, 2020 | ₹0.500 | 1.30% |
5 | May 27, 2019 | Sep 19, 2019 | Oct 25, 2019 | ₹1.80 | 2.96% |
FAQ
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