Arvind SmartSpaces Limited Stock Forecast
Arvind SmartSpaces Limited stock price down 0.81% on Friday
(Updated on May 10, 2024)
The Arvind SmartSpaces Limited stock price fell by -0.81% on the last day (Friday, 10th May 2024) from ₹668.35 to ₹662.95. During the last trading day the stock fluctuated 3.52% from a day low at ₹658.35 to a day high of ₹681.55. The price has fallen in 6 of the last 10 days and is down by -12.02% for this period. Volume has increased on the last day by 2 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, 10 thousand shares were bought and sold for approximately ₹6.43 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹654.03 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.02% during the next 3 months and, with a 90% probability hold a price between ₹830.73 and ₹994.25 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ARVSMART.BO Signals & Forecast
There are few to no technical positive signals at the moment. The Arvind SmartSpaces 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 ₹687.30 and ₹679.36. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -12.02%. Further fall is indicated until a new bottom pivot has been found. 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 Arvind SmartSpaces Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹626.95 and ₹602.30. 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, Arvind SmartSpaces Limited finds support just below today's level at ₹626.95. If this is broken, then the next support from accumulated volume will be at ₹602.30 and ₹582.90.
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 ₹23.20 between high and low, or 3.52%. For the last week, the stock has had daily average volatility of 5.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARVSMART.BO) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Arvind SmartSpaces Limited to open at ₹667.62, and during the day (based on 14 day Average True Range), to move between ₹626.45 and ₹699.45, which gives a possible trading interval of +/-₹36.50 (+/-5.51%) up or down from last closing price. If Arvind SmartSpaces Limited takes out the full calculated possible swing range there will be an estimated 11.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹697.10 (5.15%) than the support at ₹626.95 (5.43%), 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.
Earnings coming up
Arvind SmartSpaces Limited will release earnings BMO on Friday, May 17, 2024. We will update the financials statements for Arvind SmartSpaces Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.58% in the first trading day after earnings release.
Is Arvind SmartSpaces Limited stock A Buy?
The Arvind SmartSpaces Limited stock holds several negative signals and despite the positive trend, we believe Arvind SmartSpaces Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.167 Sell Candidate Unchanged
Predicted Opening Price for Arvind SmartSpaces Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₹667.62 ( 0.704%) | ₹662.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARVSMART.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 690.82 | 4.20 % | |
| R2 | 681.95 | 2.87 % | ||
| R1 | 676.48 | 2.04 % | ||
| Current price: | 662.95 | |||
| Support | S1 | 658.75 | -0.633 % | |
| S2 | 653.28 | -1.46 % | ||
| S3 | 644.42 | -2.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 702.10 | 5.91 % | |
| R2 | 698.00 | 5.29 % | ||
| R1 | 697.10 | 5.15 % | ||
| Current price | 662.95 | |||
| Support | S1 | 626.95 | -5.43% | |
| S2 | 602.30 | -9.15% | ||
| S3 | 582.90 | -12.07% |
ARVSMART Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 21, 2023 | Jul 21, 2023 | Sep 01, 2023 | ₹3.30 | 0.92% |
| 2 | Jul 26, 2019 | Jul 26, 2019 | Sep 04, 2019 | ₹1.50 | 1.71% |
FAQ
Click here for our free guide on how to buy Arvind SmartSpaces Limited Stock.
