Ashiana Housing Limited Stock Forecast
Ashiana Housing Limited stock price down 2.27% on Tuesday
(Updated on May 21, 2024)
The Ashiana Housing Limited stock price fell by -2.27% on the last day (Tuesday, 21st May 2024) from ₹376.40 to ₹367.85. During the last trading day the stock fluctuated 3.43% from a day low at ₹366.40 to a day high of ₹378.95. The price has risen in 6 of the last 10 days but is still down by -2.67% for this period. Volume has increased on the last day by 596 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, 5 thousand shares were bought and sold for approximately ₹1.92 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 34.16% during the next 3 months and, with a 90% probability hold a price between ₹451.66 and ₹561.62 at the end of this 3-month period.
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ASHIANA.BO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -6.04%. 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. The Ashiana Housing Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹367.26 and ₹348.93. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Ashiana Housing Limited stock
Ashiana Housing Limited finds support from accumulated volume at ₹366.05 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 ₹12.55 (3.43%) between high and low. For the last week, the stock has had daily average volatility of 2.96%.
Our recommended stop-loss: ₹348.43 (-5.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 42 days ago.)
Trading Expectations (ASHIANA.BO) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Ashiana Housing Limited to open at ₹371.07, and during the day (based on 14 day Average True Range), to move between ₹350.78 and ₹384.92, which gives a possible trading interval of +/-₹17.07 (+/-4.64%) up or down from last closing price. If Ashiana Housing Limited takes out the full calculated possible swing range there will be an estimated 9.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹366.05 (0.49%) than the resistance at ₹372.20 (1.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Ashiana Housing Limited will release earnings BMO on Tuesday, May 28, 2024. We will update the financials statements for Ashiana Housing Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.42% in the first trading day after earnings release.
Is Ashiana Housing Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ashiana Housing Limited stock to perform well in the short-term.
Current score: 2.404 Buy Candidate Unchanged
Predicted Opening Price for Ashiana Housing Limited of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| ₹371.07 ( 0.87%) | ₹367.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASHIANA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 383.62 | 4.29 % | |
| R2 | 378.82 | 2.98 % | ||
| R1 | 375.86 | 2.18 % | ||
| Current price: | 367.85 | |||
| Support | S1 | 366.27 | -0.429 % | |
| S2 | 363.31 | -1.23 % | ||
| S3 | 358.52 | -2.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 387.35 | 5.30 % | |
| R2 | 386.65 | 5.11 % | ||
| R1 | 372.20 | 1.18 % | ||
| Current price | 367.85 | |||
| Support | S1 | 366.05 | -0.489% | |
| S2 | 365.60 | -0.612% | ||
| S3 | 334.95 | -8.94% |
ASHIANA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2023 | Sep 21, 2023 | Oct 28, 2023 | ₹0.500 | 0.234% |
| 2 | Sep 08, 2022 | Sep 08, 2022 | Mar 14, 2022 | ₹0.500 | 0.323% |
| 3 | Aug 16, 2017 | Aug 16, 2017 | Sep 27, 2017 | ₹0.250 | 0.154% |
| 4 | Mar 22, 2016 | Mar 22, 2016 | Mar 22, 2016 | ₹0.500 | 0.370% |
| 5 | Aug 14, 2015 | Aug 14, 2015 | Aug 14, 2015 | ₹0.500 | 0.286% |
FAQ
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