Aspinwall and Company Limited Stock Forecast
Strong day for Aspinwall and Company Limited stock price on Friday rising 5.92% to ₹283.55
(Updated on May 17, 2024)
The Aspinwall and Company Limited stock price gained 5.92% on the last trading day (Friday, 17th May 2024), rising from ₹267.70 to ₹283.55. During the last trading day the stock fluctuated 7.74% from a day low at ₹268.20 to a day high of ₹288.95. The price has fallen in 6 of the last 10 days but is still up by 0.78% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 33 thousand more shares were traded than the day before. In total, 38 thousand shares were bought and sold for approximately ₹10.66 million.
The stock lies in the middle of a wide and weak 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 6.66% during the next 3 months and, with a 90% probability hold a price between ₹264.08 and ₹322.68 at the end of this 3-month period.
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ASPINWALL.NS Signals & Forecast
The Aspinwall and Company 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 ₹270.77 and ₹271.91. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Thursday, April 25, 2024, and so far it has fallen -4.69%. 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).
Support, Risk & Stop-loss for Aspinwall and Company Limited stock
Aspinwall and Company Limited finds support from accumulated volume at ₹276.10 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 ₹20.75 between high and low, or 7.74%. For the last week, the stock has had daily average volatility of 4.56%.
Our recommended stop-loss: ₹271.09 (-4.40%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (ASPINWALL.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Aspinwall and Company Limited to open at ₹280.23, and during the day (based on 14 day Average True Range), to move between ₹270.53 and ₹296.57, which gives a possible trading interval of +/-₹13.02 (+/-4.59%) up or down from last closing price. If Aspinwall and Company Limited takes out the full calculated possible swing range there will be an estimated 9.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹276.10 (2.63%) than the resistance at ₹295.70 (4.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Aspinwall and Company 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 Aspinwall and Company Limited 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: 1.456 Buy Candidate Upgraded
Predicted Opening Price for Aspinwall and Company Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹280.23 ( 1.17%) | ₹283.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASPINWALL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 300.98 | 6.15 % | |
| R2 | 293.06 | 3.35 % | ||
| R1 | 288.16 | 1.63 % | ||
| Current price: | 283.55 | |||
| Support | S1 | 272.31 | -3.97 % | |
| S2 | 267.41 | -5.69 % | ||
| S3 | 259.48 | -8.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 297.80 | 5.03 % | |
| R2 | 297.50 | 4.92 % | ||
| R1 | 295.70 | 4.28 % | ||
| Current price | 283.55 | |||
| Support | S1 | 276.10 | -2.63% | |
| S2 | 275.45 | -2.86% | ||
| S3 | 261.40 | -7.81% |
ASPINWALL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 20, 2023 | Jul 20, 2023 | Jul 20, 2023 | ₹6.00 | 2.44% |
| 2 | Aug 02, 2022 | Aug 02, 2022 | Aug 02, 2022 | ₹6.00 | 2.72% |
| 3 | Aug 17, 2021 | Aug 17, 2021 | Aug 17, 2021 | ₹3.50 | 1.84% |
| 4 | Mar 06, 2020 | Mar 18, 2020 | Apr 10, 2020 | ₹2.50 | 2.61% |
| 5 | May 27, 2019 | Jul 31, 2019 | Sep 05, 2019 | ₹3.00 | 2.17% |
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