Astra Microwave Products 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
Evaluation of Astra Microwave Products Limited stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Astra Microwave Products Limited stock price fell by -1.17% on the last day (Friday, 17th May 2024) from ₹753.80 to ₹745.00. During the last trading day the stock fluctuated 3.51% from a day low at ₹740.00 to a day high of ₹766.00. The price has fallen in 6 of the last 10 days but is still up by 9.42% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -632 thousand shares and in total, 663 thousand shares were bought and sold for approximately ₹494.12 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹755.86 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 19.59% during the next 3 months and, with a 90% probability hold a price between ₹732.42 and ₹903.93 at the end of this 3-month period.
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ASTRAMICRO.NS Signals & Forecast
The Astra Microwave Products 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 ₹708.31 and ₹677.67. A breakdown below any of these levels will issue sell signals. 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, May 16, 2024, and so far it has fallen -1.17%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Astra Microwave Products Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹698.90 and ₹695.05. 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, Astra Microwave Products Limited finds support just below today's level at ₹698.90. If this is broken, then the next support from accumulated volume will be at ₹695.05 and ₹596.45.
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 ₹26.00 between high and low, or 3.51%. For the last week, the stock has had daily average volatility of 4.01%.
Our recommended stop-loss: ₹713.53 (-4.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ASTRAMICRO.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Astra Microwave Products Limited to open at ₹750.33, and during the day (based on 14 day Average True Range), to move between ₹717.74 and ₹772.26, which gives a possible trading interval of +/-₹27.26 (+/-3.66%) up or down from last closing price. If Astra Microwave Products Limited takes out the full calculated possible swing range there will be an estimated 7.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹753.80 (1.18%) than the support at ₹698.90 (6.19%), 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
Astra Microwave Products Limited will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for Astra Microwave Products Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.13% in the first trading day after earnings release.
Is Astra Microwave Products 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 Astra Microwave Products Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.431 Buy Candidate Downgraded
Predicted Opening Price for Astra Microwave Products Limited of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
₹750.33 ( 0.716%) | ₹745.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASTRAMICRO.NS
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 776.33 | 4.21 % | |
R2 | 766.40 | 2.87 % | ||
R1 | 760.27 | 2.05 % | ||
Current price: | 745.00 | |||
Support | S1 | 740.40 | -0.617 % | |
S2 | 734.27 | -1.44 % | ||
S3 | 724.33 | -2.77 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 753.80 | 1.18 % | ||
Current price | 745.00 | |||
Support | S1 | 698.90 | -6.19% | |
S2 | 695.05 | -6.70% | ||
S3 | 596.45 | -19.94% |
ASTRAMICRO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 11, 2022 | Aug 11, 2022 | Aug 11, 2022 | ₹1.40 | 0.501% |
2 | Aug 17, 2021 | Aug 17, 2021 | Aug 17, 2021 | ₹1.20 | 0.772% |
3 | Sep 02, 2020 | Sep 02, 2020 | Sep 02, 2020 | ₹1.20 | 0.99% |
4 | Sep 01, 2020 | Sep 01, 2020 | Sep 01, 2020 | ₹1.20 | 0.98% |
5 | Aug 06, 2019 | Aug 06, 2019 | Aug 06, 2019 | ₹0.250 | 0.322% |
FAQ
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