AU Small Finance Bank Limited Stock Forecast

Red day on Wednesday for AU Small Finance Bank Limited stock after losing 2.47%
(Updated on May 15, 2024)

AUBANK.NS Signals & Forecast

The AU Small Finance Bank Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹630.51. On a fall, the stock will find some support from the long-term average at approximately ₹619.20. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 02, 2024, and so far it has fallen -3.46%. Further fall is indicated until a new bottom pivot has been found. 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 AU Small Finance Bank Limited stock

AU Small Finance Bank Limited finds support from accumulated volume at ₹620.95 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 ₹32.05 (5.20%) between high and low. For the last week, the stock has had daily average volatility of 2.80%.

Our recommended stop-loss: ₹600.26 (-3.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)

Trading Expectations (AUBANK.NS) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect AU Small Finance Bank Limited to open at ₹629.57, and during the day (based on 14 day Average True Range), to move between ₹605.10 and ₹640.80, which gives a possible trading interval of +/-₹17.85 (+/-2.87%) up or down from last closing price. If AU Small Finance Bank Limited takes out the full calculated possible swing range there will be an estimated 5.73% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹620.95 (0.32%) than the resistance at ₹633.60 (1.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AU Small Finance Bank 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 AU Small Finance Bank Limited stock to perform well in the short-term.

Current score: 1.136 Buy Candidate Unchanged

Predicted Opening Price for AU Small Finance Bank Limited of Thursday, May 16, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.