Aurionpro Solutions 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 Aurionpro Solutions Limited stock downgraded after the last trading session.
(Updated on May 17, 2024)
The Aurionpro Solutions Limited stock price fell by -4.99% on the last day (Friday, 17th May 2024) from ₹2,558.50 to ₹2,430.95. During the last trading day the stock fluctuated 5.24% from a day low at ₹2,430.60 to a day high of ₹2,558.00. The price has fallen in 6 of the last 10 days and is down by -1.15% for this period. 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 -3 thousand shares and in total, 18 thousand shares were bought and sold for approximately ₹44.45 million.
The stock lies in the middle of a very 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 24.61% during the next 3 months and, with a 90% probability hold a price between ₹2,713.65 and ₹3,547.91 at the end of this 3-month period.
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AURIONPRO.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Aurionpro Solutions 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 ₹2,498.58 and ₹2,448.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 24, 2024, and so far it has fallen -9.56%. 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 Aurionpro Solutions Limited stock
Aurionpro Solutions Limited finds support from accumulated volume at ₹2,398.10 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 ₹127.40 between high and low, or 5.24%. For the last week, the stock has had daily average volatility of 5.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AURIONPRO.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Aurionpro Solutions Limited to open at ₹2,473.18, and during the day (based on 14 day Average True Range), to move between ₹2,307.38 and ₹2,554.52, which gives a possible trading interval of +/-₹123.57 (+/-5.08%) up or down from last closing price. If Aurionpro Solutions Limited takes out the full calculated possible swing range there will be an estimated 10.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹2,434.95 (0.16%) than the support at ₹2,398.10 (1.35%), 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.
Is Aurionpro Solutions Limited stock A Buy?
The Aurionpro Solutions Limited stock holds several negative signals and despite the positive trend, we believe Aurionpro Solutions Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -6.183 Strong Sell Candidate Downgraded
Predicted Opening Price for Aurionpro Solutions Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹2,473.18 ( 1.74%) | ₹2,430.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AURIONPRO.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,600.58 | 6.98 % | |
| R2 | 2,551.92 | 4.98 % | ||
| R1 | 2,521.85 | 3.74 % | ||
| Current price: | 2,430.95 | |||
| Support | S1 | 2,424.52 | -0.265 % | |
| S2 | 2,394.45 | -1.50 % | ||
| S3 | 2,345.78 | -3.50 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,688.00 | 10.57 % | |
| R2 | 2,597.20 | 6.84 % | ||
| R1 | 2,434.95 | 0.165 % | ||
| Current price | 2,430.95 | |||
| Support | S1 | 2,398.10 | -1.35% | |
| S2 | 2,382.05 | -2.01% | ||
| S3 | 1,842.50 | -24.21% |
AURIONPRO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 16, 2022 | Sep 16, 2022 | Sep 16, 2022 | ₹2.50 | 0.643% |
| 2 | May 02, 2019 | Sep 12, 2019 | Sep 25, 2019 | ₹2.00 | 1.89% |
| 3 | May 31, 2018 | Sep 19, 2018 | Oct 25, 2018 | ₹2.00 | 1.41% |
| 4 | May 31, 2017 | Sep 21, 2017 | Oct 26, 2017 | ₹1.00 | 0.733% |
| 5 | May 31, 2016 | Sep 22, 2016 | Oct 29, 2016 | ₹3.00 | 3.05% |
FAQ
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