Ausom Enterprise 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
Ausom Enterprise Limited stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Ausom Enterprise Limited stock price fell by -0.759% on the last day (Friday, 28th Jun 2024) from ₹94.92 to ₹94.20. During the last trading day the stock fluctuated 3.23% from a day low at ₹93.00 to a day high of ₹96.00. The price has fallen in 8 of the last 10 days and is down by -2.99% for this period. Volume has increased on the last day by 2 thousand 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, 4 thousand shares were bought and sold for approximately ₹414.10 thousand.
The stock lies in the lower part of a very wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹88.89 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 3.78% during the next 3 months and, with a 90% probability hold a price between ₹92.24 and ₹128.49 at the end of this 3-month period.
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AUSOMENT.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 7.47%. Further rise is indicated until a new top pivot has been found. 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. The Ausom Enterprise Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹95.19 and ₹98.24. A break-up above any of these levels will issue buy signals. Ausom Enterprise Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Ausom Enterprise Limited stock
Ausom Enterprise Limited finds support from accumulated volume at ₹93.50 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 ₹3.00 between high and low, or 3.23%. For the last week, the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AUSOMENT.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ausom Enterprise Limited to open at ₹94.40, and during the day (based on 14 day Average True Range), to move between ₹89.87 and ₹98.53, which gives a possible trading interval of +/-₹4.33 (+/-4.60%) up or down from last closing price. If Ausom Enterprise Limited takes out the full calculated possible swing range there will be an estimated 9.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹93.50 (0.74%) than the resistance at ₹100.05 (6.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ausom Enterprise Limited stock A Buy?
The Ausom Enterprise Limited stock holds several negative signals and despite the positive trend, we believe Ausom Enterprise 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 Hold/Accumulate to a Sell candidate.
Current score: -2.203 Sell Candidate Downgraded
Predicted Opening Price for Ausom Enterprise Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹94.40 ( 0.212%) | ₹94.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUSOMENT.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 97.40 | 3.40% |
| R2 | 96.25 | 2.18% |
| R1 | 95.55 | 1.43% |
| Price | 94.20 | |
| S1 | 93.25 | -1.00% |
| S2 | 92.55 | -1.76% |
| S3 | 91.40 | -2.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 117.10 | 24.31% |
| R2 | 115.80 | 22.93% |
| R1 | 100.05 | 6.21% |
| Price | 94.20 | |
| S1 | 93.50 | -0.743% |
| S2 | 90.55 | -3.87% |
| S3 | 87.65 | -6.95% |
AUSOMENT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 29, 2023 | ₹0.500 | 0.722% |
| 2 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | ₹1.00 | 1.30% |
| 3 | Nov 19, 2020 | Nov 19, 2020 | Nov 19, 2020 | ₹0.500 | 0.82% |
FAQ
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