Avadh Sugar & Energy Limited Stock Forecast
Avadh Sugar & Energy Limited stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The Avadh Sugar & Energy Limited stock price gained 0.97% on the last trading day (Tuesday, 2nd Jul 2024), rising from ₹625.25 to ₹631.30. During the last trading day the stock fluctuated 3.42% from a day low at ₹617.85 to a day high of ₹639.00. The price has fallen in 6 of the last 10 days and is down by -1.8% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 15 thousand more shares were traded than the day before. In total, 126 thousand shares were bought and sold for approximately ₹79.65 million.
The stock lies in the middle of a very 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 3.94% during the next 3 months and, with a 90% probability hold a price between ₹536.41 and ₹712.63 at the end of this 3-month period.
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AVADHSUGAR.NS Signals & Forecast
The Avadh Sugar & Energy 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 ₹635.76. On a fall, the stock will find some support from the long-term average at approximately ₹584.64. 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). 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, June 20, 2024, and so far it has fallen -7.47%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Avadh Sugar & Energy Limited stock
Avadh Sugar & Energy Limited finds support from accumulated volume at ₹610.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹21.15 between high and low, or 3.42%. For the last week, the stock has had daily average volatility of 4.12%.
Our recommended stop-loss: ₹606.62 (-3.91%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (AVADHSUGAR.NS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Avadh Sugar & Energy Limited to open at ₹629.38, and during the day (based on 14 day Average True Range), to move between ₹602.51 and ₹660.09, which gives a possible trading interval of +/-₹28.79 (+/-4.56%) up or down from last closing price. If Avadh Sugar & Energy Limited takes out the full calculated possible swing range there will be an estimated 9.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹639.75 (1.34%) than the support at ₹610.30 (3.33%), 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 Avadh Sugar & Energy 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 Avadh Sugar & Energy Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.030 Buy Candidate Upgraded
Predicted Opening Price for Avadh Sugar & Energy Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ₹629.38 ( 0.304%) | ₹631.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVADHSUGAR.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 650.53 | 3.05% |
| R2 | 642.45 | 1.77% |
| R1 | 637.46 | 0.98% |
| Price | 631.30 | |
| S1 | 621.30 | -1.58% |
| S2 | 616.31 | -2.37% |
| S3 | 608.23 | -3.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 682.30 | 8.08% |
| R2 | 658.75 | 4.35% |
| R1 | 639.75 | 1.34% |
| Price | 631.30 | |
| S1 | 610.30 | -3.33% |
| S2 | 607.20 | -3.82% |
| S3 | 588.80 | -6.73% |
AVADHSUGAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | ₹10.00 | 1.85% |
| 2 | Jul 12, 2022 | Jul 12, 2022 | Jul 12, 2022 | ₹10.00 | 1.78% |
| 3 | Aug 12, 2021 | Aug 12, 2021 | Aug 12, 2021 | ₹4.00 | 0.90% |
| 4 | Sep 11, 2020 | Sep 11, 2020 | Sep 11, 2020 | ₹4.00 | 2.11% |
| 5 | May 13, 2019 | Jun 03, 2019 | Sep 02, 2019 | ₹1.50 | 0.686% |
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