Avanti Feeds Ltd Stock Forecast
Avanti Feeds Ltd stock price ended at ₹543.50 on Friday, after gaining 1.79%.
(Updated on May 17, 2024)
The Avanti Feeds Ltd stock price gained 1.79% on the last trading day (Friday, 17th May 2024), rising from ₹533.95 to ₹543.50. During the last trading day the stock fluctuated 3.99% from a day low at ₹529.35 to a day high of ₹550.45. The price has been going up and down for this period, and there has been a 0.5% gain for the last 2 weeks. Volume fell on the last day by -431 thousand shares and in total, 400 thousand shares were bought and sold for approximately ₹217.39 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 4.49% during the next 3 months and, with a 90% probability hold a price between ₹516.20 and ₹601.46 at the end of this 3-month period.
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AVANTIFEED.NS Signals & Forecast
The Avanti Feeds Ltd 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 ₹524.50 and ₹521.60. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 6.61%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A sell signal from a double top formation was found on Thursday, May 02, 2024 and based on theory for this formation the price should fall by -2.71% to ₹528.75 within 36 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Avanti Feeds Ltd stock
Avanti Feeds Ltd finds support from accumulated volume at ₹532.50 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 ₹21.10 (3.99%) between high and low. For the last week, the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: ₹524.91 (-3.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (AVANTIFEED.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Avanti Feeds Ltd to open at ₹541.10, and during the day (based on 14 day Average True Range), to move between ₹523.28 and ₹563.72, which gives a possible trading interval of +/-₹20.22 (+/-3.72%) up or down from last closing price. If Avanti Feeds Ltd takes out the full calculated possible swing range there will be an estimated 7.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹532.50 (2.02%) than the resistance at ₹556.20 (2.34%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Avanti Feeds Ltd will release earnings BMO on Wednesday, May 22, 2024. We will update the financials statements for Avanti Feeds Ltd, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.26% in the first trading day after earnings release.
Is Avanti Feeds Ltd 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 Avanti Feeds Ltd stock to perform well in the short-term.
Current score: 2.900 Buy Candidate Unchanged
Predicted Opening Price for Avanti Feeds Ltd of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹541.10 ( 0.442%) | ₹543.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVANTIFEED.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 562.20 | 3.44 % | |
| R2 | 554.14 | 1.96 % | ||
| R1 | 549.16 | 1.04 % | ||
| Current price: | 543.50 | |||
| Support | S1 | 533.04 | -1.92 % | |
| S2 | 528.06 | -2.84 % | ||
| S3 | 520.00 | -4.32 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 558.20 | 2.70 % | ||
| R1 | 556.20 | 2.34 % | ||
| Current price | 543.50 | |||
| Support | S1 | 532.50 | -2.02% | |
| S2 | 530.40 | -2.41% | ||
| S3 | 518.20 | -4.66% |
AVANTIFEED Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | ₹6.25 | 1.53% |
| 2 | Aug 04, 2022 | Aug 04, 2022 | Aug 04, 2022 | ₹6.25 | 1.27% |
| 3 | Aug 05, 2021 | Aug 05, 2021 | Aug 05, 2021 | ₹6.25 | 0.99% |
| 4 | Aug 20, 2020 | Aug 20, 2020 | Aug 20, 2020 | ₹0.100 | 0.0194% |
| 5 | Feb 24, 2020 | Mar 05, 2020 | Mar 20, 2020 | ₹5.00 | 1.76% |
FAQ
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