AVT Natural Products Limited Stock Forecast
Stronger technical forecast for AVT Natural Products Limited stock price after Friday trading.
(Updated on Jun 21, 2024)
The AVT Natural Products Limited stock price gained 0.97% on the last trading day (Friday, 21st Jun 2024), rising from ₹86.69 to ₹87.53. During the last trading day the stock fluctuated 2.89% from a day low at ₹86.21 to a day high of ₹88.70. The price has risen in 8 of the last 10 days and is up by 6.23% over the past 2 weeks. Volume fell on the last day by -152 thousand shares and in total, 177 thousand shares were bought and sold for approximately ₹15.47 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 is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AVT Natural Products Limited stock with a 90% probability to be traded between ₹76.28 and ₹98.12 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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AVTNPL.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 13.97%. 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). 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. The AVT Natural Products Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹88.31. On a fall, the stock will find some support from the short-term average at ₹86.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for AVT Natural Products Limited stock
AVT Natural Products Limited finds support from accumulated volume at ₹84.35 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 ₹2.49 between high and low, or 2.89%. For the last week, the stock has had daily average volatility of 2.73%.
Our recommended stop-loss: ₹84.61 (-3.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (AVTNPL.NS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect AVT Natural Products Limited to open at ₹87.48, and during the day (based on 14 day Average True Range), to move between ₹84.55 and ₹90.51, which gives a possible trading interval of +/-₹2.98 (+/-3.40%) up or down from last closing price. If AVT Natural Products Limited takes out the full calculated possible swing range there will be an estimated 6.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹89.45 (2.19%) than the support at ₹84.35 (3.63%), 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 AVT Natural Products Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for AVT Natural Products Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.065 Buy Candidate Upgraded
Predicted Opening Price for AVT Natural Products Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹87.48 ( 0.0571%) | ₹87.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AVTNPL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 89.97 | 2.79% |
| R2 | 89.02 | 1.70% |
| R1 | 88.43 | 1.03% |
| Price | 87.53 | |
| S1 | 86.53 | -1.14% |
| S2 | 85.94 | -1.82% |
| S3 | 84.99 | -2.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 98.95 | 13.05% |
| R2 | 95.75 | 9.39% |
| R1 | 89.45 | 2.19% |
| Price | 87.53 | |
| S1 | 84.35 | -3.63% |
| S2 | 83.00 | -5.18% |
| S3 | 76.80 | -12.26% |
AVTNPL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 02, 2024 | Aug 02, 2024 | Sep 08, 2024 | ₹0.500 | 0.571% |
| 2 | Feb 22, 2024 | Feb 22, 2024 | Mar 15, 2024 | ₹0.300 | 0.357% |
| 3 | Aug 18, 2023 | Aug 18, 2023 | Aug 18, 2023 | ₹0.600 | 0.763% |
| 4 | Feb 21, 2023 | Feb 21, 2023 | Feb 21, 2023 | ₹0.400 | 0.439% |
| 5 | Aug 17, 2022 | Aug 17, 2022 | Aug 17, 2022 | ₹0.600 | 0.569% |
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