EIH Associated Hotels 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
Red day on Wednesday for EIH Associated Hotels Limited stock after losing 0.489%
(Updated on Jun 26, 2024)
The EIH Associated Hotels Limited stock price fell by -0.489% on the last day (Wednesday, 26th Jun 2024) from ₹929.70 to ₹925.15. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.59% from a day low at ₹920.40 to a day high of ₹935.00. The price has been going up and down for this period, and there has been a 11.06% gain for the last 2 weeks. 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 -7 thousand shares and in total, 14 thousand shares were bought and sold for approximately ₹13.06 million.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹941.97 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 12.11% during the next 3 months and, with a 90% probability hold a price between ₹786.65 and ₹1,056.00 at the end of this 3-month period.
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EIHAHOTELS.NS Signals & Forecast
The EIH Associated Hotels 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 ₹927.24. On a fall, the stock will find some support from the long-term average at approximately ₹790.96. 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). 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 Friday, June 21, 2024, and so far it has fallen -1.27%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Thursday, May 09, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, May 09, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for EIH Associated Hotels Limited stock
EIH Associated Hotels Limited finds support from accumulated volume at ₹906.15 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹14.60 between high and low, or 1.59%. For the last week, the stock has had daily average volatility of 2.05%.
The EIH Associated Hotels Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₹894.56 (-3.31%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 91 and this increases the risk substantially. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (EIHAHOTELS.NS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect EIH Associated Hotels Limited to open at ₹926.85, and during the day (based on 14 day Average True Range), to move between ₹892.05 and ₹958.25, which gives a possible trading interval of +/-₹33.10 (+/-3.58%) up or down from last closing price. If EIH Associated Hotels Limited takes out the full calculated possible swing range there will be an estimated 7.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹926.25 (0.12%) than the support at ₹906.15 (2.05%), 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 EIH Associated Hotels 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 EIH Associated Hotels Limited stock to perform well in the short-term.
Current score: 3.309 Buy Candidate Unchanged
Predicted Opening Price for EIH Associated Hotels Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹926.85 ( 0.184%) | ₹925.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EIHAHOTELS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 941.45 | 1.76% |
| R2 | 935.87 | 1.16% |
| R1 | 932.43 | 0.787% |
| Price | 925.15 | |
| S1 | 921.27 | -0.419% |
| S2 | 917.83 | -0.792% |
| S3 | 912.25 | -1.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 937.05 | 1.29% |
| R2 | 935.30 | 1.10% |
| R1 | 926.25 | 0.119% |
| Price | 925.15 | |
| S1 | 906.15 | -2.05% |
| S2 | 819.65 | -11.40% |
| S3 | 781.35 | -15.54% |
EIHAHOTELS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 29, 2024 | Jul 29, 2024 | Aug 31, 2024 | ₹6.00 | 0.650% |
| 2 | Jul 31, 2023 | Jul 31, 2023 | Jul 31, 2023 | ₹5.00 | 1.00% |
| 3 | Jul 19, 2019 | Jul 19, 2019 | Jul 19, 2019 | ₹4.50 | 1.44% |
| 4 | Jul 25, 2018 | Jul 25, 2018 | Jul 25, 2018 | ₹4.50 | 1.07% |
| 5 | May 29, 2017 | Jul 26, 2017 | Sep 04, 2017 | ₹4.50 | 1.31% |
FAQ
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