Gujarat Ambuja Exports Limited Stock Forecast
Gujarat Ambuja Exports Limited stock price ended at ₹168.65 on Thursday, after losing 0.325%.
(Updated on Apr 25, 2024)
The Gujarat Ambuja Exports Limited stock price fell by -0.325% on the last day (Thursday, 25th Apr 2024) from ₹169.20 to ₹168.65. During the last trading day the stock fluctuated 1.34% from a day low at ₹168.05 to a day high of ₹170.30. The price has fallen in 7 of the last 10 days and is down by -1.92% for this period. 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 -169 thousand shares and in total, 218 thousand shares were bought and sold for approximately ₹36.73 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -57.07% during the next 3 months and, with a 90% probability hold a price between ₹20.70 and ₹102.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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GAEL.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, March 26, 2024, and so far it has risen 8.46%. 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 Gujarat Ambuja Exports 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 ₹218.34. On a fall, the stock will find some support from the short-term average at ₹166.36. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Gujarat Ambuja Exports Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹160.05 and ₹158.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Gujarat Ambuja Exports Limited finds support just below today's level at ₹160.05. If this is broken, then the next support from accumulated volume will be at ₹158.20 and ₹155.50.
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 ₹2.25 between high and low, or 1.34%. For the last week, the stock has had daily average volatility of 2.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GAEL.NS) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Gujarat Ambuja Exports Limited to open at ₹169.00, and during the day (based on 14 day Average True Range), to move between ₹159.33 and ₹177.97, which gives a possible trading interval of +/-₹9.32 (+/-5.52%) up or down from last closing price. If Gujarat Ambuja Exports Limited takes out the full calculated possible swing range there will be an estimated 11.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹169.60 (0.56%) than the support at ₹160.05 (5.10%), 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 Gujarat Ambuja Exports Limited stock A Buy?
Gujarat Ambuja Exports Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.409 Sell Candidate Unchanged
Predicted Opening Price for Gujarat Ambuja Exports Limited of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| ₹169.00 ( 0.208%) | ₹168.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAEL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 171.25 | 1.54 % | |
| R2 | 170.39 | 1.03 % | ||
| R1 | 169.86 | 0.717 % | ||
| Current price: | 168.65 | |||
| Support | S1 | 168.14 | -0.302 % | |
| S2 | 167.61 | -0.617 % | ||
| S3 | 166.75 | -1.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 180.45 | 7.00 % | |
| R2 | 179.90 | 6.67 % | ||
| R1 | 169.60 | 0.563 % | ||
| Current price | 168.65 | |||
| Support | S1 | 160.05 | -5.10% | |
| S2 | 158.20 | -6.20% | ||
| S3 | 155.50 | -7.80% |
GAEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 01, 2022 | Aug 01, 2022 | Aug 01, 2022 | ₹0.650 | 0.422% |
| 2 | Aug 18, 2021 | Aug 18, 2021 | Aug 18, 2021 | ₹0.600 | 0.697% |
| 3 | Feb 25, 2020 | Mar 16, 2020 | Mar 21, 2020 | ₹0.500 | 1.95% |
| 4 | May 25, 2019 | Jul 25, 2019 | Aug 07, 2019 | ₹0.500 | 1.63% |
| 5 | May 19, 2018 | Jul 19, 2018 | Aug 01, 2018 | ₹0.450 | 0.82% |
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