G N A Axles Limited Stock Forecast

G N A Axles Limited stock upgraded from Strong Sell Candidate to Sell Candidate after Monday trading session.
(Updated on Jun 24, 2024)

GNA.BO Signals & Forecast

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 G N A Axles Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹402.24 and ₹401.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -1.65%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for G N A Axles Limited stock

G N A Axles Limited finds support from accumulated volume at ₹397.45 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 ₹7.15 (1.80%) between high and low. For the last week, the stock has had daily average volatility of 2.02%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (GNA.BO) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect G N A Axles Limited to open at ₹399.92, and during the day (based on 14 day Average True Range), to move between ₹389.30 and ₹410.70, which gives a possible trading interval of +/-₹10.70 (+/-2.67%) up or down from last closing price. If G N A Axles Limited takes out the full calculated possible swing range there will be an estimated 5.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹401.85 (0.46%) than the support at ₹397.45 (0.64%), 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 G N A Axles Limited stock A Buy?

G N A Axles Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.723 Sell Candidate Upgraded

Predicted Opening Price for G N A Axles Limited of Tuesday, June 25, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.