HB Estate Developers Limited Stock Forecast
HB Estate Developers Limited stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The HB Estate Developers Limited stock price gained 2.18% on the last trading day (Wednesday, 26th Jun 2024), rising from ₹72.00 to ₹73.57. During the last trading day the stock fluctuated 4.44% from a day low at ₹72.00 to a day high of ₹75.20. The price has risen in 7 of the last 10 days and is up by 5.61% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 686 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately ₹105.79 thousand.
The stock lies in the middle of a wide and strong 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 10.12% during the next 3 months and, with a 90% probability hold a price between ₹76.45 and ₹89.42 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HBESD.BO Signals & Forecast
Mostly positive signals in the chart today. The HB Estate Developers Limited 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 ₹73.07 and ₹70.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 8.59%. 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). HB Estate Developers Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for HB Estate Developers Limited stock
HB Estate Developers Limited finds support from accumulated volume at ₹70.87 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 ₹3.20 between high and low, or 4.44%. For the last week, the stock has had daily average volatility of 5.83%.
Our recommended stop-loss: ₹69.53 (-5.49%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (HBESD.BO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect HB Estate Developers Limited to open at ₹73.59, and during the day (based on 14 day Average True Range), to move between ₹69.46 and ₹77.68, which gives a possible trading interval of +/-₹4.11 (+/-5.58%) up or down from last closing price. If HB Estate Developers Limited takes out the full calculated possible swing range there will be an estimated 11.16% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹73.76 (0.26%) than the support at ₹70.87 (3.67%), 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 HB Estate Developers Limited stock A Buy?
HB Estate Developers Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.480 Strong Buy Candidate Upgraded
Predicted Opening Price for HB Estate Developers Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹73.59 ( 0.0272%) | ₹73.57 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBESD.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.79 | 4.38% |
| R2 | 75.57 | 2.72% |
| R1 | 74.81 | 1.69% |
| Price | 73.57 | |
| S1 | 72.37 | -1.63% |
| S2 | 71.61 | -2.66% |
| S3 | 70.39 | -4.32% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 78.29 | 6.42% |
| R2 | 74.63 | 1.44% |
| R1 | 73.76 | 0.258% |
| Price | 73.57 | |
| S1 | 70.87 | -3.67% |
| S2 | 70.00 | -4.85% |
| S3 | 69.39 | -5.68% |
HBESD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 13, 2013 | Nov 13, 2013 | Nov 13, 2013 | ₹0.83 | 5.62% |
| 2 | Sep 06, 2012 | Sep 06, 2012 | Sep 06, 2012 | ₹1.67 | 5.63% |
| 3 | Aug 29, 2011 | Aug 29, 2011 | Aug 29, 2011 | ₹1.67 | 4.88% |
| 4 | Sep 21, 2010 | Sep 21, 2010 | Sep 21, 2010 | ₹1.67 | 2.05% |
| 5 | Aug 04, 2009 | Aug 04, 2009 | Aug 04, 2009 | ₹1.67 | 2.67% |
FAQ
Click here for our free guide on how to buy HB Estate Developers Limited Stock.
