Hilton Metal Forging Limited Stock Forecast
Hilton Metal Forging Limited stock upgraded to Buy Candidate.
(Updated on May 15, 2024)
The Hilton Metal Forging Limited stock price gained 4.95% on the last trading day (Wednesday, 15th May 2024), rising from ₹113.10 to ₹118.70. During the last trading day the stock fluctuated 7.76% from a day low at ₹110.20 to a day high of ₹118.75. The price has fallen in 6 of the last 10 days but is still up by 2.02% 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, 133 thousand more shares were traded than the day before. In total, 251 thousand shares were bought and sold for approximately ₹29.79 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 -20.00% during the next 3 months and, with a 90% probability hold a price between ₹67.09 and ₹106.99 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HILTON.NS Signals & Forecast
Mostly positive signals in the chart today. The Hilton Metal Forging Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹112.52 and ₹117.23. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 10.16%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Hilton Metal Forging Limited stock
Hilton Metal Forging Limited finds support from accumulated volume at ₹116.20 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 ₹8.55 (7.76%) between high and low. For the last week, the stock has had daily average volatility of 5.51%.
Our recommended stop-loss: ₹114.02 (-3.94%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (HILTON.NS) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Hilton Metal Forging Limited to open at ₹115.88, and during the day (based on 14 day Average True Range), to move between ₹113.00 and ₹124.40, which gives a possible trading interval of +/-₹5.70 (+/-4.80%) up or down from last closing price. If Hilton Metal Forging Limited takes out the full calculated possible swing range there will be an estimated 9.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹116.20 (2.11%) than the resistance at ₹123.40 (3.96%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hilton Metal Forging Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.333 Buy Candidate Upgraded
Predicted Opening Price for Hilton Metal Forging Limited of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| ₹115.88 ( 2.37%) | ₹118.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HILTON.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124.43 | 4.83 % | |
| R2 | 121.17 | 2.08 % | ||
| R1 | 119.15 | 0.379 % | ||
| Current price: | 118.70 | |||
| Support | S1 | 112.62 | -5.12 % | |
| S2 | 110.60 | -6.82 % | ||
| S3 | 107.33 | -9.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 141.05 | 18.83 % | |
| R2 | 128.70 | 8.42 % | ||
| R1 | 123.40 | 3.96 % | ||
| Current price | 118.70 | |||
| Support | S1 | 116.20 | -2.11% | |
| S2 | 112.20 | -5.48% | ||
| S3 | 110.40 | -6.99% |
HILTON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2015 | Sep 21, 2015 | Sep 21, 2015 | ₹0.235 | 1.70% |
| 2 | May 07, 2014 | Sep 18, 2014 | Oct 27, 2014 | ₹0.470 | 2.51% |
| 3 | May 28, 2013 | Sep 19, 2013 | Oct 30, 2013 | ₹0.376 | 3.67% |
| 4 | May 18, 2012 | Sep 24, 2012 | Oct 29, 2012 | ₹0.235 | 2.07% |
| 5 | May 31, 2011 | Sep 20, 2011 | Oct 28, 2011 | ₹0.235 | 1.65% |
FAQ
Click here for our free guide on how to buy Hilton Metal Forging Limited Stock.
