Honeywell Automation India Limited Stock Forecast
Honeywell Automation India Limited stock price ended at ₹57,392.70 on Wednesday, after losing 0.88%.
(Updated on Jun 26, 2024)
The Honeywell Automation India Limited stock price fell by -0.88% on the last day (Wednesday, 26th Jun 2024) from ₹57,904.10 to ₹57,392.70. During the last trading day the stock fluctuated 5.23% from a day low at ₹57,011.15 to a day high of ₹59,994.00. The price has risen in 7 of the last 10 days and is up by 7.48% over the past 2 weeks. Volume has increased on the last day by 15 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 23 thousand shares were bought and sold for approximately ₹1.34 billion.
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 41.98% during the next 3 months and, with a 90% probability hold a price between ₹74,803.28 and ₹85,084.09 at the end of this 3-month period.
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HONAUT.NS Signals & Forecast
The Honeywell Automation India 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 ₹56,517.49 and ₹52,497.46. A breakdown below any of these levels will issue sell signals. 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 14, 2024, and so far it has fallen -0.92%. 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 Honeywell Automation India Limited stock
Honeywell Automation India Limited finds support from accumulated volume at ₹55,737.50 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 ₹2,982.85 between high and low, or 5.23%. For the last week, the stock has had daily average volatility of 3.62%.
Our recommended stop-loss: ₹55,904.96 (-2.59%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (HONAUT.NS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Honeywell Automation India Limited to open at ₹58,132.62, and during the day (based on 14 day Average True Range), to move between ₹55,146.15 and ₹59,639.25, which gives a possible trading interval of +/-₹2,246.55 (+/-3.91%) up or down from last closing price. If Honeywell Automation India Limited takes out the full calculated possible swing range there will be an estimated 7.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹57,904.10 (0.89%) than the support at ₹55,737.50 (2.88%), 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 Honeywell Automation India 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 Honeywell Automation India Limited stock to perform well in the short-term.
Current score: 1.981 Buy Candidate Unchanged
Predicted Opening Price for Honeywell Automation India Limited of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
₹58,132.62 ( 1.29%) | ₹57,392.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HONAUT.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 61,115.47 | 6.49% |
R2 | 59,976.02 | 4.50% |
R1 | 59,272.07 | 3.27% |
Price | 57,392.70 | |
S1 | 56,993.17 | -0.696% |
S2 | 56,289.22 | -1.92% |
S3 | 55,149.77 | -3.91% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 57,926.80 | 0.93% |
R1 | 57,904.10 | 0.89% |
Price | 57,392.70 | |
S1 | 55,737.50 | -2.88% |
S2 | 54,515.00 | -5.01% |
S3 | 53,287.65 | -7.15% |
HONAUT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 24, 2024 | Jul 24, 2024 | Aug 01, 2024 | ₹100.00 | 0.175% |
2 | Aug 03, 2023 | Aug 03, 2023 | Aug 03, 2023 | ₹95.00 | 0.225% |
3 | Aug 08, 2022 | Aug 08, 2022 | Aug 08, 2022 | ₹90.00 | 0.222% |
4 | Aug 10, 2021 | Aug 10, 2021 | Aug 10, 2021 | ₹85.00 | 0.208% |
5 | May 22, 2020 | Aug 10, 2020 | Sep 11, 2020 | ₹75.00 | 0.230% |
FAQ
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