Hubtown Limited Stock Forecast
Stronger technical forecast for Hubtown Limited stock price after Friday trading.
(Updated on Apr 26, 2024)
The Hubtown Limited stock price gained 4.34% on the last trading day (Friday, 26th Apr 2024), rising from ₹139.40 to ₹145.45. During the last trading day the stock fluctuated 7.61% from a day low at ₹136.00 to a day high of ₹146.35. The price has risen in 6 of the last 10 days and is up by 2.29% 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, 179 thousand more shares were traded than the day before. In total, 227 thousand shares were bought and sold for approximately ₹33.00 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 -7.61% during the next 3 months and, with a 90% probability hold a price between ₹102.49 and ₹146.29 at the end of this 3-month period.
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HUBTOWN.NS Signals & Forecast
The Hubtown 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 ₹136.60 and ₹133.50. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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, April 05, 2024, and so far it has fallen -2.61%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Hubtown Limited stock
Hubtown Limited finds support from accumulated volume at ₹143.90 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 ₹10.35 between high and low, or 7.61%. For the last week, the stock has had daily average volatility of 5.59%.
Our recommended stop-loss: ₹139.06 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (HUBTOWN.NS) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Hubtown Limited to open at ₹142.60, and during the day (based on 14 day Average True Range), to move between ₹137.80 and ₹153.10, which gives a possible trading interval of +/-₹7.65 (+/-5.26%) up or down from last closing price. If Hubtown Limited takes out the full calculated possible swing range there will be an estimated 10.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹143.90 (1.07%) than the resistance at ₹149.10 (2.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hubtown 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 Hold/Accumulate to a Buy candidate.
Current score: 1.342 Buy Candidate Upgraded
Predicted Opening Price for Hubtown Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹142.60 ( 1.96%) | ₹145.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUBTOWN.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 152.95 | 5.16 % | |
| R2 | 149.00 | 2.44 % | ||
| R1 | 146.55 | 0.759 % | ||
| Current price: | 145.45 | |||
| Support | S1 | 138.65 | -4.68 % | |
| S2 | 136.20 | -6.36 % | ||
| S3 | 132.25 | -9.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 167.25 | 14.99 % | |
| R2 | 154.20 | 6.02 % | ||
| R1 | 149.10 | 2.51 % | ||
| Current price | 145.45 | |||
| Support | S1 | 143.90 | -1.07% | |
| S2 | 135.25 | -7.01% | ||
| S3 | 128.85 | -11.41% |
HUBTOWN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 17, 2014 | Sep 17, 2014 | Sep 17, 2014 | ₹1.00 | 0.84% |
| 2 | May 30, 2013 | Sep 19, 2013 | Oct 30, 2013 | ₹1.00 | 0.771% |
| 3 | May 30, 2012 | Sep 12, 2012 | Sep 24, 2012 | ₹1.00 | 0.575% |
| 4 | May 30, 2011 | Jul 28, 2011 | Aug 16, 2011 | ₹2.50 | 1.37% |
| 5 | Aug 09, 2010 | Sep 16, 2010 | Sep 29, 2010 | ₹5.00 | 0.99% |
FAQ
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