Hubtown Limited Stock Forecast
Hubtown Limited stock downgraded from Sell Candidate to Strong Sell Candidate after Monday trading session.
(Updated on May 06, 2024)
The Hubtown Limited stock price fell by -0.340% on the last day (Monday, 6th May 2024) from ₹132.25 to ₹131.80. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 7.40% from a day low at ₹125.65 to a day high of ₹134.95. The price has fallen in 6 of the last 10 days and is down by -1.35% for this period. Volume has increased on the last day by 144 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, 287 thousand shares were bought and sold for approximately ₹37.87 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 -8.53% during the next 3 months and, with a 90% probability hold a price between ₹99.49 and ₹142.41 at the end of this 3-month period.
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HUBTOWN.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Hubtown 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 ₹139.24 and ₹134.85. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -9.38%. 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). 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 Hubtown Limited stock
Hubtown Limited finds support from accumulated volume at ₹127.25 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 ₹9.30 between high and low, or 7.40%. For the last week, the stock has had daily average volatility of 4.66%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HUBTOWN.NS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Hubtown Limited to open at ₹130.80, and during the day (based on 14 day Average True Range), to move between ₹124.46 and ₹139.14, which gives a possible trading interval of +/-₹7.34 (+/-5.57%) up or down from last closing price. If Hubtown Limited takes out the full calculated possible swing range there will be an estimated 11.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹127.25 (3.45%) than the resistance at ₹146.50 (11.15%), 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?
Hubtown Limited holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.579 Strong Sell Candidate Downgraded
Predicted Opening Price for Hubtown Limited of Tuesday, May 7, 2024
Fair opening price May 7, 2024 | Current price |
---|---|
₹130.80 ( 0.759%) | ₹131.80 |
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 | 140.10 | 6.30 % | |
R2 | 136.55 | 3.60 % | ||
R1 | 134.35 | 1.94 % | ||
Current price: | 131.80 | |||
Support | S1 | 127.25 | -3.45 % | |
S2 | 125.05 | -5.12 % | ||
S3 | 121.50 | -7.81 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 157.05 | 19.16 % | |
R2 | 154.20 | 17.00 % | ||
R1 | 146.50 | 11.15 % | ||
Current price | 131.80 | |||
Support | S1 | 127.25 | -3.45% | |
S2 | 122.65 | -6.94% | ||
S3 | 116.55 | -11.57% |
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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