Hindusthan Urban Infrastructure Limited Stock Forecast

Hindusthan Urban Infrastructure Limited stock downgraded to Sell Candidate
(Updated on May 17, 2024)

HUIL.BO Signals & Forecast

There are few to no technical positive signals at the moment. The Hindusthan Urban Infrastructure Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹2,447.67 and ₹2,502.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 18, 2024, and so far it has fallen -13.09%. 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). Hindusthan Urban Infrastructure Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Hindusthan Urban Infrastructure Limited stock

Hindusthan Urban Infrastructure Limited finds support from accumulated volume at ₹2,306.70 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 ₹133.95 between high and low, or 5.66%. For the last week, the stock has had daily average volatility of 4.52%.

Hindusthan Urban Infrastructure Limited is oversold on RSI14 (7). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (HUIL.BO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Hindusthan Urban Infrastructure Limited to open at ₹2,418.98, and during the day (based on 14 day Average True Range), to move between ₹2,265.37 and ₹2,516.63, which gives a possible trading interval of +/-₹125.63 (+/-5.25%) up or down from last closing price. If Hindusthan Urban Infrastructure Limited takes out the full calculated possible swing range there will be an estimated 10.51% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹2,461.45 (2.95%) than the support at ₹2,306.70 (3.53%), 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 Hindusthan Urban Infrastructure Limited stock A Buy?

The Hindusthan Urban Infrastructure Limited stock holds several negative signals and despite the positive trend, we believe Hindusthan Urban Infrastructure Limited will perform weakly in the next couple of days or weeks. Therefore, we 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 Hold/Accumulate to a Sell candidate.

Current score: -2.496 Sell Candidate Downgraded

Predicted Opening Price for Hindusthan Urban Infrastructure Limited of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.