Orient Bell Limited Stock Forecast
Orient Bell Limited stock upgraded to Buy Candidate.
(Updated on Jun 14, 2024)
The Orient Bell Limited stock price fell by -0.745% on the last day (Friday, 14th Jun 2024) from ₹362.20 to ₹359.50. During the last trading day the stock fluctuated 4.80% from a day low at ₹354.95 to a day high of ₹372.00. The price has risen in 7 of the last 10 days but is still down by -0.11% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -1 thousand shares and in total, 676 shares were bought and sold for approximately ₹243.02 thousand.
The stock lies in the middle of a wide and weak 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 5.49% during the next 3 months and, with a 90% probability hold a price between ₹352.77 and ₹426.34 at the end of this 3-month period.
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ORIENTBELL.BO Signals & Forecast
The Orient Bell 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 ₹361.74 and ₹368.60. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 8.45%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Orient Bell Limited stock
Orient Bell Limited finds support from accumulated volume at ₹353.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹17.05 between high and low, or 4.80%. For the last week the stock has had daily average volatility of 3.40%.
Our recommended stop-loss: ₹344.54 (-4.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (ORIENTBELL.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Orient Bell Limited to open at ₹362.15, and during the day (based on 14 day Average True Range), to move between ₹344.34 and ₹374.66, which gives a possible trading interval of +/-₹15.16 (+/-4.22%) up or down from last closing price. If Orient Bell Limited takes out the full calculated possible swing range there will be an estimated 8.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹353.00 (1.81%) than the resistance at ₹379.80 (5.65%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Orient Bell Limited stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.633 Buy Candidate Upgraded
Predicted Opening Price for Orient Bell Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹362.15 ( 0.737%) | ₹359.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ORIENTBELL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 379.20 | 5.48% |
| R2 | 372.69 | 3.67% |
| R1 | 368.66 | 2.55% |
| Price | 359.50 | |
| S1 | 355.64 | -1.07% |
| S2 | 351.61 | -2.19% |
| S3 | 345.10 | -4.01% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 391.80 | 8.98% |
| R2 | 388.20 | 7.98% |
| R1 | 379.80 | 5.65% |
| Price | 359.50 | |
| S1 | 353.00 | -1.81% |
| S2 | 331.50 | -7.79% |
| S3 | 323.65 | -9.97% |
ORIENTBELL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 18, 2023 | Jul 18, 2023 | Aug 24, 2023 | ₹1.00 | 0.211% |
| 2 | Jul 13, 2022 | Jul 13, 2022 | Aug 20, 2022 | ₹1.00 | 0.161% |
| 3 | Sep 13, 2017 | Sep 13, 2017 | Oct 22, 2017 | ₹0.500 | 0.161% |
| 4 | Sep 06, 2016 | Sep 06, 2016 | Sep 06, 2016 | ₹0.500 | 0.314% |
| 5 | Sep 23, 2015 | Sep 23, 2015 | Sep 23, 2015 | ₹0.500 | 0.421% |
FAQ
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