Oriental Hotels Limited Stock Forecast
Oriental Hotels Limited stock upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Oriental Hotels Limited stock price fell by -1.27% on the last day (Wednesday, 26th Jun 2024) from ₹139.35 to ₹137.58. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.18% from a day low at ₹137.00 to a day high of ₹139.99. The price has fallen in 6 of the last 10 days and is down by -1.52% 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 -49 thousand shares and in total, 127 thousand shares were bought and sold for approximately ₹17.49 million.
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 7.53% during the next 3 months and, with a 90% probability hold a price between ₹139.83 and ₹168.34 at the end of this 3-month period.
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ORIENTHOT.NS Signals & Forecast
There are mixed signals in the stock today. The Oriental Hotels 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 ₹140.41 and ₹140.62. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 8.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Oriental Hotels Limited stock
Oriental Hotels Limited finds support from accumulated volume at ₹136.05 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 ₹2.99 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 2.59%.
Our recommended stop-loss: ₹132.35 (-3.80%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (ORIENTHOT.NS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Oriental Hotels Limited to open at ₹138.19, and during the day (based on 14 day Average True Range), to move between ₹132.49 and ₹142.67, which gives a possible trading interval of +/-₹5.09 (+/-3.70%) up or down from last closing price. If Oriental Hotels Limited takes out the full calculated possible swing range there will be an estimated 7.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹137.85 (0.20%) than the support at ₹136.05 (1.11%), 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 Oriental Hotels 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 Oriental Hotels Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.949 Buy Candidate Upgraded
Predicted Opening Price for Oriental Hotels Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹138.19 ( 0.443%) | ₹137.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ORIENTHOT.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 141.18 | 2.62% |
| R2 | 140.04 | 1.79% |
| R1 | 139.33 | 1.27% |
| Price | 137.58 | |
| S1 | 137.05 | -0.387% |
| S2 | 136.34 | -0.90% |
| S3 | 135.20 | -1.73% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 150.00 | 9.03% |
| R2 | 145.70 | 5.90% |
| R1 | 137.85 | 0.196% |
| Price | 137.58 | |
| S1 | 136.05 | -1.11% |
| S2 | 134.30 | -2.38% |
| S3 | 133.20 | -3.18% |
ORIENTHOT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 11, 2024 | Jul 11, 2024 | Aug 17, 2024 | ₹0.500 | 0.363% |
| 2 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | ₹0.500 | 0.573% |
| 3 | Jun 03, 2020 | Jul 20, 2020 | Aug 27, 2020 | ₹0.200 | 0.88% |
| 4 | Apr 25, 2019 | Jul 15, 2019 | Aug 22, 2019 | ₹0.500 | 1.32% |
| 5 | May 12, 2016 | Jul 15, 2016 | Aug 24, 2016 | ₹0.200 | 0.83% |
FAQ
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