PPAP Automotive Limited Stock Forecast
Green day on Friday for PPAP Automotive Limited
(Updated on May 17, 2024)
The PPAP Automotive Limited stock price gained 0.314% on the last trading day (Friday, 17th May 2024), rising from ₹190.95 to ₹191.55. During the last trading day the stock fluctuated 3.60% from a day low at ₹187.60 to a day high of ₹194.35. The price has fallen in 6 of the last 10 days and is down by -4.68% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately ₹2.32 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect PPAP Automotive Limited stock with a 90% probability to be traded between ₹168.61 and ₹207.45 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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PPAP.NS Signals & Forecast
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. The PPAP Automotive 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 ₹192.82 and ₹199.86. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 22, 2024, and so far it has fallen -9.99%. 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 PPAP Automotive Limited stock
PPAP Automotive Limited finds support from accumulated volume at ₹191.45 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 ₹6.75 between high and low, or 3.60%. For the last week, the stock has had daily average volatility of 4.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PPAP.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect PPAP Automotive Limited to open at ₹191.17, and during the day (based on 14 day Average True Range), to move between ₹184.00 and ₹199.10, which gives a possible trading interval of +/-₹7.55 (+/-3.94%) up or down from last closing price. If PPAP Automotive Limited takes out the full calculated possible swing range there will be an estimated 7.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹191.45 (0.05%) than the resistance at ₹200.90 (4.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PPAP Automotive Limited stock A Buy?
PPAP Automotive Limited holds several negative signals and is within a 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.
Current score: -3.691 Sell Candidate Unchanged
Predicted Opening Price for PPAP Automotive Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹191.17 ( 0.200%) | ₹191.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PPAP.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 197.92 | 3.32 % | |
| R2 | 195.34 | 1.98 % | ||
| R1 | 193.75 | 1.15 % | ||
| Current price: | 191.55 | |||
| Support | S1 | 188.59 | -1.55 % | |
| S2 | 187.00 | -2.38 % | ||
| S3 | 184.42 | -3.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 212.80 | 11.09 % | |
| R2 | 202.85 | 5.90 % | ||
| R1 | 200.90 | 4.88 % | ||
| Current price | 191.55 | |||
| Support | S1 | 191.45 | -0.0522% | |
| S2 | 186.20 | -2.79% | ||
| S3 | 174.30 | -9.01% |
PPAP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 18, 2022 | Nov 18, 2022 | Nov 18, 2022 | ₹1.00 | 0.522% |
| 2 | Sep 08, 2022 | Sep 08, 2022 | Sep 08, 2022 | ₹1.50 | 0.631% |
| 3 | Aug 26, 2021 | Aug 26, 2021 | Aug 26, 2021 | ₹1.00 | 0.405% |
| 4 | Mar 13, 2020 | Mar 24, 2020 | Mar 30, 2020 | ₹2.00 | 1.46% |
| 5 | Oct 22, 2019 | Nov 04, 2019 | Nov 11, 2019 | ₹1.00 | 0.568% |
FAQ
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