Royal Orchid Hotels Limited Stock Forecast
Green day on Friday for Royal Orchid Hotels Limited
(Updated on Jun 14, 2024)
The Royal Orchid Hotels Limited stock price gained 0.341% on the last trading day (Friday, 14th Jun 2024), rising from ₹366.90 to ₹368.15. During the last trading day the stock fluctuated 1.75% from a day low at ₹366.60 to a day high of ₹373.00. The price has risen in 6 of the last 10 days and is up by 10.71% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 29 thousand more shares were traded than the day before. In total, 140 thousand shares were bought and sold for approximately ₹51.45 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 -7.62% during the next 3 months and, with a 90% probability hold a price between ₹289.23 and ₹365.73 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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ROHLTD.NS Signals & Forecast
Mostly positive signals in the chart today. The Royal Orchid Hotels Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹360.28 and ₹364.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 16.03%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Royal Orchid Hotels Limited stock
Royal Orchid Hotels Limited finds support from accumulated volume at ₹362.60 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 ₹6.40 between high and low, or 1.75%. For the last week, the stock has had daily average volatility of 3.02%.
Our recommended stop-loss: ₹353.42 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (ROHLTD.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Royal Orchid Hotels Limited to open at ₹369.25, and during the day (based on 14 day Average True Range), to move between ₹352.89 and ₹383.41, which gives a possible trading interval of +/-₹15.26 (+/-4.15%) up or down from last closing price. If Royal Orchid Hotels Limited takes out the full calculated possible swing range there will be an estimated 8.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹362.60 (1.51%) than the resistance at ₹391.30 (6.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Royal Orchid Hotels Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.924 Buy Candidate Unchanged
Predicted Opening Price for Royal Orchid Hotels Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹369.25 ( 0.299%) | ₹368.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ROHLTD.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 375.65 | 2.04% |
| R2 | 373.21 | 1.37% |
| R1 | 371.69 | 0.96% |
| Price | 368.15 | |
| S1 | 366.81 | -0.365% |
| S2 | 365.29 | -0.776% |
| S3 | 362.85 | -1.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 421.15 | 14.40% |
| R2 | 416.15 | 13.04% |
| R1 | 391.30 | 6.29% |
| Price | 368.15 | |
| S1 | 362.60 | -1.51% |
| S2 | 357.15 | -2.99% |
| S3 | 332.55 | -9.67% |
ROHLTD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 30, 2024 | Aug 30, 2024 | Oct 23, 2024 | ₹2.50 | 0.679% |
| 2 | Sep 18, 2023 | Sep 18, 2023 | Sep 18, 2023 | ₹2.00 | 0.680% |
| 3 | May 29, 2019 | Sep 12, 2019 | Sep 25, 2019 | ₹2.00 | 2.26% |
| 4 | May 28, 2018 | Sep 19, 2018 | Oct 01, 2018 | ₹1.50 | 1.30% |
| 5 | Feb 20, 2017 | Mar 02, 2017 | Mar 09, 2017 | ₹1.00 | 1.13% |
FAQ
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