Royal Orchid Hotels Limited Stock Forecast
Evaluation of Royal Orchid Hotels Limited stock downgraded after the last trading session.
(Updated on Jun 26, 2024)
The Royal Orchid Hotels Limited stock price fell by -1.93% on the last day (Wednesday, 26th Jun 2024) from ₹363.50 to ₹356.50. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.63% from a day low at ₹355.00 to a day high of ₹375.00. The price has fallen in 6 of the last 10 days and is down by -2.58% for this period. Volume has increased on the last day by 84 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 134 thousand shares were bought and sold for approximately ₹47.81 million.
The stock lies in the middle of a 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 -13.37% during the next 3 months and, with a 90% probability hold a price between ₹262.92 and ₹320.65 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
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Royal Orchid Hotels Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹365.46 and ₹359.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -4.47%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Royal Orchid Hotels Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹332.55 and ₹327.05. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Royal Orchid Hotels Limited finds support just below today's level at ₹332.55. If this is broken, then the next support from accumulated volume will be at ₹327.05 and ₹317.30.
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 ₹20.00 between high and low, or 5.63%. For the last week, the stock has had daily average volatility of 2.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ROHLTD.NS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Royal Orchid Hotels Limited to open at ₹362.17, and during the day (based on 14 day Average True Range), to move between ₹342.87 and ₹370.13, which gives a possible trading interval of +/-₹13.63 (+/-3.82%) 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 7.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹357.15 (0.18%) than the support at ₹332.55 (6.72%), 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 Royal Orchid Hotels Limited stock A Buy?
Royal Orchid Hotels 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. 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: -3.107 Sell Candidate Downgraded
Predicted Opening Price for Royal Orchid Hotels Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹362.17 ( 1.59%) | ₹356.50 |
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 | 382.17 | 7.20% |
| R2 | 374.53 | 5.06% |
| R1 | 369.81 | 3.73% |
| Price | 356.50 | |
| S1 | 354.53 | -0.554% |
| S2 | 349.81 | -1.88% |
| S3 | 342.17 | -4.02% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 421.15 | 18.13% |
| R2 | 416.15 | 16.73% |
| R1 | 357.15 | 0.182% |
| Price | 356.50 | |
| S1 | 332.55 | -6.72% |
| S2 | 327.05 | -8.26% |
| S3 | 317.30 | -11.00% |
ROHLTD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 30, 2024 | Aug 30, 2024 | Oct 23, 2024 | ₹2.50 | 0.701% |
| 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% |
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