Voltas Limited Stock Forecast
Voltas Limited stock price ended at ₹1,450.05 on Tuesday, after gaining 0.402%.
(Updated on Jul 02, 2024)
The Voltas Limited stock price gained 0.402% on the last trading day (Tuesday, 2nd Jul 2024), rising from ₹1,444.25 to ₹1,450.05. During the last trading day the stock fluctuated 2.79% from a day low at ₹1,416.50 to a day high of ₹1,456.00. The price has been going up and down for this period, and there has been a -5.6% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 400 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately ₹1.82 billion.
The stock lies in the middle of a wide and strong 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 13.21% during the next 3 months and, with a 90% probability hold a price between ₹1,571.97 and ₹1,829.65 at the end of this 3-month period.
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VOLTAS.NS Signals & Forecast
The Voltas Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹1,483.15. On a fall, the stock will find some support from the long-term average at approximately ₹1,415.64. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -5.60%. 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 Voltas Limited stock
Voltas Limited finds support from accumulated volume at ₹1,383.15 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 ₹39.50 between high and low, or 2.79%. For the last week, the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: ₹1,363.83 (-5.95%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (VOLTAS.NS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Voltas Limited to open at ₹1,440.85, and during the day (based on 14 day Average True Range), to move between ₹1,405.18 and ₹1,494.92, which gives a possible trading interval of +/-₹44.87 (+/-3.09%) up or down from last closing price. If Voltas Limited takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,482.65 (2.25%) than the support at ₹1,383.15 (4.61%), 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 Voltas 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 Voltas Limited stock to perform well in the short-term.
Current score: 4.393 Buy Candidate Unchanged
Predicted Opening Price for Voltas Limited of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| ₹1,440.85 ( 0.634%) | ₹1,450.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOLTAS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,480.35 | 2.09% |
| R2 | 1,465.26 | 1.05% |
| R1 | 1,455.94 | 0.406% |
| Price | 1,450.05 | |
| S1 | 1,425.76 | -1.68% |
| S2 | 1,416.44 | -2.32% |
| S3 | 1,401.35 | -3.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,536.15 | 5.94% |
| R2 | 1,512.60 | 4.31% |
| R1 | 1,482.65 | 2.25% |
| Price | 1,450.05 | |
| S1 | 1,383.15 | -4.61% |
| S2 | 1,318.80 | -9.05% |
| S3 | 1,306.85 | -9.88% |
VOLTAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 25, 2024 | Jun 25, 2024 | Jul 15, 2024 | ₹5.50 | 0.379% |
| 2 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | ₹4.25 | 0.546% |
| 3 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | ₹4.25 | 0.528% |
| 4 | Jun 09, 2022 | Jun 09, 2022 | Jun 09, 2022 | ₹5.50 | 0.550% |
| 5 | Aug 12, 2021 | Aug 12, 2021 | Aug 12, 2021 | ₹5.00 | 0.507% |
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