Yatra Online Inc Stock Forecast
Yatra Online Inc stock price up 2.08% on Tuesday
(Updated on May 07, 2024)
The Yatra Online Inc stock price gained 2.08% on the last trading day (Tuesday, 7th May 2024), rising from $1.44 to $1.47. During the last trading day the stock fluctuated 6.21% from a day low at $1.45 to a day high of $1.54. The price has risen in 5 of the last 10 days and is up by 13.95% 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, 58 thousand more shares were traded than the day before. In total, 192 thousand shares were bought and sold for approximately $281.70 thousand.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $1.46, a level that may pose a second chance to hit a runner. According to fan-theory $1.70 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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YTRA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Yatra Online Inc has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Yatra Online Inc stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $1.48. On a fall, the stock will find some support from the short-term average at $1.45. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Yatra Online Inc stock
Yatra Online Inc finds support from accumulated volume at $1.44 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0900 between high and low, or 6.21%. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YTRA) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Yatra Online Inc to open at $1.49, and during the day (based on 14 day Average True Range), to move between $1.40 and $1.54, which gives a possible trading interval of +/-$0.0728 (+/-4.95%) up or down from last closing price. If Yatra Online Inc takes out the full calculated possible swing range there will be an estimated 9.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $1.44 (2.04%) than the resistance at $1.59 (8.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yatra Online Inc stock A Buy?
Yatra Online Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.682 Sell Candidate Unchanged
Predicted Opening Price for Yatra Online Inc of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $1.49 ( 1.13%) | $1.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YTRA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.58 | 7.26 % | |
| R2 | 1.54 | 4.92 % | ||
| R1 | 1.52 | 3.47 % | ||
| Current price: | 1.47 | |||
| Support | S1 | 1.45 | -1.20 % | |
| S2 | 1.43 | -2.65 % | ||
| S3 | 1.40 | -4.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.63 | 10.88 % | |
| R2 | 1.61 | 9.52 % | ||
| R1 | 1.59 | 8.16 % | ||
| Current price | 1.47 | |||
| Support | S1 | 1.44 | -2.04% | |
| S2 | 1.29 | -12.24% | ||
| S3 | 1.25 | -14.97% |
FAQ
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