ABC India Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
ABC India Limited stock price ended at ₹112.70 on Tuesday, after losing 0.133%.
(Updated on Jun 25, 2024)
The ABC India Limited stock price fell by -0.133% on the last day (Tuesday, 25th Jun 2024) from ₹112.85 to ₹112.70. During the last trading day the stock fluctuated 4.01% from a day low at ₹112.30 to a day high of ₹116.80. The price has been going up and down for this period, and there has been a 0.63% gain for the last 2 weeks. Volume has increased on the last day by 250 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, 2 thousand shares were bought and sold for approximately ₹221.34 thousand.
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 -4.71% during the next 3 months and, with a 90% probability hold a price between ₹99.39 and ₹112.07 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ABCINDQ.BO 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 ABC India 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 ₹113.18 and ₹114.78. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, June 21, 2024, and so far it has fallen -4.33%. Further fall is indicated until a new bottom pivot has been found. ABC India Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for ABC India Limited stock
ABC India Limited finds support from accumulated volume at ₹112.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹4.50 (4.01%) between high and low. For the last week, the stock has had daily average volatility of 4.47%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ABCINDQ.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect ABC India Limited to open at ₹113.93, and during the day (based on 14 day Average True Range), to move between ₹107.26 and ₹118.14, which gives a possible trading interval of +/-₹5.44 (+/-4.83%) up or down from last closing price. If ABC India Limited takes out the full calculated possible swing range there will be an estimated 9.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹112.40 (0.27%) than the resistance at ₹114.50 (1.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ABC India Limited stock A Buy?
ABC India 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: -3.531 Sell Candidate Unchanged
Predicted Opening Price for ABC India Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹113.93 ( 1.09%) | ₹112.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABCINDQ.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 118.43 | 5.09% |
| R2 | 116.71 | 3.56% |
| R1 | 115.65 | 2.62% |
| Price | 112.70 | |
| S1 | 112.21 | -0.431% |
| S2 | 111.15 | -1.37% |
| S3 | 109.43 | -2.90% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 119.35 | 5.90% |
| R2 | 115.95 | 2.88% |
| R1 | 114.50 | 1.60% |
| Price | 112.70 | |
| S1 | 112.40 | -0.266% |
| S2 | 111.55 | -1.02% |
| S3 | 111.30 | -1.24% |
ABCINDQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2023 | Sep 18, 2023 | Oct 25, 2023 | ₹0.500 | 0% |
| 2 | Sep 21, 2022 | Sep 21, 2022 | Oct 28, 2022 | ₹0.500 | 0% |
| 3 | Sep 16, 2021 | Sep 16, 2021 | Oct 24, 2021 | ₹0.500 | 0% |
| 4 | Sep 11, 2014 | Sep 11, 2014 | Sep 11, 2014 | ₹1.00 | 0% |
| 5 | Sep 12, 2013 | Sep 12, 2013 | Sep 12, 2013 | ₹1.50 | 0% |
FAQ
Click here for our free guide on how to buy ABC India Limited Stock.
