B.A.G. Films and Media 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
B.A.G. Films and Media Limited stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 25, 2024)
The B.A.G. Films and Media Limited stock price fell by -0.112% on the last day (Tuesday, 25th Jun 2024) from ₹8.94 to ₹8.93. During the last trading day the stock fluctuated 8.14% from a day low at ₹8.60 to a day high of ₹9.30. The price has fallen in 6 of the last 10 days but is still up by 5.06% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -5 thousand shares and in total, 25 thousand shares were bought and sold for approximately ₹226.42 thousand.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect B.A.G. Films and Media Limited stock with a 90% probability to be traded between ₹7.62 and ₹10.00 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BAGFILMS.BO Signals & Forecast
The B.A.G. Films and Media 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 ₹9.16. On a fall, the stock will find some support from the long-term average at approximately ₹8.68. 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. 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. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -5.20%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for B.A.G. Films and Media Limited stock
B.A.G. Films and Media Limited finds support from accumulated volume at ₹8.86 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.700 between high and low, or 8.14%. For the last week the stock has had daily average volatility of 4.92%.
Our recommended stop-loss: ₹8.52 (-4.64%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (BAGFILMS.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect B.A.G. Films and Media Limited to open at ₹8.94, and during the day (based on 14 day Average True Range), to move between ₹8.45 and ₹9.41, which gives a possible trading interval of +/-₹0.476 (+/-5.33%) up or down from last closing price. If B.A.G. Films and Media Limited takes out the full calculated possible swing range there will be an estimated 10.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹8.95 (0.22%) than the support at ₹8.86 (0.78%), 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 B.A.G. Films and Media Limited stock A Buy?
B.A.G. Films and Media Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.185 Hold/Accumulate Upgraded
Predicted Opening Price for B.A.G. Films and Media Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹8.94 ( 0.149%) | ₹8.93 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BAGFILMS.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.64 | 7.99% |
| R2 | 9.38 | 4.99% |
| R1 | 9.21 | 3.14% |
| Price | 8.93 | |
| S1 | 8.68 | -2.85% |
| S2 | 8.51 | -4.70% |
| S3 | 8.24 | -7.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.87 | 10.53% |
| R2 | 9.34 | 4.59% |
| R1 | 8.95 | 0.224% |
| Price | 8.93 | |
| S1 | 8.86 | -0.784% |
| S2 | 8.60 | -3.70% |
| S3 | 8.48 | -5.04% |
BAGFILMS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 08, 2008 | Aug 08, 2008 | Aug 08, 2008 | ₹0.200 | 0.603% |
| 2 | Aug 16, 2007 | Aug 16, 2007 | Aug 16, 2007 | ₹0.200 | 0.418% |
| 3 | Sep 14, 2006 | Sep 14, 2006 | Sep 14, 2006 | ₹0.200 | 2.17% |
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