Bang Overseas Limited Stock Forecast

Red day on Friday for Bang Overseas Limited stock after losing 1.23%
(Updated on May 10, 2024)

BANG.NS Signals & Forecast

There are few to no technical positive signals at the moment. The Bang Overseas 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 ₹49.33 and ₹49.44. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -14.20%. 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). 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Bang Overseas Limited stock

Bang Overseas Limited finds support from accumulated volume at ₹47.30 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 ₹1.10 between high and low, or 2.29%. For the last week the stock has had daily average volatility of 3.17%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BANG.NS) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Bang Overseas Limited to open at ₹48.42, and during the day (based on 14 day Average True Range), to move between ₹45.96 and ₹50.14, which gives a possible trading interval of +/-₹2.09 (+/-4.35%) up or down from last closing price. If Bang Overseas Limited takes out the full calculated possible swing range there will be an estimated 8.71% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹47.30 (1.56%) than the resistance at ₹55.20 (14.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bang Overseas Limited stock A Buy?

Bang Overseas Limited holds several negative signals and is within a very 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: -2.146 Sell Candidate Unchanged

Predicted Opening Price for Bang Overseas Limited of Monday, May 13, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.