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RSI low/high Values: [ 20 - 75 ]
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AI Analysis of BAYERCROP.BO
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Red day on Friday for Bayer CropScience Limited stock after losing 0.441%
(Updated on Jun 14, 2024)

Buy or Hold candidate since May 31, 2024 Gain 22.09% PDF

The Bayer CropScience Limited stock price fell by -0.441% on the last day (Friday, 14th Jun 2024) from ₹6,139.70 to ₹6,112.60. During the last trading day the stock fluctuated 3.18% from a day low at ₹5,979.95 to a day high of ₹6,170.00. The price has risen in 8 of the last 10 days and is up by 22.09% over the past 2 weeks. Volume has increased on the last day by 1 thousand 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 ₹10.71 million.

The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹6,146.35 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.70% during the next 3 months and, with a 90% probability hold a price between ₹5,421.54 and ₹6,558.16 at the end of this 3-month period.

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BAYERCROP.BO Signals & Forecast

The Bayer CropScience Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹5,927.03 and ₹5,461.25. A breakdown below any of these levels will issue sell signals. 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, June 13, 2024, and so far it has fallen -0.441%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Bayer CropScience Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹5,519.80 and ₹5,429.15. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bayer CropScience Limited finds support just below today's level at ₹5,519.80. If this is broken, then the next support from accumulated volume will be at ₹5,429.15 and ₹4,989.15.

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 ₹190.05 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 3.72%.

The Bayer CropScience Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: ₹5,959.14 (-2.51%) (This stock has high daily movements and this gives high risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 12 days ago.)

Trading Expectations (BAYERCROP.BO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Bayer CropScience Limited to open at ₹6,087.52, and during the day (based on 14 day Average True Range), to move between ₹5,918.69 and ₹6,306.51, which gives a possible trading interval of +/-₹193.91 (+/-3.17%) up or down from last closing price. If Bayer CropScience Limited takes out the full calculated possible swing range there will be an estimated 6.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹6,139.70 (0.44%) than the support at ₹5,519.80 (9.70%), 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 Bayer CropScience Limited stock A Buy?

Bayer CropScience 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.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Bayer CropScience Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹6,087.52 ( 0.410%) ₹6,112.60

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

Trading levels for BAYERCROP.BO

Fibonacci Support & Resistance Levels

Level Price
R3 6,277.57 2.70%
R2 6,204.97 1.51%
R1 6,160.12 0.777%
Price 6,112.60
S1 6,014.92 -1.60%
S2 5,970.07 -2.33%
S3 5,897.47 -3.52%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 6,139.70 0.443%
Price 6,112.60
S1 5,519.80 -9.70%
S2 5,429.15 -11.18%
S3 4,989.15 -18.38%

BAYERCROP Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 16, 2023 Nov 16, 2023 Nov 16, 2023 ₹105.00 1.92%
2 Aug 04, 2023 Aug 04, 2023 Sep 16, 2023 ₹30.00 0.582%
3 Nov 17, 2022 Nov 17, 2022 Sep 21, 2022 ₹100.00 2.06%
4 Aug 07, 2017 Aug 07, 2017 Sep 22, 2017 ₹17.00 0.426%
5 Aug 29, 2016 Aug 29, 2016 Aug 29, 2016 ₹17.00 0.428%

FAQ

What is the symbol for Bayer CropScience Limited Stock and on which exchange is it traded?
The symbol for Bayer CropScience Limited is BAYERCROP.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Bayer CropScience Limited Stock?
Bayer CropScience 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.

How to buy Bayer CropScience Limited Stock?
Bayer CropScience Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Bayer CropScience Limited Stock.

What's the current price of Bayer CropScience Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Bayer CropScience Limited (BAYERCROP.BO) share was ₹6,112.60.

What is the 52-week high and low for Bayer CropScience Limited Stock?
The 52-week high for Bayer CropScience Limited Stock is ₹6,202.00 and the 52-week low is ₹4,144.00.

What is the market capitalization of Bayer CropScience Limited Stock?
As of the Jun 14, 2024, the market capitalization of Bayer CropScience Limited is 274.713B.

When is the next earnings date for Bayer CropScience Limited?
The upcoming earnings date for Bayer CropScience Limited is Aug 05, 2024.
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