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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BBOX.BO
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BLACK BOX LIMITED stock price down 4.11% on Thursday
(Updated on May 02, 2024)

Sell candidate since Apr 19, 2024 Loss -14.48% PDF

The BLACK BOX LIMITED stock price fell by -4.11% on the last day (Thursday, 2nd May 2024) from ₹239.90 to ₹230.05. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 6.50% from a day low at ₹228.60 to a day high of ₹243.45. The price has fallen in 9 of the last 10 days and is down by -16.13% for this period. Volume has increased on the last day by 7 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, 21 thousand shares were bought and sold for approximately ₹4.91 million.

The stock lies in the middle of a very 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 -8.84% during the next 3 months and, with a 90% probability hold a price between ₹188.61 and ₹250.15 at the end of this 3-month period.

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BBOX.BO Signals & Forecast

There are few to no technical positive signals at the moment. The BLACK BOX 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 ₹245.37 and ₹247.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -17.87%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for BLACK BOX LIMITED stock

BLACK BOX LIMITED finds support from accumulated volume at ₹229.70 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹14.85 between high and low, or 6.50%. For the last week, the stock has had daily average volatility of 5.24%.

BLACK BOX LIMITED is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (BBOX.BO) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect BLACK BOX LIMITED to open at ₹234.03, and during the day (based on 14 day Average True Range), to move between ₹217.23 and ₹242.87, which gives a possible trading interval of +/-₹12.82 (+/-5.57%) up or down from last closing price. If BLACK BOX LIMITED takes out the full calculated possible swing range there will be an estimated 11.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹229.70 (0.15%) than the resistance at ₹256.25 (11.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is BLACK BOX LIMITED stock A Buy?

BLACK BOX 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: -5.610 Strong Sell Candidate Unchanged

Predicted Opening Price for BLACK BOX LIMITED of Friday, May 3, 2024

Fair opening price May 3, 2024 Current price
₹234.03 ( 1.73%) ₹230.05

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

Trading levels for BBOX.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 248.88 8.19 %
R2 243.21 5.72 %
R1 239.71 4.20 %
Current price: 230.05
Support S1 228.36 -0.734 %
S2 224.86 -2.26 %
S3 219.18 -4.72 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 283.80 23.36 %
R2 277.25 20.52 %
R1 256.25 11.39 %
Current price 230.05
Support S1 229.70 -0.152%
S2 228.10 -0.85%
S3 225.50 -1.98%

BBOX Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 16, 2012 Jul 16, 2012 Jul 16, 2012 ₹15.00 59.59%
2 Jul 08, 2011 Jul 08, 2011 Jul 08, 2011 ₹2.25 13.64%
3 Nov 29, 2010 Nov 29, 2010 Nov 29, 2010 ₹4.50 19.45%
4 Jan 04, 2010 Jan 04, 2010 Jan 04, 2010 ₹3.50 18.41%
5 Jan 02, 2009 Jan 02, 2009 Jan 02, 2009 ₹3.50 38.59%

FAQ

What is the symbol for BLACK BOX LIMITED Stock and on which exchange is it traded?
The symbol for BLACK BOX LIMITED is BBOX.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell BLACK BOX LIMITED Stock?
BLACK BOX 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.

How to buy BLACK BOX LIMITED Stock?
BLACK BOX 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 BLACK BOX LIMITED Stock.

What's the current price of BLACK BOX LIMITED Stock?
As of the end of day on the May 02, 2024, the price of an BLACK BOX LIMITED (BBOX.BO) share was ₹230.05.

What is the 52-week high and low for BLACK BOX LIMITED Stock?
The 52-week high for BLACK BOX LIMITED Stock is ₹309.00 and the 52-week low is ₹120.15.

What is the market capitalization of BLACK BOX LIMITED Stock?
As of the May 02, 2024, the market capitalization of BLACK BOX LIMITED is 40.309B.

When is the next earnings date for BLACK BOX LIMITED?
The upcoming earnings date for BLACK BOX LIMITED is May 28, 2024.
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