BGR Energy Systems Limited Stock Forecast
BGR Energy Systems Limited stock price ended at ₹37.25 on Tuesday, after losing 1.82%.
(Updated on Jun 25, 2024)
The BGR Energy Systems Limited stock price fell by -1.82% on the last day (Tuesday, 25th Jun 2024) from ₹37.94 to ₹37.25. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 0.671% from a day low at ₹37.25 to a day high of ₹37.50. The price has fallen in 8 of the last 10 days and is down by -7.41% for this period. 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 -23 thousand shares and in total, 10 thousand shares were bought and sold for approximately ₹369.00 thousand.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at ₹36.41 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect BGR Energy Systems Limited stock with a 90% probability to be traded between ₹36.69 and ₹45.14 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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BGRENERGY.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 BGR Energy Systems 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 ₹38.31 and ₹40.22. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -16.59%. 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 BGR Energy Systems Limited stock
BGR Energy Systems Limited finds support from accumulated volume at ₹36.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved ₹0.250 between high and low, or 0.671%. For the last week the stock has had daily average volatility of 0.83%.
Our recommended stop-loss: ₹34.91 (-6.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 56 days ago.)
Trading Expectations (BGRENERGY.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect BGR Energy Systems Limited to open at ₹37.33, and during the day (based on 14 day Average True Range), to move between ₹36.33 and ₹38.17, which gives a possible trading interval of +/-₹0.92 (+/-2.47%) up or down from last closing price. If BGR Energy Systems Limited takes out the full calculated possible swing range there will be an estimated 4.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹36.91 (0.91%) than the resistance at ₹38.43 (3.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BGR Energy Systems Limited stock A Buy?
BGR Energy Systems Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.946 Hold/Accumulate Unchanged
Predicted Opening Price for BGR Energy Systems Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹37.33 ( 0.224%) | ₹37.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BGRENERGY.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 37.58 | 0.89% |
| R2 | 37.49 | 0.638% |
| R1 | 37.43 | 0.480% |
| Price | 37.25 | |
| S1 | 37.24 | -0.0327% |
| S2 | 37.18 | -0.191% |
| S3 | 37.08 | -0.447% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.35 | 19.06% |
| R2 | 42.24 | 13.40% |
| R1 | 38.43 | 3.17% |
| Price | 37.25 | |
| S1 | 36.91 | -0.91% |
| S2 | 36.58 | -1.80% |
| S3 | 34.77 | -6.66% |
BGRENERGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2014 | Sep 18, 2014 | Sep 18, 2014 | ₹3.00 | 1.78% |
| 2 | Sep 17, 2013 | Sep 17, 2013 | Sep 17, 2013 | ₹7.00 | 6.39% |
| 3 | Sep 13, 2012 | Sep 13, 2012 | Sep 13, 2012 | ₹7.00 | 2.67% |
| 4 | Sep 15, 2011 | Sep 15, 2011 | Sep 15, 2011 | ₹10.00 | 2.72% |
| 5 | Sep 16, 2010 | Sep 16, 2010 | Sep 16, 2010 | ₹7.00 | 0.87% |
FAQ
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