BLB Limited Stock Forecast
Green day on Friday for BLB Limited stock after gaining 1.51%
(Updated on May 17, 2024)
The BLB Limited stock price gained 1.51% on the last trading day (Friday, 17th May 2024), rising from ₹19.85 to ₹20.15. During the last trading day the stock fluctuated 3.06% from a day low at ₹19.60 to a day high of ₹20.20. The price has fallen in 6 of the last 10 days and is down by -0.98% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 88 thousand shares were bought and sold for approximately ₹1.77 million.
Given the current short-term trend, the stock is expected to fall -65.70% during the next 3 months and, with a 90% probability hold a price between ₹3.94 and ₹6.91 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BLBLIMITED.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has risen 6.33%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The BLB Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹22.19. On a fall, the stock will find some support from the short-term average at ₹19.97. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for BLB Limited stock
BLB Limited finds support from accumulated volume at ₹19.85 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 ₹0.600 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 4.34%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BLBLIMITED.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect BLB Limited to open at ₹19.98, and during the day (based on 14 day Average True Range), to move between ₹19.05 and ₹21.25, which gives a possible trading interval of +/-₹1.10 (+/-5.44%) up or down from last closing price. If BLB Limited takes out the full calculated possible swing range there will be an estimated 10.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹19.85 (1.49%) than the resistance at ₹20.55 (1.99%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
BLB Limited will release earnings BMO on Saturday, May 25, 2024. We will update the financials statements for BLB Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.10% in the first trading day after earnings release.
Is BLB Limited stock A Buy?
BLB Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.745 Sell Candidate Unchanged
Predicted Opening Price for BLB Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹19.98 ( 0.83%) | ₹20.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BLBLIMITED.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 20.58 | 2.15 % | |
| R2 | 20.35 | 1.01 % | ||
| R1 | 20.21 | 0.310 % | ||
| Current price: | 20.15 | |||
| Support | S1 | 19.75 | -1.96 % | |
| S2 | 19.61 | -2.67 % | ||
| S3 | 19.38 | -3.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.50 | 6.70 % | |
| R2 | 21.00 | 4.22 % | ||
| R1 | 20.55 | 1.99 % | ||
| Current price | 20.15 | |||
| Support | S1 | 19.85 | -1.49% | |
| S2 | 19.75 | -1.99% | ||
| S3 | 19.50 | -3.23% |
BLBLIMITED Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2013 | Jul 19, 2013 | Sep 04, 2013 | ₹0.100 | 3.85% |
| 2 | Aug 28, 2012 | Sep 18, 2012 | Oct 28, 2012 | ₹0.100 | 3.03% |
| 3 | Aug 26, 2011 | Sep 21, 2011 | Oct 30, 2011 | ₹0.100 | 2.99% |
| 4 | Mar 10, 2010 | Mar 19, 2010 | Apr 09, 2010 | ₹0.200 | 1.11% |
| 5 | Aug 01, 2009 | Sep 17, 2009 | Oct 29, 2009 | ₹0.100 | 0.568% |
FAQ
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