Ceinsys Tech Limited Stock Forecast
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:
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
Green day on Friday for Ceinsys Tech Limited
(Updated on Jun 21, 2024)
The Ceinsys Tech Limited stock price gained 0.0803% on the last trading day (Friday, 21st Jun 2024), rising from ₹498.30 to ₹498.70. During the last trading day the stock fluctuated 4.93% from a day low at ₹490.00 to a day high of ₹514.15. The price has risen in 8 of the last 10 days and is up by 18.39% over the past 2 weeks. Volume fell on the last day by -44 thousand shares and in total, 43 thousand shares were bought and sold for approximately ₹21.29 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -25.23% during the next 3 months and, with a 90% probability hold a price between ₹273.92 and ₹400.33 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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CEINSYSTECH.BO Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ceinsys Tech 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 ₹506.31 and ₹508.07. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -8.48%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ceinsys Tech Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹468.40 and ₹464.40. 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, Ceinsys Tech Limited finds support just below today's level at ₹468.40. If this is broken, then the next support from accumulated volume will be at ₹464.40 and ₹401.20.
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 ₹24.15 between high and low, or 4.93%. For the last week, the stock has had daily average volatility of 5.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CEINSYSTECH.BO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Ceinsys Tech Limited to open at ₹500.95, and during the day (based on 14 day Average True Range), to move between ₹470.29 and ₹527.11, which gives a possible trading interval of +/-₹28.41 (+/-5.70%) up or down from last closing price. If Ceinsys Tech Limited takes out the full calculated possible swing range there will be an estimated 11.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹505.00 (1.26%) than the support at ₹468.40 (6.08%), 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 Ceinsys Tech Limited stock A Buy?
Ceinsys Tech 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: -4.602 Sell Candidate Unchanged
Predicted Opening Price for Ceinsys Tech Limited of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹500.95 ( 0.451%) | ₹498.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CEINSYSTECH.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 525.10 | 5.29% |
| R2 | 515.87 | 3.44% |
| R1 | 510.18 | 2.30% |
| Price | 498.70 | |
| S1 | 491.72 | -1.40% |
| S2 | 486.03 | -2.54% |
| S3 | 476.80 | -4.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 570.35 | 14.37% |
| R2 | 544.90 | 9.26% |
| R1 | 505.00 | 1.26% |
| Price | 498.70 | |
| S1 | 468.40 | -6.08% |
| S2 | 464.40 | -6.88% |
| S3 | 401.20 | -19.55% |
CEINSYSTECH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 08, 2023 | Sep 08, 2023 | Oct 16, 2023 | ₹2.00 | 0.762% |
| 2 | Sep 22, 2022 | Sep 22, 2022 | Oct 30, 2022 | ₹2.25 | 1.46% |
| 3 | Sep 22, 2021 | Sep 22, 2021 | Oct 30, 2021 | ₹2.25 | 1.39% |
| 4 | Sep 22, 2020 | Sep 22, 2020 | Oct 30, 2020 | ₹2.50 | 2.08% |
| 5 | Sep 12, 2019 | Sep 12, 2019 | Oct 20, 2019 | ₹2.25 | 3.21% |
FAQ
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