Chemcrux Enterprises 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
Chemcrux Enterprises Limited stock price up 0.295% on Friday
(Updated on Jun 28, 2024)
The Chemcrux Enterprises Limited stock price gained 0.295% on the last trading day (Friday, 28th Jun 2024), rising from ₹237.15 to ₹237.85. During the last trading day the stock fluctuated 4.26% from a day low at ₹235.00 to a day high of ₹245.00. The price has fallen in 6 of the last 10 days but is still up by 0.89% over the past 2 weeks. Volume fell on the last day by -250 shares and in total, 5 thousand shares were bought and sold for approximately ₹1.14 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 the upper part of a wide and falling 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 ₹241.94 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.99% during the next 3 months and, with a 90% probability hold a price between ₹162.34 and ₹198.42 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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CHEMCRUX.BO Signals & Forecast
The Chemcrux Enterprises Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹240.04. On a fall, the stock will find some support from the long-term average at approximately ₹236.81. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 11.41%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Chemcrux Enterprises Limited stock
Chemcrux Enterprises Limited finds support from accumulated volume at ₹228.20 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹10.00 between high and low, or 4.26%. For the last week the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: ₹229.91 (-3.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (CHEMCRUX.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Chemcrux Enterprises Limited to open at ₹239.28, and during the day (based on 14 day Average True Range), to move between ₹228.46 and ₹247.24, which gives a possible trading interval of +/-₹9.39 (+/-3.95%) up or down from last closing price. If Chemcrux Enterprises Limited takes out the full calculated possible swing range there will be an estimated 7.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹242.70 (2.04%) than the support at ₹228.20 (4.06%), 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 Chemcrux Enterprises Limited stock A Buy?
Chemcrux Enterprises 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: -0.727 Hold/Accumulate Unchanged
Predicted Opening Price for Chemcrux Enterprises Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹239.28 ( 0.603%) | ₹237.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHEMCRUX.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 249.28 | 4.81% |
| R2 | 245.46 | 3.20% |
| R1 | 243.10 | 2.21% |
| Price | 237.85 | |
| S1 | 235.46 | -1.00% |
| S2 | 233.10 | -2.00% |
| S3 | 229.28 | -3.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 265.65 | 11.69% |
| R2 | 250.15 | 5.17% |
| R1 | 242.70 | 2.04% |
| Price | 237.85 | |
| S1 | 228.20 | -4.06% |
| S2 | 224.25 | -5.72% |
| S3 | 213.50 | -10.24% |
CHEMCRUX Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 05, 2023 | Sep 05, 2023 | Oct 12, 2023 | ₹2.00 | 0.634% |
| 2 | Sep 15, 2022 | Sep 15, 2022 | Oct 23, 2022 | ₹2.00 | 0.497% |
| 3 | Aug 13, 2021 | Aug 13, 2021 | Sep 23, 2021 | ₹0.222 | 0.166% |
| 4 | Aug 07, 2020 | Aug 07, 2020 | Sep 16, 2020 | ₹0.333 | 0.144% |
| 5 | Mar 05, 2020 | Mar 05, 2020 | Mar 28, 2020 | ₹1.00 | 1.47% |
FAQ
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