Cranes Software International 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 Tuesday for Cranes Software International Limited stock after gaining 4.98%
(Updated on Jun 25, 2024)
The Cranes Software International Limited stock price gained 4.98% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹7.23 to ₹7.59. It has now gained 10 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 8.27% from a day low at ₹7.01 to a day high of ₹7.59. The price has risen in 10 of the last 10 days and is up by 48.53% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 154 thousand more shares were traded than the day before. In total, 485 thousand shares were bought and sold for approximately ₹3.68 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹6.64, a level that may pose a second chance to hit a runner. According to fan-theory ₹7.84 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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CRANESSOFT.BO Signals & Forecast
The Cranes Software International Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹6.66 and ₹5.37. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 56.49%. 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.
Support, Risk & Stop-loss for Cranes Software International Limited stock
Cranes Software International Limited finds support from accumulated volume at ₹7.23 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹0.580 between high and low, or 8.27%. For the last week, the stock has had daily average volatility of 5.44%.
The Cranes Software International Limited stock is extremely overbought on RSI14 (97). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken. Since the Cranes Software International Limited has been rising for 10 days in a row, the risk over the next couple of days has increased. As we cannot be certain with regards to the size of the reaction, we urge caution.
Our recommended stop-loss: ₹7.29 (-3.93%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 97 and this increases the risk substantially. There is a buy signal from a pivot bottom found 19 days ago.)
Trading Expectations (CRANESSOFT.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Cranes Software International Limited to open at ₹7.40, and during the day (based on 14 day Average True Range), to move between ₹7.26 and ₹7.92, which gives a possible trading interval of +/-₹0.332 (+/-4.38%) up or down from last closing price. If Cranes Software International Limited takes out the full calculated possible swing range there will be an estimated 8.75% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹7.23, some ₹0.360 (4.74%) from the current price of ₹7.59, our system finds the risk reward attractive.
Is Cranes Software International Limited stock A Buy?
Cranes Software International 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Cranes Software International Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹7.40 ( 2.55%) | ₹7.59 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CRANESSOFT.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.98 | 5.09% |
| R2 | 7.76 | 2.18% |
| R1 | 7.62 | 0.372% |
| Price | 7.59 | |
| S1 | 7.18 | -5.47% |
| S2 | 7.04 | -7.27% |
| S3 | 6.82 | -10.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 7.59 | |
| S1 | 7.23 | -4.74% |
| S2 | 6.90 | -9.09% |
| S3 | 6.60 | -13.04% |
CRANESSOFT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2009 | Sep 22, 2009 | Sep 22, 2009 | ₹0.200 | 0.469% |
| 2 | Sep 22, 2008 | Sep 22, 2008 | Sep 22, 2008 | ₹1.20 | 1.17% |
| 3 | Sep 04, 2007 | Sep 04, 2007 | Sep 04, 2007 | ₹1.00 | 0.86% |
| 4 | Sep 04, 2006 | Sep 04, 2006 | Sep 04, 2006 | ₹1.20 | 1.15% |
| 5 | Sep 20, 2005 | Sep 20, 2005 | Sep 20, 2005 | ₹2.50 | 2.54% |
FAQ
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