Diana Tea Company 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
Red day on Friday for Diana Tea Company Limited stock after losing 0.262%
(Updated on Jun 14, 2024)
The Diana Tea Company Limited stock price fell by -0.262% on the last day (Friday, 14th Jun 2024) from ₹26.67 to ₹26.60. During the last trading day the stock fluctuated 2.67% from a day low at ₹26.25 to a day high of ₹26.95. The price has risen in 6 of the last 10 days and is up by 3.22% over the past 2 weeks. 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 -7 thousand shares and in total, 16 thousand shares were bought and sold for approximately ₹425.25 thousand.
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 -5.00% during the next 3 months and, with a 90% probability hold a price between ₹22.87 and ₹29.39 at the end of this 3-month period.
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DIANATEA.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 9.47%. 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. The Diana Tea Company 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 ₹27.15. On a fall, the stock will find some support from the short-term average at ₹26.35. 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. 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 Diana Tea Company Limited stock
Diana Tea Company Limited finds support from accumulated volume at ₹26.57 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 ₹0.700 between high and low, or 2.67%. For the last week the stock has had daily average volatility of 4.44%.
Our recommended stop-loss: ₹25.51 (-4.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (DIANATEA.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Diana Tea Company Limited to open at ₹26.60, and during the day (based on 14 day Average True Range), to move between ₹25.21 and ₹27.99, which gives a possible trading interval of +/-₹1.39 (+/-5.21%) up or down from last closing price. If Diana Tea Company Limited takes out the full calculated possible swing range there will be an estimated 10.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹26.57 (0.11%) than the resistance at ₹27.00 (1.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Diana Tea Company Limited stock A Buy?
Diana Tea Company 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: 0.423 Hold/Accumulate Unchanged
Predicted Opening Price for Diana Tea Company Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹26.60 ( 0.00000000%) | ₹26.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DIANATEA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.30 | 2.63% |
| R2 | 27.03 | 1.63% |
| R1 | 26.87 | 1.01% |
| Price | 26.60 | |
| S1 | 26.33 | -1.01% |
| S2 | 26.17 | -1.63% |
| S3 | 25.90 | -2.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.84 | 19.70% |
| R2 | 29.45 | 10.71% |
| R1 | 27.00 | 1.50% |
| Price | 26.60 | |
| S1 | 26.57 | -0.113% |
| S2 | 25.62 | -3.68% |
| S3 | 25.11 | -5.60% |
DIANATEA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 07, 2022 | Sep 07, 2022 | Oct 14, 2022 | ₹0.500 | 1.80% |
| 2 | Sep 15, 2021 | Sep 15, 2021 | Oct 24, 2021 | ₹0.500 | 2.13% |
| 3 | Sep 07, 2018 | Sep 07, 2018 | Oct 18, 2018 | ₹0.250 | 1.44% |
| 4 | Aug 03, 2017 | Aug 03, 2017 | Sep 11, 2017 | ₹0.250 | 1.18% |
| 5 | Sep 09, 2016 | Sep 09, 2016 | Sep 09, 2016 | ₹0.250 | 1.42% |
FAQ
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