DJ Mediaprint & Logistics Limi 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 DJ Mediaprint & Logistics Limi stock after gaining 4.99%
(Updated on May 17, 2024)
The DJ Mediaprint & Logistics Limi stock price gained 4.99% on the last trading day (Friday, 17th May 2024), rising from ₹301.85 to ₹316.90. It has now gained 6 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 0.603% from a day low at ₹315.00 to a day high of ₹316.90. The price has risen in 7 of the last 10 days and is up by 13.38% 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, 19 thousand more shares were traded than the day before. In total, 24 thousand shares were bought and sold for approximately ₹7.53 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 129.12% during the next 3 months and, with a 90% probability hold a price between ₹615.94 and ₹780.28 at the end of this 3-month period.
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DJML.BO Signals & Forecast
The DJ Mediaprint & Logistics Limi 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 ₹289.80 and ₹243.07. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 136.23%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Friday, December 29, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, December 29, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for DJ Mediaprint & Logistics Limi stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹279.95 and ₹271.40. 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, DJ Mediaprint & Logistics Limi finds support just below today's level at ₹279.95. If this is broken, then the next support from accumulated volume will be at ₹271.40 and ₹248.30.
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 ₹1.90 between high and low, or 0.603%. For the last week, the stock has had daily average volatility of 2.12%.
Since the DJ Mediaprint & Logistics Limi has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: ₹305.75 (-3.52%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (DJML.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect DJ Mediaprint & Logistics Limi to open at ₹316.27, and during the day (based on 14 day Average True Range), to move between ₹304.72 and ₹329.08, which gives a possible trading interval of +/-₹12.18 (+/-3.84%) up or down from last closing price. If DJ Mediaprint & Logistics Limi takes out the full calculated possible swing range there will be an estimated 7.69% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹279.95, some ₹36.95 (11.66%) from the current price of ₹316.90, our system finds the risk reward attractive.
Earnings coming up
DJ Mediaprint & Logistics Limi will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for DJ Mediaprint & Logistics Limi, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.47% in the first trading day after earnings release.
Is DJ Mediaprint & Logistics Limi stock A Buy?
DJ Mediaprint & Logistics Limi holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.679 Strong Buy Candidate Unchanged
Predicted Opening Price for DJ Mediaprint & Logistics Limi of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹316.27 ( 0.200%) | ₹316.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DJML.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 318.17 | 0.400 % | |
| R2 | 317.44 | 0.171 % | ||
| R1 | 316.99 | 0.0292 % | ||
| Current price: | 316.90 | |||
| Support | S1 | 315.54 | -0.429 % | |
| S2 | 315.09 | -0.570 % | ||
| S3 | 314.37 | -0.799 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 316.90 | |||
| Support | S1 | 279.95 | -11.66% | |
| S2 | 271.40 | -14.36% | ||
| S3 | 248.30 | -21.65% |
DJML Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 15, 2023 | Jun 15, 2023 | Jul 22, 2023 | ₹0.150 | 0.103% |
| 2 | Sep 13, 2022 | Sep 13, 2022 | Oct 20, 2022 | ₹0.100 | 0.0650% |
FAQ
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