Dollar Industries 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
Stronger technical forecast for Dollar Industries Limited stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Dollar Industries Limited stock price fell by -2.20% on the last day (Tuesday, 25th Jun 2024) from ₹568.20 to ₹555.70. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.11% from a day low at ₹550.00 to a day high of ₹572.60. The price has fallen in 6 of the last 10 days and is down by -0.95% for this period. Volume has increased on the last day by 111 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 149 thousand shares were bought and sold for approximately ₹83.01 million.
The stock lies in the middle of a wide and weak 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 4.28% during the next 3 months and, with a 90% probability hold a price between ₹544.20 and ₹677.99 at the end of this 3-month period.
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DOLLAR.NS Signals & Forecast
The Dollar Industries 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 ₹568.84 and ₹572.36. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 7.73%. 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).
Support, Risk & Stop-loss for Dollar Industries Limited stock
Dollar Industries Limited finds support from accumulated volume at ₹545.65 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹22.60 between high and low, or 4.11%. For the last week, the stock has had daily average volatility of 3.03%.
Our recommended stop-loss: ₹533.46 (-4.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 24 days ago.)
Trading Expectations (DOLLAR.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Dollar Industries Limited to open at ₹559.43, and during the day (based on 14 day Average True Range), to move between ₹535.14 and ₹576.26, which gives a possible trading interval of +/-₹20.56 (+/-3.70%) up or down from last closing price. If Dollar Industries Limited takes out the full calculated possible swing range there will be an estimated 7.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹559.50 (0.68%) than the support at ₹545.65 (1.81%), 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 Dollar Industries Limited stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.118 Buy Candidate Upgraded
Predicted Opening Price for Dollar Industries Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹559.43 ( 0.672%) | ₹555.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DOLLAR.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 582.03 | 4.74% |
| R2 | 573.40 | 3.19% |
| R1 | 568.07 | 2.23% |
| Price | 555.70 | |
| S1 | 550.80 | -0.88% |
| S2 | 545.47 | -1.84% |
| S3 | 536.83 | -3.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 618.65 | 11.33% |
| R2 | 587.15 | 5.66% |
| R1 | 559.50 | 0.684% |
| Price | 555.70 | |
| S1 | 545.65 | -1.81% |
| S2 | 537.50 | -3.28% |
| S3 | 515.85 | -7.17% |
DOLLAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 27, 2023 | Jul 27, 2023 | Jul 27, 2023 | ₹3.00 | 0.728% |
| 2 | Jul 20, 2022 | Jul 20, 2022 | Jul 20, 2022 | ₹3.00 | 0.708% |
| 3 | Jul 19, 2021 | Jul 19, 2021 | Jul 19, 2021 | ₹2.40 | 0.766% |
| 4 | Aug 24, 2020 | Aug 24, 2020 | Aug 24, 2020 | ₹1.70 | 1.09% |
| 5 | May 27, 2019 | Aug 22, 2019 | Sep 29, 2019 | ₹1.70 | 0.83% |
FAQ
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