Future Lifestyle Fashions 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 Future Lifestyle Fashions Limited stock price after Friday trading.
(Updated on Jun 14, 2024)
The Future Lifestyle Fashions Limited stock price gained 4.20% on the last trading day (Friday, 14th Jun 2024), rising from ₹2.38 to ₹2.48. 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 4.18% from a day low at ₹2.39 to a day high of ₹2.49. The price has risen in 6 of the last 10 days and is up by 20.98% 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, 60 thousand more shares were traded than the day before. In total, 159 thousand shares were bought and sold for approximately ₹394.63 thousand.
Given the current short-term trend, the stock is expected to fall -4.43% during the next 3 months and, with a 90% probability hold a price between ₹1.74 and ₹2.37 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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FLFL.NS Signals & Forecast
Mostly positive signals in the chart today. The Future Lifestyle Fashions 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 ₹2.20 and ₹2.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 30.53%. 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). Future Lifestyle Fashions Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Future Lifestyle Fashions Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹2.05 and ₹2.00. 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, Future Lifestyle Fashions Limited finds support just below today's level at ₹2.05. If this is broken, then the next support from accumulated volume will be at ₹2.00 and ₹1.95.
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 ₹0.100 between high and low, or 4.18%. For the last week, the stock has had daily average volatility of 4.49%.
The Future Lifestyle Fashions Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Future Lifestyle Fashions Limited 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: ₹2.40 (-3.30%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 85 and this increases the risk substantially. There is a buy signal from a pivot bottom found 49 days ago.)
Trading Expectations (FLFL.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Future Lifestyle Fashions Limited to open at ₹2.45, and during the day (based on 14 day Average True Range), to move between ₹2.36 and ₹2.60, which gives a possible trading interval of +/-₹0.116 (+/-4.68%) up or down from last closing price. If Future Lifestyle Fashions Limited takes out the full calculated possible swing range there will be an estimated 9.36% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹2.05, some ₹0.430 (17.34%) from the current price of ₹2.48, our system finds the risk reward attractive.
Is Future Lifestyle Fashions Limited stock A Buy?
Future Lifestyle Fashions Limited holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Future Lifestyle Fashions Limited stock will perform very well in the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.680 Strong Buy Candidate Upgraded
Predicted Opening Price for Future Lifestyle Fashions Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹2.45 ( 1.08%) | ₹2.48 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLFL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.55 | 2.96% |
| R2 | 2.52 | 1.42% |
| R1 | 2.49 | 0.465% |
| Price | 2.48 | |
| S1 | 2.42 | -2.62% |
| S2 | 2.39 | -3.57% |
| S3 | 2.35 | -5.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 2.48 | |
| S1 | 2.05 | -17.34% |
| S2 | 2.00 | -19.35% |
| S3 | 1.95 | -21.37% |
FLFL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 01, 2019 | Jul 22, 2019 | Aug 28, 2019 | ₹1.40 | 0.322% |
| 2 | May 18, 2018 | Aug 20, 2018 | Sep 28, 2018 | ₹1.20 | 0.302% |
| 3 | May 15, 2017 | Aug 21, 2017 | Sep 28, 2017 | ₹0.80 | 0.234% |
| 4 | May 26, 2016 | Aug 19, 2016 | Sep 28, 2016 | ₹0.400 | 0.296% |
| 5 | May 20, 2015 | Aug 17, 2015 | Sep 24, 2015 | ₹0.400 | 0.551% |
FAQ
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