Ganesha Ecosphere 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 Friday for Ganesha Ecosphere Limited stock after gaining 0.0362%
(Updated on May 17, 2024)
The Ganesha Ecosphere Limited stock price gained 0.0362% on the last trading day (Friday, 17th May 2024), rising from ₹1,106.10 to ₹1,106.50. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.50% from a day low at ₹1,087.85 to a day high of ₹1,115.00. The price has risen in 6 of the last 10 days and is up by 1.8% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 4 thousand shares were bought and sold for approximately ₹4.75 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹1,145.09 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.24% during the next 3 months and, with a 90% probability hold a price between ₹994.21 and ₹1,205.13 at the end of this 3-month period.
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GANECOS.BO Signals & Forecast
The Ganesha Ecosphere 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 ₹1,065.97 and ₹1,038.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 21.77%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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).
Support, Risk & Stop-loss for Ganesha Ecosphere Limited stock
Ganesha Ecosphere Limited finds support from accumulated volume at ₹1,096.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹27.15 (2.50%) between high and low. For the last week, the stock has had daily average volatility of 3.70%.
Our recommended stop-loss: ₹1,068.66 (-3.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (GANECOS.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Ganesha Ecosphere Limited to open at ₹1,103.12, and during the day (based on 14 day Average True Range), to move between ₹1,067.17 and ₹1,145.83, which gives a possible trading interval of +/-₹39.33 (+/-3.55%) up or down from last closing price. If Ganesha Ecosphere Limited takes out the full calculated possible swing range there will be an estimated 7.11% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹1,096.65, some ₹9.85 (0.89%) from the current price of ₹1,106.50, our system finds the risk reward attractive.
Earnings coming up
Ganesha Ecosphere Limited will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Ganesha Ecosphere Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.14% in the first trading day after earnings release.
Is Ganesha Ecosphere Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Ganesha Ecosphere Limited stock to perform well in the short-term.
Current score: 3.412 Buy Candidate Unchanged
Predicted Opening Price for Ganesha Ecosphere Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹1,103.12 ( 0.306%) | ₹1,106.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GANECOS.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,130.27 | 2.15 % | |
| R2 | 1,119.90 | 1.21 % | ||
| R1 | 1,113.49 | 0.632 % | ||
| Current price: | 1,106.50 | |||
| Support | S1 | 1,092.75 | -1.24 % | |
| S2 | 1,086.34 | -1.82 % | ||
| S3 | 1,075.97 | -2.76 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,106.50 | |||
| Support | S1 | 1,096.65 | -0.89% | |
| S2 | 971.30 | -12.22% | ||
| S3 | 920.25 | -16.83% |
GANECOS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 2023 | Sep 14, 2023 | Oct 21, 2023 | ₹2.00 | 0.211% |
| 2 | Sep 22, 2022 | Sep 22, 2022 | Oct 30, 2022 | ₹2.00 | 0.250% |
| 3 | Sep 15, 2017 | Sep 15, 2017 | Oct 25, 2017 | ₹1.20 | 0.316% |
| 4 | Aug 31, 2016 | Aug 31, 2016 | Aug 31, 2016 | ₹1.20 | 0.561% |
| 5 | Sep 10, 2015 | Sep 10, 2015 | Sep 10, 2015 | ₹1.20 | 1.00% |
FAQ
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