Gayatri BioOrganics Limited Stock Forecast
Green day on Friday for Gayatri BioOrganics Limited stock after gaining 1.91%
(Updated on Apr 19, 2024)
The Gayatri BioOrganics Limited stock price gained 1.91% on the last trading day (Friday, 19th Apr 2024), rising from ₹5.24 to ₹5.34. During the last trading day the stock fluctuated 4.71% from a day low at ₹5.10 to a day high of ₹5.34. The price has risen in 6 of the last 10 days and is up by 8.32% 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, 911 more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately ₹149.25 thousand.
The stock lies the upper part of a very wide and falling 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 ₹5.50 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -37.14% during the next 3 months and, with a 90% probability hold a price between ₹2.74 and ₹3.46 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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GAYATRIBI.BO Signals & Forecast
There are mixed signals in the stock today. The Gayatri BioOrganics 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 ₹5.40 and ₹5.62. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 8.32%. 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). Gayatri BioOrganics 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 Gayatri BioOrganics Limited stock
Gayatri BioOrganics Limited finds support from accumulated volume at ₹5.33 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 ₹0.240 between high and low, or 4.71%. For the last week, the stock has had daily average volatility of 9.70%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GAYATRIBI.BO) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Gayatri BioOrganics Limited to open at ₹5.26, and during the day (based on 14 day Average True Range), to move between ₹4.91 and ₹5.77, which gives a possible trading interval of +/-₹0.434 (+/-8.12%) up or down from last closing price. If Gayatri BioOrganics Limited takes out the full calculated possible swing range there will be an estimated 16.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹5.33 (0.19%) than the resistance at ₹5.71 (6.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gayatri BioOrganics Limited stock A Buy?
Gayatri BioOrganics Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.243 Sell Candidate Unchanged
Predicted Opening Price for Gayatri BioOrganics Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ₹5.26 ( 1.50%) | ₹5.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GAYATRIBI.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.50 | 3.00 % | |
| R2 | 5.41 | 1.28 % | ||
| R1 | 5.35 | 0.219 % | ||
| Current price: | 5.34 | |||
| Support | S1 | 5.17 | -3.21 % | |
| S2 | 5.11 | -4.28 % | ||
| S3 | 5.02 | -5.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.16 | 15.36 % | |
| R2 | 5.94 | 11.24 % | ||
| R1 | 5.71 | 6.93 % | ||
| Current price | 5.34 | |||
| Support | S1 | 5.33 | -0.187% | |
| S2 | 5.24 | -1.87% | ||
| S3 | 4.93 | -7.68% |
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