GKB Ophthalmics 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
GKB Ophthalmics Limited stock downgraded to Strong Sell Candidate
(Updated on May 17, 2024)
The GKB Ophthalmics Limited stock price fell by -1.97% on the last day (Friday, 17th May 2024) from ₹101.30 to ₹99.30. During the last trading day the stock fluctuated 3.40% from a day low at ₹98.65 to a day high of ₹102.00. The price has fallen in 7 of the last 10 days and is down by -13.43% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -214 shares and in total, 14 thousand shares were bought and sold for approximately ₹1.35 million.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹96.06 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 28.67% during the next 3 months and, with a 90% probability hold a price between ₹123.60 and ₹173.01 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GKB.BO Signals & Forecast
There are few to no technical positive signals at the moment. The GKB Ophthalmics Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹101.74 and ₹101.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -22.20%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for GKB Ophthalmics Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹88.94 and ₹83.23. 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, GKB Ophthalmics Limited finds support just below today's level at ₹88.94. If this is broken, then the next support from accumulated volume will be at ₹83.23 and ₹82.93.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹3.35 between high and low, or 3.40%. For the last week the stock has had daily average volatility of 5.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GKB.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect GKB Ophthalmics Limited to open at ₹99.98, and during the day (based on 14 day Average True Range), to move between ₹90.95 and ₹107.65, which gives a possible trading interval of +/-₹8.35 (+/-8.40%) up or down from last closing price. If GKB Ophthalmics Limited takes out the full calculated possible swing range there will be an estimated 16.81% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹88.94 (10.43%) than the resistance at ₹110.53 (11.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is GKB Ophthalmics Limited stock A Buy?
The GKB Ophthalmics Limited stock holds several negative signals and despite the positive trend, we believe GKB Ophthalmics Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.188 Strong Sell Candidate Downgraded
Predicted Opening Price for GKB Ophthalmics Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹99.98 ( 0.688%) | ₹99.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GKB.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 103.33 | 4.06 % | |
| R2 | 102.05 | 2.77 % | ||
| R1 | 101.26 | 1.98 % | ||
| Current price: | 99.30 | |||
| Support | S1 | 98.70 | -0.601 % | |
| S2 | 97.91 | -1.40 % | ||
| S3 | 96.63 | -2.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 122.39 | 23.25 % | |
| R2 | 115.76 | 16.58 % | ||
| R1 | 110.53 | 11.31 % | ||
| Current price | 99.30 | |||
| Support | S1 | 88.94 | -10.43% | |
| S2 | 83.23 | -16.18% | ||
| S3 | 82.93 | -16.49% |
GKB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2010 | Sep 21, 2010 | Sep 21, 2010 | ₹1.20 | 2.10% |
FAQ
Click here for our free guide on how to buy GKB Ophthalmics Limited Stock.
