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GlaxoSmithkline Pharmaceuticals Limited stock downgraded from Strong Buy Candidate to Buy Candidate after Friday trading session.
(Updated on Jun 14, 2024)

Buy or Hold candidate since May 20, 2024 Gain 16.08% PDF

The GlaxoSmithkline Pharmaceuticals Limited stock price fell by -1.70% on the last day (Friday, 14th Jun 2024) from ₹2,700.70 to ₹2,654.85. During the last trading day the stock fluctuated 4.55% from a day low at ₹2,639.95 to a day high of ₹2,760.00. The price has been going up and down for this period, and there has been a 1.36% gain for the last 2 weeks. 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 -58 thousand shares and in total, 124 thousand shares were bought and sold for approximately ₹328.49 million.

The stock lies in the upper part of a wide and strong 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 ₹2,712.98 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 39.01% during the next 3 months and, with a 90% probability hold a price between ₹3,140.59 and ₹3,771.25 at the end of this 3-month period.

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GLAXO.NS Signals & Forecast

The GlaxoSmithkline Pharmaceuticals 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 ₹2,601.50 and ₹2,311.05. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -1.70%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for GlaxoSmithkline Pharmaceuticals Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹2,480.50 and ₹2,473.55. 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, GlaxoSmithkline Pharmaceuticals Limited finds support just below today's level at ₹2,480.50. If this is broken, then the next support from accumulated volume will be at ₹2,473.55 and ₹2,287.00.

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 ₹120.05 between high and low, or 4.55%. For the last week, the stock has had daily average volatility of 3.85%.

Our recommended stop-loss: ₹2,545.80 (-4.11%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (GLAXO.NS) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect GlaxoSmithkline Pharmaceuticals Limited to open at ₹2,684.93, and during the day (based on 14 day Average True Range), to move between ₹2,546.43 and ₹2,763.27, which gives a possible trading interval of +/-₹108.42 (+/-4.08%) up or down from last closing price. If GlaxoSmithkline Pharmaceuticals Limited takes out the full calculated possible swing range there will be an estimated 8.17% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹2,655.75 (0.03%) than the support at ₹2,480.50 (6.57%), 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 GlaxoSmithkline Pharmaceuticals 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 GlaxoSmithkline Pharmaceuticals Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 3.155 Buy Candidate Downgraded

Predicted Opening Price for GlaxoSmithkline Pharmaceuticals Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹2,684.93 ( 1.13%) ₹2,654.85

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for GLAXO.NS

Fibonacci Support & Resistance Levels

Level Price
R3 2,804.98 5.66%
R2 2,759.12 3.93%
R1 2,730.79 2.86%
Price 2,654.85
S1 2,639.07 -0.594%
S2 2,610.74 -1.66%
S3 2,564.88 -3.39%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 2,700.70 1.73%
R1 2,655.75 0.0339%
Price 2,654.85
S1 2,480.50 -6.57%
S2 2,473.55 -6.83%
S3 2,287.00 -13.86%

GLAXO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 31, 2024 May 31, 2024 Jul 28, 2024 ₹32.00 1.21%
2 Jun 30, 2023 Jun 30, 2023 Jun 30, 2023 ₹32.00 2.25%
3 Jul 07, 2022 Jul 07, 2022 Jul 07, 2022 ₹60.00 3.99%
4 Jul 19, 2021 Jul 19, 2021 Jul 19, 2021 ₹30.00 1.87%
5 May 18, 2020 Jul 17, 2020 Jul 27, 2020 ₹20.00 1.37%

FAQ

What is the symbol for GlaxoSmithkline Pharmaceuticals Limited Stock and on which exchange is it traded?
The symbol for GlaxoSmithkline Pharmaceuticals Limited is GLAXO.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell GlaxoSmithkline Pharmaceuticals Limited Stock?
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 GlaxoSmithkline Pharmaceuticals Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

How to buy GlaxoSmithkline Pharmaceuticals Limited Stock?
GlaxoSmithkline Pharmaceuticals Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy GlaxoSmithkline Pharmaceuticals Limited Stock.

What's the current price of GlaxoSmithkline Pharmaceuticals Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an GlaxoSmithkline Pharmaceuticals Limited (GLAXO.NS) share was ₹2,654.85.

What is the 52-week high and low for GlaxoSmithkline Pharmaceuticals Limited Stock?
The 52-week high for GlaxoSmithkline Pharmaceuticals Limited Stock is ₹2,760.00 and the 52-week low is ₹1,377.25.

What is the market capitalization of GlaxoSmithkline Pharmaceuticals Limited Stock?
As of the Jun 14, 2024, the market capitalization of GlaxoSmithkline Pharmaceuticals Limited is 449.748B.

When is the next earnings date for GlaxoSmithkline Pharmaceuticals Limited?
The upcoming earnings date for GlaxoSmithkline Pharmaceuticals Limited is Jul 24, 2024.
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About GlaxoSmithkline Pharmaceuticals Limited

GlaxoSmithkline Pharmaceuticals Limited GlaxoSmithKline Pharmaceuticals Limited, a healthcare company, researches, develops, manufactures, and sells pharmaceutical medicines and vaccines in India and internationally. The company offers prescription and non-prescription drugs for anti-infective, respiratory, dermatology, nutrition, gastrointestinal, and rare diseases; and consumer healthcare products. It provides its product under the Augmentin, Calpol, Ceftum, Eltroxin, CCM, Neosporin,... GLAXO.NS Profile

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