G N A Axles 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 G N A Axles Limited stock price after Thursday trading.
(Updated on May 02, 2024)
The G N A Axles Limited stock price fell by -0.253% on the last day (Thursday, 2nd May 2024) from ₹414.55 to ₹413.50. During the last trading day the stock fluctuated 1.74% from a day low at ₹410.85 to a day high of ₹418.00. The price has risen in 5 of the last 10 days and is up by 1.8% over the past 2 weeks. Volume has increased on the last day by 41 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 41 thousand shares were bought and sold for approximately ₹16.98 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.23% during the next 3 months and, with a 90% probability hold a price between ₹340.53 and ₹410.33 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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GNA.NS Signals & Forecast
The G N A Axles Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹414.59. On a fall, the stock will find some support from the long-term average at approximately ₹406.35. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 8.67%. Further rise is indicated until a new top pivot has been found. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for G N A Axles Limited stock
G N A Axles Limited finds support from accumulated volume at ₹412.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹7.15 between high and low, or 1.74%. For the last week the stock has had daily average volatility of 1.43%.
Our recommended stop-loss: ₹394.98 (-4.48%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (GNA.NS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect G N A Axles Limited to open at ₹414.12, and during the day (based on 14 day Average True Range), to move between ₹404.38 and ₹422.62, which gives a possible trading interval of +/-₹9.12 (+/-2.21%) up or down from last closing price. If G N A Axles Limited takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹412.55 (0.23%) than the resistance at ₹425.30 (2.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
G N A Axles Limited will release earnings BMO on Thursday, May 02, 2024. We will update the financials statements for G N A Axles Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.85% in the first trading day after earnings release.
Is G N A Axles Limited stock A Buy?
G N A Axles Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for G N A Axles Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| ₹414.12 ( 0.149%) | ₹413.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GNA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 421.27 | 1.88 % | |
| R2 | 418.54 | 1.22 % | ||
| R1 | 416.85 | 0.81 % | ||
| Current price: | 413.50 | |||
| Support | S1 | 411.39 | -0.511 % | |
| S2 | 409.70 | -0.92 % | ||
| S3 | 406.97 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 475.60 | 15.02 % | |
| R2 | 433.15 | 4.75 % | ||
| R1 | 425.30 | 2.85 % | ||
| Current price | 413.50 | |||
| Support | S1 | 412.55 | -0.230% | |
| S2 | 411.05 | -0.593% | ||
| S3 | 400.15 | -3.23% |
GNA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 31, 2023 | Aug 31, 2023 | Aug 31, 2023 | ₹6.00 | 1.17% |
| 2 | Sep 12, 2022 | Sep 12, 2022 | Sep 12, 2022 | ₹5.00 | 1.33% |
| 3 | Sep 09, 2021 | Sep 09, 2021 | Sep 09, 2021 | ₹2.50 | 0.632% |
| 4 | Aug 14, 2019 | Aug 14, 2019 | Aug 14, 2019 | ₹2.75 | 2.41% |
| 5 | Aug 13, 2019 | Aug 13, 2019 | Aug 13, 2019 | ₹2.75 | 2.39% |
FAQ
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