GTL Infrastructure 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
Evaluation of GTL Infrastructure Limited stock downgraded after the last trading session.
(Updated on May 03, 2024)
No changes to the price of GTL Infrastructure Limited stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 5.88% from a day low at ₹1.70 to a day high of ₹1.80. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a very 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 -27.04% during the next 3 months and, with a 90% probability hold a price between ₹0.92 and ₹1.37 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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GTLINFRA.NS Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -5.41%. 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 during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. The GTL Infrastructure 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 ₹1.72 and ₹1.71. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for GTL Infrastructure Limited stock
GTL Infrastructure Limited finds support from accumulated volume at ₹1.70 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 ₹0.100 between high and low, or 5.88%. For the last week, the stock has had daily average volatility of 4.78%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GTLINFRA.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect GTL Infrastructure Limited to open at ₹1.75, and during the day (based on 14 day Average True Range), to move between ₹1.67 and ₹1.83, which gives a possible trading interval of +/-₹0.0789 (+/-4.51%) up or down from last closing price. If GTL Infrastructure Limited takes out the full calculated possible swing range there will be an estimated 9.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1.80 (2.86%) than the support at ₹1.70 (2.86%), 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.
Earnings coming up
GTL Infrastructure Limited will release earnings BMO on Thursday, May 09, 2024. We will update the financials statements for GTL Infrastructure Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.19% in the first trading day after earnings release.
Is GTL Infrastructure Limited stock A Buy?
GTL Infrastructure 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.040 Sell Candidate Downgraded
Predicted Opening Price for GTL Infrastructure Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹1.75 ( 0%) | ₹1.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GTLINFRA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.85 | 5.71 % | |
| R2 | 1.81 | 3.53 % | ||
| R1 | 1.79 | 2.18 % | ||
| Current price: | 1.75 | |||
| Support | S1 | 1.71 | -2.18 % | |
| S2 | 1.69 | -3.53 % | ||
| S3 | 1.65 | -5.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.10 | 20.00 % | |
| R2 | 1.85 | 5.71 % | ||
| R1 | 1.80 | 2.86 % | ||
| Current price | 1.75 | |||
| Support | S1 | 1.70 | -2.86% | |
| S2 | 1.65 | -5.71% | ||
| S3 | 1.60 | -8.57% |
FAQ
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