Gufic Biosciences 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
Gufic Biosciences Limited stock price ended at ₹358.40 on Monday, after losing 0.444%.
(Updated on Jun 24, 2024)
The Gufic Biosciences Limited stock price fell by -0.444% on the last day (Monday, 24th Jun 2024) from ₹360.00 to ₹358.40. During the last trading day the stock fluctuated 3.64% from a day low at ₹357.00 to a day high of ₹370.00. The price has fallen in 6 of the last 10 days but is still up by 13.78% over the past 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 -7 thousand shares and in total, 83 thousand shares were bought and sold for approximately ₹29.66 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 17.44% during the next 3 months and, with a 90% probability hold a price between ₹360.65 and ₹450.68 at the end of this 3-month period.
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GUFICBIO.NS Signals & Forecast
The Gufic Biosciences 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 ₹359.81. On a fall, the stock will find some support from the long-term average at approximately ₹334.83. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, June 10, 2024, and so far it has fallen -4.52%. Further fall is indicated until a new bottom pivot has been found. 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 Gufic Biosciences Limited stock
Gufic Biosciences Limited finds support from accumulated volume at ₹344.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹13.00 between high and low, or 3.64%. For the last week, the stock has had daily average volatility of 4.44%.
Our recommended stop-loss: ₹342.95 (-4.31%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (GUFICBIO.NS) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Gufic Biosciences Limited to open at ₹361.80, and during the day (based on 14 day Average True Range), to move between ₹341.48 and ₹375.32, which gives a possible trading interval of +/-₹16.92 (+/-4.72%) up or down from last closing price. If Gufic Biosciences Limited takes out the full calculated possible swing range there will be an estimated 9.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹369.50 (3.10%) than the support at ₹344.75 (3.81%), 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 Gufic Biosciences Limited stock A Buy?
Gufic Biosciences 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.
Current score: 0.872 Hold/Accumulate Unchanged
Predicted Opening Price for Gufic Biosciences Limited of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| ₹361.80 ( 0.95%) | ₹358.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GUFICBIO.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 374.80 | 4.58% |
| R2 | 369.83 | 3.19% |
| R1 | 366.77 | 2.33% |
| Price | 358.40 | |
| S1 | 356.83 | -0.437% |
| S2 | 353.77 | -1.29% |
| S3 | 348.80 | -2.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 375.35 | 4.73% |
| R2 | 370.65 | 3.42% |
| R1 | 369.50 | 3.10% |
| Price | 358.40 | |
| S1 | 344.75 | -3.81% |
| S2 | 320.65 | -10.53% |
| S3 | 305.05 | -14.89% |
GUFICBIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2023 | Sep 21, 2023 | Oct 29, 2023 | ₹0.100 | 0.0393% |
| 2 | Sep 28, 2022 | Sep 28, 2022 | Sep 28, 2022 | ₹0.100 | 0.0463% |
| 3 | Aug 24, 2022 | Aug 24, 2022 | Aug 24, 2022 | ₹0.100 | 0.0487% |
| 4 | Sep 09, 2021 | Sep 09, 2021 | Sep 09, 2021 | ₹0.100 | 0.0501% |
| 5 | Nov 03, 2020 | Nov 03, 2020 | Nov 03, 2020 | ₹0.0500 | 0.0467% |
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