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 ₹356.85 on Friday, after losing 2.57%.
(Updated on Jun 14, 2024)
The Gufic Biosciences Limited stock price fell by -2.57% on the last day (Friday, 14th Jun 2024) from ₹366.25 to ₹356.85. During the last trading day the stock fluctuated 4.39% from a day low at ₹353.00 to a day high of ₹368.50. The price has been going up and down for this period, and there has been a 15.86% gain for the last 2 weeks. Volume has increased on the last day by 42 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, 147 thousand shares were bought and sold for approximately ₹52.34 million.
The stock lies in the middle of a very 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 16.20% during the next 3 months and, with a 90% probability hold a price between ₹350.66 and ₹440.12 at the end of this 3-month period.
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GUFICBIO.NS Signals & Forecast
The Gufic Biosciences 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 ₹352.14 and ₹330.11. A breakdown below any of these levels will issue sell signals. 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 -4.93%. Further fall is indicated until a new bottom pivot has been found. 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 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 ₹15.50 between high and low, or 4.39%. For the last week, the stock has had daily average volatility of 8.19%.
Our recommended stop-loss: ₹342.78 (-3.94%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (GUFICBIO.NS) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Gufic Biosciences Limited to open at ₹359.45, and during the day (based on 14 day Average True Range), to move between ₹339.34 and ₹374.36, which gives a possible trading interval of +/-₹17.51 (+/-4.91%) up or down from last closing price. If Gufic Biosciences Limited takes out the full calculated possible swing range there will be an estimated 9.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹344.75 (3.39%) than the resistance at ₹369.50 (3.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gufic Biosciences 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 Gufic Biosciences Limited stock to perform well in the short-term.
Current score: 3.270 Buy Candidate Unchanged
Predicted Opening Price for Gufic Biosciences Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹359.45 ( 0.729%) | ₹356.85 |
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 | 374.95 | 5.07% |
| R2 | 369.03 | 3.41% |
| R1 | 365.37 | 2.39% |
| Price | 356.85 | |
| S1 | 353.53 | -0.93% |
| S2 | 349.87 | -1.96% |
| S3 | 343.95 | -3.61% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 375.35 | 5.18% |
| R2 | 370.65 | 3.87% |
| R1 | 369.50 | 3.54% |
| Price | 356.85 | |
| S1 | 344.75 | -3.39% |
| S2 | 320.65 | -10.14% |
| S3 | 288.35 | -19.20% |
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% |
FAQ
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