Gujarat Themis Biosyn Limited Stock Forecast
Stronger technical forecast for Gujarat Themis Biosyn Limited stock price after Thursday trading.
(Updated on May 09, 2024)
The Gujarat Themis Biosyn Limited stock price fell by -3.28% on the last day (Thursday, 9th May 2024) from ₹409.55 to ₹396.10. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.70% from a day low at ₹391.15 to a day high of ₹409.55. The price has fallen in 7 of the last 10 days and is down by -3.15% for this period. 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 -31 thousand shares and in total, 46 thousand shares were bought and sold for approximately ₹18.09 million.
Given the current short-term trend, the stock is expected to rise 22.42% during the next 3 months and, with a 90% probability hold a price between ₹484.92 and ₹523.05 at the end of this 3-month period.
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GUJTHEM.BO Signals & Forecast
The Gujarat Themis Biosyn 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 ₹409.57. On a fall, the stock will find some support from the long-term average at approximately ₹389.95. 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, May 06, 2024, and so far it has fallen -6.37%. 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 Gujarat Themis Biosyn Limited stock
Gujarat Themis Biosyn Limited finds support from accumulated volume at ₹395.50 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 ₹18.40 between high and low, or 4.70%. For the last week, the stock has had daily average volatility of 4.17%.
Our recommended stop-loss: ₹372.89 (-5.86%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (GUJTHEM.BO) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Gujarat Themis Biosyn Limited to open at ₹398.93, and during the day (based on 14 day Average True Range), to move between ₹378.36 and ₹413.84, which gives a possible trading interval of +/-₹17.74 (+/-4.48%) up or down from last closing price. If Gujarat Themis Biosyn Limited takes out the full calculated possible swing range there will be an estimated 8.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹395.50 (0.15%) than the resistance at ₹402.50 (1.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Gujarat Themis Biosyn 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 Gujarat Themis Biosyn Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.719 Buy Candidate Upgraded
Predicted Opening Price for Gujarat Themis Biosyn Limited of Friday, May 10, 2024
Fair opening price May 10, 2024 | Current price |
---|---|
₹398.93 ( 0.715%) | ₹396.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GUJTHEM.BO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 417.33 | 5.36 % | |
R2 | 410.30 | 3.59 % | ||
R1 | 405.96 | 2.49 % | ||
Current price: | 396.10 | |||
Support | S1 | 391.90 | -1.06 % | |
S2 | 387.56 | -2.16 % | ||
S3 | 380.53 | -3.93 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 423.05 | 6.80 % | |
R2 | 409.00 | 3.26 % | ||
R1 | 402.50 | 1.62 % | ||
Current price | 396.10 | |||
Support | S1 | 395.50 | -0.151% | |
S2 | 377.70 | -4.65% | ||
S3 | 363.65 | -8.19% |
GUJTHEM Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 22, 2024 | Feb 22, 2024 | Mar 11, 2024 | ₹0.750 | 0.190% |
2 | Sep 01, 2023 | Sep 01, 2023 | Oct 09, 2023 | ₹0.200 | 0.0954% |
3 | Dec 02, 2022 | Dec 02, 2022 | Dec 21, 2022 | ₹0.88 | 0.564% |
4 | Aug 29, 2022 | Aug 29, 2022 | Oct 07, 2022 | ₹0.80 | 0.637% |
5 | Nov 24, 2021 | Nov 24, 2021 | Dec 11, 2021 | ₹1.40 | 1.37% |
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