Hawkins Cookers 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
Weaker technical forecast for Hawkins Cookers Limited as stock downgraded to Sell Candidate.
(Updated on May 13, 2024)
The Hawkins Cookers Limited stock price fell by -3.07% on the last day (Monday, 13th May 2024) from ₹6,443.85 to ₹6,245.90. During the last trading day the stock fluctuated 4.68% from a day low at ₹6,152.05 to a day high of ₹6,440.00. The price has been going up and down for this period, and there has been a -2.14% loss for the last 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 -80 shares and in total, 535 shares were bought and sold for approximately ₹3.34 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 -10.37% during the next 3 months and, with a 90% probability hold a price between ₹5,112.32 and ₹5,873.62 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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HAWKINCOOK.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 2.91%. 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. The Hawkins Cookers Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹6,406.85 and ₹6,283.44. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Hawkins Cookers Limited stock
Hawkins Cookers Limited finds support from accumulated volume at ₹6,134.70 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 ₹287.95 between high and low, or 4.68%. For the last week the stock has had daily average volatility of 3.35%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HAWKINCOOK.BO) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Hawkins Cookers Limited to open at ₹6,279.32, and during the day (based on 14 day Average True Range), to move between ₹6,052.20 and ₹6,439.60, which gives a possible trading interval of +/-₹193.70 (+/-3.10%) up or down from last closing price. If Hawkins Cookers Limited takes out the full calculated possible swing range there will be an estimated 6.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹6,317.25 (1.14%) than the support at ₹6,134.70 (1.78%), 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 Hawkins Cookers Limited stock A Buy?
Hawkins Cookers Limited holds several negative signals and is within a wide and falling trend, so we believe 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: -1.130 Sell Candidate Downgraded
Predicted Opening Price for Hawkins Cookers Limited of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| ₹6,279.32 ( 0.535%) | ₹6,245.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAWKINCOOK.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6,567.27 | 5.15 % | |
| R2 | 6,457.27 | 3.38 % | ||
| R1 | 6,389.31 | 2.30 % | ||
| Current price: | 6,245.90 | |||
| Support | S1 | 6,169.32 | -1.23 % | |
| S2 | 6,101.36 | -2.31 % | ||
| S3 | 5,991.37 | -4.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,220.70 | 15.61 % | |
| R2 | 6,353.90 | 1.73 % | ||
| R1 | 6,317.25 | 1.14 % | ||
| Current price | 6,245.90 | |||
| Support | S1 | 6,134.70 | -1.78% | |
| S2 | 6,115.30 | -2.09% | ||
| S3 | 6,069.30 | -2.83% |
HAWKINCOOK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 02, 2023 | Aug 02, 2023 | Sep 08, 2023 | ₹100.00 | 0% |
| 2 | Jul 27, 2022 | Jul 27, 2022 | Sep 03, 2022 | ₹60.00 | 0% |
| 3 | Aug 09, 2021 | Aug 09, 2021 | Aug 27, 2021 | ₹90.00 | 0% |
| 4 | Aug 14, 2020 | Aug 14, 2020 | Sep 03, 2020 | ₹80.00 | 0% |
| 5 | Jul 29, 2019 | Jul 29, 2019 | Sep 05, 2019 | ₹80.00 | 0% |
FAQ
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