HB Estate Developers 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
Red day on Friday for HB Estate Developers Limited
(Updated on Jun 28, 2024)
The HB Estate Developers Limited stock price fell by -0.95% on the last day (Friday, 28th Jun 2024) from ₹72.69 to ₹72.00. During the last trading day the stock fluctuated 6.07% from a day low at ₹70.71 to a day high of ₹75.00. The price has risen in 6 of the last 10 days and is up by 2.11% over the past 2 weeks. Volume has increased on the last day by 243 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, 2 thousand shares were bought and sold for approximately ₹144.58 thousand.
The stock lies in the middle of a wide and weak 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 8.94% during the next 3 months and, with a 90% probability hold a price between ₹75.68 and ₹88.39 at the end of this 3-month period.
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HBESD.BO Signals & Forecast
The HB Estate Developers 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 ₹72.89. On a fall, the stock will find some support from the long-term average at approximately ₹71.16. 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. A buy signal was issued from a pivot bottom point on Thursday, June 06, 2024, and so far it has risen 6.27%. Further rise is indicated until a new top pivot has been found. 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. HB Estate Developers Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for HB Estate Developers Limited stock
HB Estate Developers Limited finds support from accumulated volume at ₹70.87 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 ₹4.29 between high and low, or 6.07%. For the last week, the stock has had daily average volatility of 5.34%.
Our recommended stop-loss: ₹68.77 (-4.48%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (HBESD.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect HB Estate Developers Limited to open at ₹72.57, and during the day (based on 14 day Average True Range), to move between ₹67.91 and ₹76.09, which gives a possible trading interval of +/-₹4.09 (+/-5.68%) up or down from last closing price. If HB Estate Developers Limited takes out the full calculated possible swing range there will be an estimated 11.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹70.87 (1.57%) than the resistance at ₹73.76 (2.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is HB Estate Developers 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 HB Estate Developers Limited stock to perform well in the short-term.
Current score: 3.960 Buy Candidate Unchanged
Predicted Opening Price for HB Estate Developers Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹72.57 ( 0.792%) | ₹72.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HBESD.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 76.86 | 6.75% |
| R2 | 75.22 | 4.47% |
| R1 | 74.21 | 3.07% |
| Price | 72.00 | |
| S1 | 70.93 | -1.48% |
| S2 | 69.92 | -2.89% |
| S3 | 68.28 | -5.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 78.29 | 8.74% |
| R2 | 74.63 | 3.65% |
| R1 | 73.76 | 2.44% |
| Price | 72.00 | |
| S1 | 70.87 | -1.57% |
| S2 | 70.00 | -2.78% |
| S3 | 69.39 | -3.63% |
HBESD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 13, 2013 | Nov 13, 2013 | Nov 13, 2013 | ₹0.83 | 5.62% |
| 2 | Sep 06, 2012 | Sep 06, 2012 | Sep 06, 2012 | ₹1.67 | 5.63% |
| 3 | Aug 29, 2011 | Aug 29, 2011 | Aug 29, 2011 | ₹1.67 | 4.88% |
| 4 | Sep 21, 2010 | Sep 21, 2010 | Sep 21, 2010 | ₹1.67 | 2.05% |
| 5 | Aug 04, 2009 | Aug 04, 2009 | Aug 04, 2009 | ₹1.67 | 2.67% |
FAQ
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