High Energy Batteries Stock Forecast

Green day on Thursday for High Energy Batteries
(Updated on Jun 13, 2024)

HIGHENE.BO Signals & Forecast

The High Energy Batteries stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹804.01 and ₹815.72. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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, April 22, 2024, and so far it has fallen -14.45%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for High Energy Batteries stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹810.80 and ₹763.55. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, High Energy Batteries finds support just below today's level at ₹810.80. If this is broken, then the next support from accumulated volume will be at ₹763.55 and ₹709.15.

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 ₹24.95 between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 3.85%.

Since the High Energy Batteries has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: ₹809.44 (-5.34%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 59 days ago.)

Trading Expectations (HIGHENE.BO) For The Upcoming Trading Day Of Friday 14th

For the upcoming trading day on Friday, 14th we expect High Energy Batteries to open at ₹860.02, and during the day (based on 14 day Average True Range), to move between ₹810.85 and ₹899.35, which gives a possible trading interval of +/-₹44.25 (+/-5.17%) up or down from last closing price. If High Energy Batteries takes out the full calculated possible swing range there will be an estimated 10.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹868.40 (1.56%) than the support at ₹810.80 (5.18%), 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 High Energy Batteries 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 High Energy Batteries stock to perform well in the short-term.

Current score: 1.039 Buy Candidate Unchanged

Predicted Opening Price for High Energy Batteries of Friday, June 14, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.