Hindustan Media Ventures 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
Hindustan Media Ventures Limited stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 26, 2024)
The Hindustan Media Ventures Limited stock price fell by -1.04% on the last day (Friday, 26th Apr 2024) from ₹110.20 to ₹109.05. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 4.03% from a day low at ₹108.00 to a day high of ₹112.35. The price has fallen in 6 of the last 10 days but is still up by 2.93% over the past 2 weeks. Volume has increased on the last day by 3 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, 9 thousand shares were bought and sold for approximately ₹972.62 thousand.
The stock lies in the middle of a very 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 2.29% during the next 3 months and, with a 90% probability hold a price between ₹91.00 and ₹127.38 at the end of this 3-month period.
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HMVL.BO Signals & Forecast
The Hindustan Media Ventures 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 ₹112.01. On a fall, the stock will find some support from the long-term average at approximately ₹104.09. 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. 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 Thursday, April 18, 2024, and so far it has fallen -4.30%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Hindustan Media Ventures 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 Hindustan Media Ventures Limited stock
Hindustan Media Ventures Limited finds support from accumulated volume at ₹107.65 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 ₹4.35 between high and low, or 4.03%. For the last week, the stock has had daily average volatility of 4.27%.
Our recommended stop-loss: ₹104.49 (-4.18%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Trading Expectations (HMVL.BO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Hindustan Media Ventures Limited to open at ₹109.80, and during the day (based on 14 day Average True Range), to move between ₹102.92 and ₹115.18, which gives a possible trading interval of +/-₹6.13 (+/-5.62%) up or down from last closing price. If Hindustan Media Ventures Limited takes out the full calculated possible swing range there will be an estimated 11.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹107.65 (1.28%) than the resistance at ₹113.95 (4.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Hindustan Media Ventures Limited stock A Buy?
Hindustan Media Ventures Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.643 Hold/Accumulate Downgraded
Predicted Opening Price for Hindustan Media Ventures Limited of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| ₹109.80 ( 0.688%) | ₹109.05 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HMVL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 114.15 | 4.68 % | |
| R2 | 112.49 | 3.15 % | ||
| R1 | 111.46 | 2.21 % | ||
| Current price: | 109.05 | |||
| Support | S1 | 108.14 | -0.84 % | |
| S2 | 107.11 | -1.78 % | ||
| S3 | 105.45 | -3.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 122.60 | 12.43 % | |
| R2 | 115.60 | 6.01 % | ||
| R1 | 113.95 | 4.49 % | ||
| Current price | 109.05 | |||
| Support | S1 | 107.65 | -1.28% | |
| S2 | 107.00 | -1.88% | ||
| S3 | 90.60 | -16.92% |
HMVL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 09, 2019 | Sep 09, 2019 | Oct 18, 2018 | ₹1.20 | 0.84% |
| 2 | Sep 11, 2017 | Sep 11, 2017 | Oct 20, 2017 | ₹1.20 | 0.489% |
| 3 | Sep 01, 2016 | Sep 01, 2016 | Sep 01, 2016 | ₹1.20 | 0.424% |
| 4 | Aug 19, 2015 | Aug 19, 2015 | Aug 19, 2015 | ₹1.20 | 0.520% |
| 5 | Aug 27, 2014 | Aug 27, 2014 | Aug 27, 2014 | ₹1.20 | 0.741% |
FAQ
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