InterGlobe Aviation 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 Monday for InterGlobe Aviation Limited
(Updated on May 27, 2024)
The InterGlobe Aviation Limited stock price fell by -0.0834% on the last day (Monday, 27th May 2024) from ₹4,256.50 to ₹4,252.95. During the last trading day the stock fluctuated 2.18% from a day low at ₹4,206.30 to a day high of ₹4,298.00. The price has risen in 5 of the last 10 days and is up by 4.19% over the past 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 -3 million shares and in total, 1 million shares were bought and sold for approximately ₹4.53 billion.
The stock lies in the middle of a strong 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 43.24% during the next 3 months and, with a 90% probability hold a price between ₹5,946.76 and ₹6,368.41 at the end of this 3-month period.
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INDIGO.NS Signals & Forecast
The InterGlobe Aviation 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 ₹4,330.54. On a fall, the stock will find some support from the long-term average at approximately ₹3,966.51. 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, May 23, 2024, and so far it has fallen -3.35%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, November 03, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, November 03, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for InterGlobe Aviation Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹3,242.95 and ₹3,233.00. 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, InterGlobe Aviation Limited finds support just below today's level at ₹3,242.95. If this is broken, then the next support from accumulated volume will be at ₹3,233.00 and ₹3,218.55.
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 ₹91.70 between high and low, or 2.18%. For the last week, the stock has had daily average volatility of 3.32%.
Our recommended stop-loss: ₹4,081.03 (-4.04%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (INDIGO.NS) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect InterGlobe Aviation Limited to open at ₹4,252.42, and during the day (based on 14 day Average True Range), to move between ₹4,136.54 and ₹4,369.36, which gives a possible trading interval of +/-₹116.41 (+/-2.74%) up or down from last closing price. If InterGlobe Aviation Limited takes out the full calculated possible swing range there will be an estimated 5.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹4,256.50 (0.08%) than the support at ₹3,242.95 (23.75%), 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 InterGlobe Aviation Limited stock A Buy?
InterGlobe Aviation Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.490 Hold/Accumulate Unchanged
Predicted Opening Price for InterGlobe Aviation Limited of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| ₹4,252.42 ( 0.0125%) | ₹4,252.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INDIGO.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,344.12 | 2.14 % | |
| R2 | 4,309.09 | 1.32 % | ||
| R1 | 4,287.45 | 0.81 % | ||
| Current price: | 4,252.95 | |||
| Support | S1 | 4,217.39 | -0.84 % | |
| S2 | 4,195.75 | -1.35 % | ||
| S3 | 4,160.72 | -2.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4,400.50 | 3.47 % | |
| R2 | 4,315.50 | 1.47 % | ||
| R1 | 4,256.50 | 0.0835 % | ||
| Current price | 4,252.95 | |||
| Support | S1 | 3,242.95 | -23.75% | |
| S2 | 3,233.00 | -23.98% | ||
| S3 | 3,218.55 | -24.32% |
INDIGO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2019 | Aug 19, 2019 | Aug 27, 2019 | ₹5.00 | 0.303% |
| 2 | May 02, 2018 | Aug 02, 2018 | Aug 11, 2018 | ₹6.00 | 0.560% |
| 3 | May 09, 2017 | Aug 18, 2017 | Sep 27, 2017 | ₹34.00 | 3.22% |
| 4 | Apr 29, 2016 | Sep 12, 2016 | Oct 21, 2016 | ₹15.00 | 1.60% |
FAQ
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