Infomedia Press 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
Green day on Tuesday for Infomedia Press Limited
(Updated on Jun 25, 2024)
The Infomedia Press Limited stock price gained 4.92% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹7.72 to ₹8.10. It has now gained 10 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 2.79% from a day low at ₹7.88 to a day high of ₹8.10. The price has risen in 10 of the last 10 days and is up by 42.11% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately ₹408.65 thousand.
Given the current short-term trend, the stock is expected to fall -7.22% during the next 3 months and, with a 90% probability hold a price between ₹4.42 and ₹7.52 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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INFOMEDIA.BO Signals & Forecast
Mostly positive signals in the chart today. The Infomedia Press Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹7.21 and ₹6.06. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 63.64%. 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). Infomedia Press Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Infomedia Press Limited stock
Infomedia Press Limited finds support from accumulated volume at ₹7.72 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹0.220 between high and low, or 2.79%. For the last week, the stock has had daily average volatility of 4.34%.
The Infomedia Press Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs. Since the Infomedia Press Limited has been rising for 10 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: ₹7.84 (-3.18%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 91 and this increases the risk substantially. There is a buy signal from a pivot bottom found 59 days ago.)
Trading Expectations (INFOMEDIA.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Infomedia Press Limited to open at ₹8.03, and during the day (based on 14 day Average True Range), to move between ₹7.77 and ₹8.43, which gives a possible trading interval of +/-₹0.329 (+/-4.06%) up or down from last closing price. If Infomedia Press Limited takes out the full calculated possible swing range there will be an estimated 8.11% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹7.72, some ₹0.380 (4.69%) from the current price of ₹8.10, our system finds the risk reward attractive.
Is Infomedia Press Limited stock A Buy?
Infomedia Press Limited holds several positive signals and despite the stock being in a falling trend, we considered it to be a good choice at these current levels. We expect Infomedia Press Limited stock will perform very well in the next 3 months.
Current score: 6.438 Strong Buy Candidate Unchanged
Predicted Opening Price for Infomedia Press Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹8.03 ( 0.91%) | ₹8.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INFOMEDIA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 8.25 | 1.81% |
| R2 | 8.16 | 0.773% |
| R1 | 8.11 | 0.132% |
| Price | 8.10 | |
| S1 | 7.94 | -1.94% |
| S2 | 7.89 | -2.58% |
| S3 | 7.81 | -3.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 8.10 | |
| S1 | 7.72 | -4.69% |
| S2 | 7.01 | -13.46% |
| S3 | 6.69 | -17.41% |
INFOMEDIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 10, 2008 | Sep 10, 2008 | Sep 10, 2008 | ₹1.00 | 0% |
| 2 | Jul 09, 2007 | Jul 09, 2007 | Jul 09, 2007 | ₹2.00 | 0% |
| 3 | Sep 28, 2006 | Sep 28, 2006 | Sep 28, 2006 | ₹2.00 | 0% |
| 4 | Jul 27, 2005 | Jul 27, 2005 | Jul 27, 2005 | ₹8.00 | 0% |
| 5 | Jun 23, 2004 | Jun 23, 2004 | Jun 23, 2004 | ₹12.00 | 0% |
FAQ
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