International Combustion 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
Strong day for International Combustion stock price on Friday rising 7.09% to ₹1,911.25
(Updated on May 17, 2024)
The International Combustion stock price gained 7.09% on the last trading day (Friday, 17th May 2024), rising from ₹1,784.75 to ₹1,911.25. During the last trading day the stock fluctuated 9.44% from a day low at ₹1,800.00 to a day high of ₹1,970.00. The price has fallen in 7 of the last 10 days and is down by -9.81% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately ₹13.96 million.
The stock lies in the middle of a very wide and 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 11.88% during the next 3 months and, with a 90% probability hold a price between ₹1,779.43 and ₹2,535.25 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
INTLCOMBQ.BO Signals & Forecast
The International Combustion 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 ₹1,821.19 and ₹1,892.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 8.13%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for International Combustion stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹1,791.70 and ₹1,767.90. 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, International Combustion finds support just below today's level at ₹1,791.70. If this is broken, then the next support from accumulated volume will be at ₹1,767.90 and ₹1,573.25.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹170.00 between high and low, or 9.44%. For the last week, the stock has had daily average volatility of 9.33%.
Our recommended stop-loss: ₹1,829.83 (-4.26%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (INTLCOMBQ.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect International Combustion to open at ₹1,893.75, and during the day (based on 14 day Average True Range), to move between ₹1,775.21 and ₹2,047.29, which gives a possible trading interval of +/-₹136.04 (+/-7.12%) up or down from last closing price. If International Combustion takes out the full calculated possible swing range there will be an estimated 14.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,921.60 (0.54%) than the support at ₹1,791.70 (6.26%), 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 International Combustion 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 International Combustion stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.154 Buy Candidate Upgraded
Predicted Opening Price for International Combustion of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹1,893.75 ( 0.92%) | ₹1,911.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INTLCOMBQ.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,063.75 | 7.98 % | |
| R2 | 1,998.81 | 4.58 % | ||
| R1 | 1,958.69 | 2.48 % | ||
| Current price: | 1,911.25 | |||
| Support | S1 | 1,828.81 | -4.31 % | |
| S2 | 1,788.69 | -6.41 % | ||
| S3 | 1,723.75 | -9.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,198.50 | 15.03 % | |
| R2 | 2,023.10 | 5.85 % | ||
| R1 | 1,921.60 | 0.542 % | ||
| Current price | 1,911.25 | |||
| Support | S1 | 1,791.70 | -6.26% | |
| S2 | 1,767.90 | -7.50% | ||
| S3 | 1,573.25 | -17.68% |
INTLCOMBQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 23, 2023 | Aug 23, 2023 | Sep 29, 2023 | ₹3.00 | 0.270% |
| 2 | Sep 14, 2022 | Sep 14, 2022 | Oct 21, 2022 | ₹2.00 | 0.621% |
| 3 | Sep 13, 2022 | Sep 13, 2022 | Oct 21, 2022 | ₹2.00 | 0.621% |
| 4 | Aug 27, 2019 | Aug 27, 2019 | Oct 04, 2019 | ₹1.00 | 0.598% |
| 5 | Sep 10, 2015 | Sep 10, 2015 | Sep 10, 2015 | ₹1.50 | 0.691% |
FAQ
Click here for our free guide on how to buy International Combustion Stock.
