Jagran Prakashan Limited Stock Forecast
Green day on Friday for Jagran Prakashan Limited stock after gaining 0.386%
(Updated on May 31, 2024)
The Jagran Prakashan Limited stock price gained 0.386% on the last trading day (Friday, 31st May 2024), rising from ₹90.65 to ₹91.00. During the last trading day the stock fluctuated 2.77% from a day low at ₹90.30 to a day high of ₹92.80. The price has risen in 6 of the last 10 days but is still down by -3.86% for this period. Volume fell on the last day by -25 thousand shares and in total, 31 thousand shares were bought and sold for approximately ₹2.79 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.93% during the next 3 months and, with a 90% probability hold a price between ₹72.18 and ₹91.21 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.
JAGRAN.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 0.386%. 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). 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. The Jagran Prakashan Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹94.79 and ₹98.92. A break-up above any of these levels will issue buy signals.
Support, Risk & Stop-loss for Jagran Prakashan Limited stock
Jagran Prakashan Limited finds support from accumulated volume at ₹90.65 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 ₹2.50 between high and low, or 2.77%. For the last week, the stock has had daily average volatility of 4.04%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JAGRAN.BO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Jagran Prakashan Limited to open at ₹91.37, and during the day (based on 14 day Average True Range), to move between ₹87.22 and ₹94.78, which gives a possible trading interval of +/-₹3.78 (+/-4.15%) up or down from last closing price. If Jagran Prakashan Limited takes out the full calculated possible swing range there will be an estimated 8.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹90.65 (0.38%) than the resistance at ₹97.35 (6.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jagran Prakashan Limited stock A Buy?
Jagran Prakashan Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.712 Sell Candidate Unchanged
Predicted Opening Price for Jagran Prakashan Limited of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
₹91.37 ( 0.403%) | ₹91.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JAGRAN.BO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 93.87 | 3.15 % | |
R2 | 92.91 | 2.10 % | ||
R1 | 92.32 | 1.45 % | ||
Current price: | 91.00 | |||
Support | S1 | 90.41 | -0.647 % | |
S2 | 89.82 | -1.29 % | ||
S3 | 88.87 | -2.34 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 107.70 | 18.35 % | |
R2 | 99.15 | 8.96 % | ||
R1 | 97.35 | 6.98 % | ||
Current price | 91.00 | |||
Support | S1 | 90.65 | -0.385% | |
S2 | 0 | . | ||
S3 | 0 | . |
JAGRAN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 17, 2022 | Aug 17, 2022 | Aug 30, 2022 | ₹4.00 | 6.33% |
2 | Sep 20, 2017 | Sep 20, 2017 | Oct 15, 2017 | ₹3.00 | 1.73% |
3 | Sep 16, 2015 | Sep 16, 2015 | Sep 16, 2015 | ₹3.50 | 2.66% |
4 | Sep 18, 2014 | Sep 18, 2014 | Sep 18, 2014 | ₹3.00 | 2.44% |
5 | Nov 13, 2013 | Nov 13, 2013 | Nov 13, 2013 | ₹1.00 | 1.20% |
FAQ
Click here for our free guide on how to buy Jagran Prakashan Limited Stock.