Jay Bharat Maruti 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
Evaluation of Jay Bharat Maruti Limited stock downgraded after the last trading session.
(Updated on May 03, 2024)
The Jay Bharat Maruti Limited stock price fell by -0.98% on the last day (Friday, 3rd May 2024) from ₹116.95 to ₹115.80. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 2.84% from a day low at ₹114.50 to a day high of ₹117.75. The price has been going up and down for this period, and there has been a 0.09% gain for the last 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 thousand shares and in total, 10 thousand shares were bought and sold for approximately ₹1.19 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹120.89 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -11.27% during the next 3 months and, with a 90% probability hold a price between ₹84.52 and ₹107.27 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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JAYBARMARU.BO Signals & Forecast
There are few to no technical positive signals at the moment. The Jay Bharat Maruti Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹118.02 and ₹116.52. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -7.51%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Jay Bharat Maruti Limited stock
Jay Bharat Maruti Limited finds support from accumulated volume at ₹114.85 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹3.25 between high and low, or 2.84%. For the last week the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JAYBARMARU.BO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Jay Bharat Maruti Limited to open at ₹116.02, and during the day (based on 14 day Average True Range), to move between ₹110.89 and ₹120.71, which gives a possible trading interval of +/-₹4.91 (+/-4.24%) up or down from last closing price. If Jay Bharat Maruti Limited takes out the full calculated possible swing range there will be an estimated 8.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹116.20 (0.35%) than the support at ₹114.85 (0.82%), 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.
Earnings coming up
Jay Bharat Maruti Limited will release earnings BMO on Wednesday, May 08, 2024. We will update the financials statements for Jay Bharat Maruti Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.80% in the first trading day after earnings release.
Is Jay Bharat Maruti Limited stock A Buy?
Jay Bharat Maruti 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.078 Sell Candidate Downgraded
Predicted Opening Price for Jay Bharat Maruti Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹116.02 ( 0.187%) | ₹115.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JAYBARMARU.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 119.27 | 2.99 % | |
| R2 | 118.03 | 1.92 % | ||
| R1 | 117.26 | 1.26 % | ||
| Current price: | 115.80 | |||
| Support | S1 | 114.78 | -0.89 % | |
| S2 | 114.01 | -1.55 % | ||
| S3 | 112.77 | -2.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 137.55 | 18.78 % | |
| R2 | 120.35 | 3.93 % | ||
| R1 | 116.20 | 0.345 % | ||
| Current price | 115.80 | |||
| Support | S1 | 114.85 | -0.82% | |
| S2 | 107.80 | -6.91% | ||
| S3 | 103.60 | -10.54% |
JAYBARMARU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 08, 2023 | Sep 08, 2023 | Oct 16, 2023 | ₹1.75 | 1.53% |
| 2 | Sep 16, 2022 | Sep 16, 2022 | Oct 26, 2022 | ₹1.25 | 1.70% |
| 3 | Aug 10, 2017 | Aug 10, 2017 | Sep 17, 2017 | ₹2.50 | 1.95% |
| 4 | Aug 25, 2016 | Aug 25, 2016 | Aug 25, 2016 | ₹2.00 | 6.07% |
| 5 | Aug 07, 2015 | Aug 07, 2015 | Aug 07, 2015 | ₹2.00 | 6.29% |
FAQ
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