Jenburkt Pharmaceuticals Limited Stock Forecast
Jenburkt Pharmaceuticals Limited stock price ended at ₹814.20 on Wednesday, after losing 0.768%.
(Updated on May 08, 2024)
The Jenburkt Pharmaceuticals Limited stock price fell by -0.768% on the last day (Wednesday, 8th May 2024) from ₹820.50 to ₹814.20. During the last trading day the stock fluctuated 5.13% from a day low at ₹790.00 to a day high of ₹830.50. The price has risen in 6 of the last 10 days and is up by 10.46% 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 -5 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₹1.48 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jenburkt Pharmaceuticals Limited stock with a 90% probability to be traded between ₹667.76 and ₹852.97 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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JENBURPH.BO Signals & Forecast
The Jenburkt Pharmaceuticals 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 ₹804.92 and ₹741.12. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, May 06, 2024, and so far it has fallen -5.81%. Further fall is indicated until a new bottom pivot has been found. 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 Jenburkt Pharmaceuticals Limited stock
Jenburkt Pharmaceuticals Limited finds support from accumulated volume at ₹801.25 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 ₹40.50 between high and low, or 5.13%. For the last week the stock has had daily average volatility of 9.92%.
Our recommended stop-loss: ₹767.63 (-5.72%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (JENBURPH.BO) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect Jenburkt Pharmaceuticals Limited to open at ₹811.57, and during the day (based on 14 day Average True Range), to move between ₹770.12 and ₹858.28, which gives a possible trading interval of +/-₹44.08 (+/-5.41%) up or down from last closing price. If Jenburkt Pharmaceuticals Limited takes out the full calculated possible swing range there will be an estimated 10.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹820.50 (0.77%) than the support at ₹801.25 (1.59%), 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 Jenburkt Pharmaceuticals Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Jenburkt Pharmaceuticals Limited stock to perform well in the short-term period.
Current score: 1.128 Buy Candidate Unchanged
Predicted Opening Price for Jenburkt Pharmaceuticals Limited of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| ₹811.57 ( 0.323%) | ₹814.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JENBURPH.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 852.07 | 4.65 % | |
| R2 | 836.60 | 2.75 % | ||
| R1 | 827.04 | 1.58 % | ||
| Current price: | 814.20 | |||
| Support | S1 | 796.10 | -2.22 % | |
| S2 | 786.54 | -3.40 % | ||
| S3 | 771.07 | -5.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 864.45 | 6.17 % | |
| R2 | 840.85 | 3.27 % | ||
| R1 | 820.50 | 0.774 % | ||
| Current price | 814.20 | |||
| Support | S1 | 801.25 | -1.59% | |
| S2 | 792.00 | -2.73% | ||
| S3 | 709.35 | -12.88% |
JENBURPH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 19, 2023 | Jul 19, 2023 | Aug 25, 2023 | ₹14.40 | 2.02% |
| 2 | Jul 21, 2022 | Jul 21, 2022 | Aug 28, 2022 | ₹12.00 | 1.98% |
| 3 | Aug 30, 2021 | Aug 30, 2021 | Oct 07, 2021 | ₹10.20 | 2.05% |
| 4 | Mar 18, 2020 | Mar 18, 2020 | Apr 05, 2020 | ₹8.10 | 2.72% |
| 5 | Jul 22, 2019 | Jul 22, 2019 | Aug 29, 2019 | ₹10.20 | 2.38% |
FAQ
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