Jenburkt Pharmaceuticals Limited Stock Forecast
Green day on Friday for Jenburkt Pharmaceuticals Limited
(Updated on May 17, 2024)
The Jenburkt Pharmaceuticals Limited stock price gained 0.674% on the last trading day (Friday, 17th May 2024), rising from ₹786.50 to ₹791.80. During the last trading day the stock fluctuated 2.81% from a day low at ₹778.10 to a day high of ₹800.00. The price has fallen in 6 of the last 10 days and is down by -5.83% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 460 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately ₹1.13 million.
The stock lies in the middle of a wide and weak 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 4.15% during the next 3 months and, with a 90% probability hold a price between ₹737.57 and ₹906.02 at the end of this 3-month period.
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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 ₹789.94 and ₹759.09. 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). Jenburkt Pharmaceuticals 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. 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 -8.40%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Jenburkt Pharmaceuticals Limited stock
Jenburkt Pharmaceuticals Limited finds support from accumulated volume at ₹782.90 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 ₹21.90 between high and low, or 2.81%. For the last week, the stock has had daily average volatility of 2.54%.
Our recommended stop-loss: ₹746.76 (-5.69%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (JENBURPH.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Jenburkt Pharmaceuticals Limited to open at ₹789.97, and during the day (based on 14 day Average True Range), to move between ₹752.23 and ₹831.37, which gives a possible trading interval of +/-₹39.57 (+/-5.00%) up or down from last closing price. If Jenburkt Pharmaceuticals Limited takes out the full calculated possible swing range there will be an estimated 9.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹782.90 (1.12%) than the resistance at ₹801.25 (1.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Jenburkt Pharmaceuticals Limited 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 Jenburkt Pharmaceuticals Limited stock to perform well in the short-term.
Current score: 1.578 Buy Candidate Unchanged
Predicted Opening Price for Jenburkt Pharmaceuticals Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹789.97 ( 0.232%) | ₹791.80 |
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 | 811.87 | 2.53 % | |
| R2 | 803.50 | 1.48 % | ||
| R1 | 798.33 | 0.83 % | ||
| Current price: | 791.80 | |||
| Support | S1 | 781.60 | -1.29 % | |
| S2 | 776.43 | -1.94 % | ||
| S3 | 768.07 | -3.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 864.45 | 9.18 % | |
| R2 | 840.85 | 6.19 % | ||
| R1 | 801.25 | 1.19 % | ||
| Current price | 791.80 | |||
| Support | S1 | 782.90 | -1.12% | |
| S2 | 709.35 | -10.41% | ||
| S3 | 689.45 | -12.93% |
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% |
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