Jetking Infotrain 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
Jetking Infotrain Limited stock upgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Jetking Infotrain Limited stock price fell by -1.30% on the last day (Tuesday, 25th Jun 2024) from ₹56.86 to ₹56.12. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.59% from a day low at ₹56.00 to a day high of ₹58.01. The price has fallen in 6 of the last 10 days but is still up by 2.86% 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 -1 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₹125.82 thousand.
The stock lies in the middle of a very 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 2.85% during the next 3 months and, with a 90% probability hold a price between ₹53.99 and ₹68.33 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.
JETKINGQ.BO Signals & Forecast
There are mixed signals in the stock today. The Jetking Infotrain 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 ₹57.19 and ₹57.27. A break-up above any of these levels will issue buy signals. 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. A buy signal was issued from a pivot bottom point on Friday, June 07, 2024, and so far it has risen 7.61%. 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).
Support, Risk & Stop-loss for Jetking Infotrain Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹53.30 and ₹50.00. 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, Jetking Infotrain Limited finds support just below today's level at ₹53.30. If this is broken, then the next support from accumulated volume will be at ₹50.00 and ₹49.36.
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 ₹2.01 between high and low, or 3.59%. For the last week the stock has had daily average volatility of 4.31%.
Our recommended stop-loss: ₹54.03 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (JETKINGQ.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Jetking Infotrain Limited to open at ₹56.71, and during the day (based on 14 day Average True Range), to move between ₹53.01 and ₹59.23, which gives a possible trading interval of +/-₹3.11 (+/-5.55%) up or down from last closing price. If Jetking Infotrain Limited takes out the full calculated possible swing range there will be an estimated 11.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹57.05 (1.66%) than the support at ₹53.30 (5.02%), 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 Jetking Infotrain Limited stock A Buy?
Jetking Infotrain Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.130 Hold/Accumulate Upgraded
Predicted Opening Price for Jetking Infotrain Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹56.71 ( 1.05%) | ₹56.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JETKINGQ.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 58.72 | 4.63% |
| R2 | 57.95 | 3.26% |
| R1 | 57.48 | 2.42% |
| Price | 56.12 | |
| S1 | 55.94 | -0.317% |
| S2 | 55.47 | -1.16% |
| S3 | 54.70 | -2.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 64.94 | 15.72% |
| R2 | 59.80 | 6.56% |
| R1 | 57.05 | 1.66% |
| Price | 56.12 | |
| S1 | 53.30 | -5.02% |
| S2 | 50.00 | -10.91% |
| S3 | 49.36 | -12.05% |
JETKINGQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 09, 2015 | Jul 09, 2015 | Jul 09, 2015 | ₹1.00 | 1.99% |
| 2 | Jul 09, 2014 | Jul 09, 2014 | Jul 09, 2014 | ₹1.00 | 1.86% |
| 3 | Jul 04, 2013 | Jul 04, 2013 | Jul 04, 2013 | ₹1.00 | 2.27% |
| 4 | Jul 12, 2012 | Jul 12, 2012 | Jul 12, 2012 | ₹1.50 | 3.32% |
| 5 | Feb 21, 2011 | Feb 21, 2011 | Feb 21, 2011 | ₹3.00 | 2.58% |
FAQ
Click here for our free guide on how to buy Jetking Infotrain Limited Stock.
