JHS Svendgaard Laboratories 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
JHS Svendgaard Laboratories Limited stock price down 0% on Tuesday
(Updated on Jun 25, 2024)
No changes to the price of JHS Svendgaard Laboratories Limited stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 4.08% from a day low at ₹21.56 to a day high of ₹22.44. The price has risen in 8 of the last 10 days and is up by 8.43% over the past 2 weeks.
The stock lies in the upper part of a wide and strong rising 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 ₹22.34 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 21.89% during the next 3 months and, with a 90% probability hold a price between ₹22.55 and ₹27.23 at the end of this 3-month period.
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JHS.BO Signals & Forecast
The JHS Svendgaard Laboratories 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 ₹21.79 and ₹19.39. A breakdown below any of these levels will issue sell signals. 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 Friday, June 21, 2024, and so far it has fallen -0.90%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for JHS Svendgaard Laboratories Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹20.85 and ₹19.90. 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, JHS Svendgaard Laboratories Limited finds support just below today's level at ₹20.85. If this is broken, then the next support from accumulated volume will be at ₹19.90 and ₹18.96.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹0.88 between high and low, or 4.08%. For the last week the stock has had daily average volatility of 2.44%.
Our recommended stop-loss: ₹21.18 (-3.74%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (JHS.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect JHS Svendgaard Laboratories Limited to open at ₹22.00, and during the day (based on 14 day Average True Range), to move between ₹21.46 and ₹22.54, which gives a possible trading interval of +/-₹0.542 (+/-2.46%) up or down from last closing price. If JHS Svendgaard Laboratories Limited takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹22.03 (0.14%) than the support at ₹20.85 (5.23%), 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 JHS Svendgaard Laboratories 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 JHS Svendgaard Laboratories Limited stock to perform well in the short-term.
Current score: 2.518 Buy Candidate Unchanged
Predicted Opening Price for JHS Svendgaard Laboratories Limited of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
₹22.00 ( 0%) | ₹22.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JHS.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 22.88 | 4.00% |
R2 | 22.54 | 2.47% |
R1 | 22.34 | 1.53% |
Price | 22.00 | |
S1 | 21.66 | -1.53% |
S2 | 21.46 | -2.47% |
S3 | 21.12 | -4.00% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 22.20 | 0.91% |
R1 | 22.03 | 0.136% |
Price | 22.00 | |
S1 | 20.85 | -5.23% |
S2 | 19.90 | -9.55% |
S3 | 18.96 | -13.82% |
JHS Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 26, 2011 | Dec 26, 2011 | Dec 26, 2011 | ₹0.750 | 2.20% |
2 | Dec 22, 2010 | Dec 22, 2010 | Dec 22, 2010 | ₹0.500 | 0.510% |
3 | Sep 10, 2009 | Sep 10, 2009 | Sep 10, 2009 | ₹0.250 | 0.795% |
FAQ
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