Jupiter Life Line Hospitals Limited Stock Forecast
Jupiter Life Line Hospitals Limited stock downgraded from Buy Candidate to Sell Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Jupiter Life Line Hospitals Limited stock price fell by -0.231% on the last day (Tuesday, 2nd Jul 2024) from ₹1,278.20 to ₹1,275.25. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.35% from a day low at ₹1,260.00 to a day high of ₹1,289.65. The price has been going up and down for this period, and there has been a 2.63% gain for the last 2 weeks. Volume has increased on the last day by 130 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 155 thousand shares were bought and sold for approximately ₹197.83 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Jupiter Life Line Hospitals Limited stock with a 90% probability to be traded between ₹1,126.81 and ₹1,330.87 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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JLHL.NS Signals & Forecast
The Jupiter Life Line Hospitals 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 ₹1,269.74 and ₹1,218.19. 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 Friday, June 21, 2024, and so far it has fallen -3.38%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Jupiter Life Line Hospitals Limited stock
Jupiter Life Line Hospitals Limited finds support from accumulated volume at ₹1,250.05 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 ₹29.65 between high and low, or 2.35%. For the last week, the stock has had daily average volatility of 5.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JLHL.NS) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Jupiter Life Line Hospitals Limited to open at ₹1,274.97, and during the day (based on 14 day Average True Range), to move between ₹1,217.20 and ₹1,333.30, which gives a possible trading interval of +/-₹58.05 (+/-4.55%) up or down from last closing price. If Jupiter Life Line Hospitals Limited takes out the full calculated possible swing range there will be an estimated 9.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,298.20 (1.80%) than the support at ₹1,250.05 (1.98%), 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 Jupiter Life Line Hospitals Limited stock A Buy?
Jupiter Life Line Hospitals Limited holds several negative signals and we believe that 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 Buy to a Sell candidate.
Current score: -1.389 Sell Candidate Downgraded
Predicted Opening Price for Jupiter Life Line Hospitals Limited of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
₹1,274.97 ( 0.0222%) | ₹1,275.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JLHL.NS
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,304.62 | 2.30% |
R2 | 1,293.29 | 1.41% |
R1 | 1,286.29 | 0.87% |
Price | 1,275.25 | |
S1 | 1,263.64 | -0.91% |
S2 | 1,256.64 | -1.46% |
S3 | 1,245.32 | -2.35% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 1,319.90 | 3.50% |
R2 | 1,298.55 | 1.83% |
R1 | 1,298.20 | 1.80% |
Price | 1,275.25 | |
S1 | 1,250.05 | -1.98% |
S2 | 1,210.20 | -5.10% |
S3 | 1,178.30 | -7.60% |
FAQ
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