JSW Energy Limited Stock Forecast
JSW Energy Limited stock price down 0.185% on Friday
(Updated on May 17, 2024)
The JSW Energy Limited stock price fell by -0.185% on the last day (Friday, 17th May 2024) from ₹594.00 to ₹592.90. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.41% from a day low at ₹589.25 to a day high of ₹609.35. The price has fallen in 7 of the last 10 days and is down by -7.75% for this period. Volume has increased on the last day by 176 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, 315 thousand shares were bought and sold for approximately ₹186.83 million.
The stock lies in the middle of a wide and strong 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 26.59% during the next 3 months and, with a 90% probability hold a price between ₹691.10 and ₹844.69 at the end of this 3-month period.
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JSWENERGY.BO Signals & Forecast
The JSW Energy Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹580.11 and ₹588.25. 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, May 03, 2024, and so far it has fallen -7.75%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for JSW Energy Limited stock
JSW Energy Limited finds support from accumulated volume at ₹581.05 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 ₹20.10 between high and low, or 3.41%. For the last week, the stock has had daily average volatility of 4.78%.
Our recommended stop-loss: ₹565.69 (-4.59%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 10 days ago.)
Trading Expectations (JSWENERGY.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect JSW Energy Limited to open at ₹597.17, and during the day (based on 14 day Average True Range), to move between ₹562.59 and ₹623.21, which gives a possible trading interval of +/-₹30.31 (+/-5.11%) up or down from last closing price. If JSW Energy Limited takes out the full calculated possible swing range there will be an estimated 10.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹598.00 (0.86%) than the support at ₹581.05 (2.00%), 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 JSW Energy Limited stock A Buy?
JSW Energy Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.865 Hold/Accumulate Unchanged
Predicted Opening Price for JSW Energy Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹597.17 ( 0.720%) | ₹592.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JSWENERGY.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 617.27 | 4.11 % | |
| R2 | 609.59 | 2.81 % | ||
| R1 | 604.84 | 2.01 % | ||
| Current price: | 592.90 | |||
| Support | S1 | 589.49 | -0.575 % | |
| S2 | 584.74 | -1.38 % | ||
| S3 | 577.07 | -2.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 638.50 | 7.69 % | |
| R2 | 613.30 | 3.44 % | ||
| R1 | 598.00 | 0.86 % | ||
| Current price | 592.90 | |||
| Support | S1 | 581.05 | -2.00% | |
| S2 | 570.30 | -3.81% | ||
| S3 | 557.15 | -6.03% |
JSWENERGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jul 28, 2024 | ₹2.00 | 0.337% |
| 2 | Jun 02, 2023 | Jun 02, 2023 | Jul 28, 2023 | ₹2.00 | 0.684% |
| 3 | May 30, 2022 | May 30, 2022 | Jul 14, 2022 | ₹2.00 | 0.86% |
| 4 | Jul 11, 2016 | Jul 11, 2016 | Jul 11, 2016 | ₹2.00 | 2.44% |
| 5 | Jul 10, 2015 | Jul 10, 2015 | Jul 10, 2015 | ₹2.00 | 2.06% |
FAQ
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