JSW Energy 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
High volatility in JSW Energy Limited stock price on Friday which ended trading at ₹570.25
(Updated on May 10, 2024)
The JSW Energy Limited stock price gained 7.40% on the last trading day (Friday, 10th May 2024), rising from ₹530.95 to ₹570.25. During the last trading day the stock fluctuated 10.34% from a day low at ₹520.20 to a day high of ₹574.00. The price has risen in 5 of the last 10 days but is still down by -5.1% for this period. Volume fell on the last day by -503 thousand shares and in total, 10 million shares were bought and sold for approximately ₹5.86 billion. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 30.86% during the next 3 months and, with a 90% probability hold a price between ₹698.18 and ₹857.25 at the end of this 3-month period.
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JSWENERGY.NS Signals & Forecast
Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The JSW Energy Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹591.50 and ₹585.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -11.20%. 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).
Support, Risk & Stop-loss for JSW Energy Limited stock
JSW Energy Limited finds support from accumulated volume at ₹557.25 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 ₹53.80 between high and low, or 10.34%. For the last week, the stock has had daily average volatility of 9.06%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JSWENERGY.NS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect JSW Energy Limited to open at ₹554.82, and during the day (based on 14 day Average True Range), to move between ₹540.53 and ₹599.97, which gives a possible trading interval of +/-₹29.72 (+/-5.21%) up or down from last closing price. If JSW Energy Limited takes out the full calculated possible swing range there will be an estimated 10.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹581.35 (1.95%) than the support at ₹557.25 (2.28%), 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?
The JSW Energy Limited stock holds several negative signals and despite the positive trend, we believe JSW Energy Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.312 Sell Candidate Unchanged
Predicted Opening Price for JSW Energy Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₹554.82 ( 2.71%) | ₹570.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JSWENERGY.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 608.62 | 6.73 % | |
| R2 | 588.07 | 3.12 % | ||
| R1 | 575.37 | 0.90 % | ||
| Current price: | 570.25 | |||
| Support | S1 | 534.27 | -6.31 % | |
| S2 | 521.57 | -8.54 % | ||
| S3 | 501.02 | -12.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 613.10 | 7.51 % | |
| R2 | 583.05 | 2.24 % | ||
| R1 | 581.35 | 1.95 % | ||
| Current price | 570.25 | |||
| Support | S1 | 557.25 | -2.28% | |
| S2 | 530.95 | -6.89% | ||
| S3 | 523.70 | -8.16% |
JSWENERGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jul 28, 2024 | ₹2.00 | 0.351% |
| 2 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | ₹2.00 | 0.797% |
| 3 | May 30, 2022 | May 30, 2022 | May 30, 2022 | ₹2.00 | 0.703% |
| 4 | Jul 27, 2021 | Jul 27, 2021 | Jul 27, 2021 | ₹2.00 | 0.792% |
| 5 | Aug 04, 2020 | Aug 04, 2020 | Aug 04, 2020 | ₹1.00 | 2.17% |
FAQ
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