Jubilant FoodWorks Limited Stock Forecast
Green day on Friday for Jubilant FoodWorks Limited stock after gaining 1.61%
(Updated on May 10, 2024)
The Jubilant FoodWorks Limited stock price gained 1.61% on the last trading day (Friday, 10th May 2024), rising from ₹455.25 to ₹462.60. During the last trading day the stock fluctuated 3.03% from a day low at ₹454.00 to a day high of ₹467.75. The price has risen in 6 of the last 10 days and is up by 5.77% over the past 2 weeks. Volume fell on the last day by -512 thousand shares and in total, 2 million shares were bought and sold for approximately ₹838.08 million. 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.87% during the next 3 months and, with a 90% probability hold a price between ₹387.44 and ₹450.71 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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JUBLFOOD.NS Signals & Forecast
The Jubilant FoodWorks Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹465.75. On a fall, the stock will find some support from the long-term average at approximately ₹453.55. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -3.69%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Jubilant FoodWorks Limited stock
Jubilant FoodWorks Limited finds support from accumulated volume at ₹461.35 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 ₹13.75 between high and low, or 3.03%. For the last week, the stock has had daily average volatility of 4.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JUBLFOOD.NS) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Jubilant FoodWorks Limited to open at ₹461.45, and during the day (based on 14 day Average True Range), to move between ₹449.36 and ₹475.84, which gives a possible trading interval of +/-₹13.24 (+/-2.86%) up or down from last closing price. If Jubilant FoodWorks Limited takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹463.20 (0.13%) than the support at ₹461.35 (0.27%), 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 Jubilant FoodWorks Limited stock A Buy?
Jubilant FoodWorks 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.
Current score: -2.688 Sell Candidate Unchanged
Predicted Opening Price for Jubilant FoodWorks Limited of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| ₹461.45 ( 0.249%) | ₹462.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JUBLFOOD.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 475.20 | 2.72 % | |
| R2 | 469.95 | 1.59 % | ||
| R1 | 466.70 | 0.89 % | ||
| Current price: | 462.60 | |||
| Support | S1 | 456.20 | -1.38 % | |
| S2 | 452.95 | -2.09 % | ||
| S3 | 447.70 | -3.22 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 480.30 | 3.83 % | |
| R2 | 472.65 | 2.17 % | ||
| R1 | 463.20 | 0.130 % | ||
| Current price | 462.60 | |||
| Support | S1 | 461.35 | -0.270% | |
| S2 | 460.25 | -0.508% | ||
| S3 | 454.85 | -1.68% |
JUBLFOOD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | ₹1.20 | 0.250% |
| 2 | Jul 08, 2022 | Jul 08, 2022 | Jul 08, 2022 | ₹1.20 | 0.209% |
| 3 | Aug 06, 2021 | Aug 06, 2021 | Aug 06, 2021 | ₹1.20 | 0.161% |
| 4 | Feb 27, 2020 | Mar 09, 2020 | Mar 27, 2020 | ₹1.20 | 0.424% |
| 5 | May 15, 2019 | Sep 16, 2019 | Sep 27, 2019 | ₹1.00 | 0.365% |
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