JUBILANT PHARMOVA LIMITED Stock Forecast
Weaker technical forecast for JUBILANT PHARMOVA LIMITED as stock downgraded to Sell Candidate.
(Updated on May 31, 2024)
The JUBILANT PHARMOVA LIMITED stock price fell by -3.65% on the last day (Friday, 31st May 2024) from ₹711.30 to ₹685.35. During the last trading day the stock fluctuated 6.49% from a day low at ₹673.30 to a day high of ₹717.00. The price has risen in 6 of the last 10 days but is still down by -4.78% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -241 thousand shares and in total, 18 thousand shares were bought and sold for approximately ₹12.23 million.
Given the current short-term trend, the stock is expected to rise 31.29% during the next 3 months and, with a 90% probability hold a price between ₹899.79 and ₹982.73 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
JUBLPHARMA.BO Signals & Forecast
There are few to no technical positive signals at the moment. The JUBILANT PHARMOVA 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 ₹702.89 and ₹687.95. 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 17, 2024, and so far it has fallen -4.79%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for JUBILANT PHARMOVA LIMITED stock
JUBILANT PHARMOVA LIMITED finds support from accumulated volume at ₹677.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹43.70 (6.49%) between high and low. For the last week, the stock has had daily average volatility of 4.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (JUBLPHARMA.BO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect JUBILANT PHARMOVA LIMITED to open at ₹691.88, and during the day (based on 14 day Average True Range), to move between ₹657.70 and ₹713.00, which gives a possible trading interval of +/-₹27.65 (+/-4.03%) up or down from last closing price. If JUBILANT PHARMOVA LIMITED takes out the full calculated possible swing range there will be an estimated 8.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹677.90 (1.09%) than the resistance at ₹700.65 (2.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is JUBILANT PHARMOVA LIMITED stock A Buy?
The JUBILANT PHARMOVA LIMITED stock holds several negative signals and despite the positive trend, we believe JUBILANT PHARMOVA LIMITED will perform weakly in the next couple of days or weeks. Therefore, we 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: -4.504 Sell Candidate Downgraded
Predicted Opening Price for JUBILANT PHARMOVA LIMITED of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹691.88 ( 0.95%) | ₹685.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for JUBLPHARMA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 735.58 | 7.33 % | |
| R2 | 718.89 | 4.89 % | ||
| R1 | 708.58 | 3.39 % | ||
| Current price: | 685.35 | |||
| Support | S1 | 675.19 | -1.48 % | |
| S2 | 664.88 | -2.99 % | ||
| S3 | 648.18 | -5.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 711.30 | 3.79 % | |
| R2 | 701.65 | 2.38 % | ||
| R1 | 700.65 | 2.23 % | ||
| Current price | 685.35 | |||
| Support | S1 | 677.90 | -1.09% | |
| S2 | 644.30 | -5.99% | ||
| S3 | 637.80 | -6.94% |
JUBLPHARMA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 10, 2023 | Aug 10, 2023 | Sep 30, 2023 | ₹5.00 | 1.15% |
| 2 | Aug 11, 2022 | Aug 11, 2022 | Oct 25, 2022 | ₹5.00 | 1.48% |
| 3 | Aug 16, 2017 | Aug 16, 2017 | Sep 27, 2017 | ₹3.00 | 0.466% |
| 4 | Aug 18, 2016 | Aug 18, 2016 | Aug 18, 2016 | ₹3.00 | 0.614% |
| 5 | Aug 20, 2015 | Aug 20, 2015 | Aug 20, 2015 | ₹3.00 | 0.85% |
FAQ
Click here for our free guide on how to buy JUBILANT PHARMOVA LIMITED Stock.
