K.M. Sugar Mills 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
Green day on Friday for K.M. Sugar Mills Limited stock after gaining 0.83%
(Updated on May 17, 2024)
The K.M. Sugar Mills Limited stock price gained 0.83% on the last trading day (Friday, 17th May 2024), rising from ₹37.56 to ₹37.87. During the last trading day the stock fluctuated 2.87% from a day low at ₹37.27 to a day high of ₹38.34. The price has been going up and down for this period, and there has been a -5.89% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 39 thousand more shares were traded than the day before. In total, 60 thousand shares were bought and sold for approximately ₹2.26 million.
The stock lies in the middle of a very 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 20.20% during the next 3 months and, with a 90% probability hold a price between ₹40.15 and ₹56.91 at the end of this 3-month period.
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KMSUGAR.BO Signals & Forecast
The K.M. Sugar Mills 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 ₹37.57 and ₹35.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 09, 2024, and so far it has risen 3.27%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for K.M. Sugar Mills Limited stock
K.M. Sugar Mills Limited finds support from accumulated volume at ₹36.26 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 ₹1.07 between high and low, or 2.87%. For the last week, the stock has had daily average volatility of 3.51%.
K.M. Sugar Mills Limited is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: ₹35.74 (-5.62%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 23 which reduces the risk some. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (KMSUGAR.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect K.M. Sugar Mills Limited to open at ₹37.83, and during the day (based on 14 day Average True Range), to move between ₹35.72 and ₹40.02, which gives a possible trading interval of +/-₹2.15 (+/-5.66%) up or down from last closing price. If K.M. Sugar Mills Limited takes out the full calculated possible swing range there will be an estimated 11.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹36.26 (4.25%) than the resistance at ₹40.35 (6.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
K.M. Sugar Mills Limited will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for K.M. Sugar Mills Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.92% in the first trading day after earnings release.
Is K.M. Sugar Mills Limited stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for K.M. Sugar Mills Limited stock to perform well in the short-term.
Current score: 4.598 Buy Candidate Unchanged
Predicted Opening Price for K.M. Sugar Mills Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹37.83 ( 0.114%) | ₹37.87 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KMSUGAR.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.90 | 2.71 % | |
| R2 | 38.49 | 1.63 % | ||
| R1 | 38.24 | 0.96 % | ||
| Current price: | 37.87 | |||
| Support | S1 | 37.42 | -1.19 % | |
| S2 | 37.17 | -1.86 % | ||
| S3 | 36.76 | -2.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 44.83 | 18.38 % | |
| R2 | 42.44 | 12.07 % | ||
| R1 | 40.35 | 6.55 % | ||
| Current price | 37.87 | |||
| Support | S1 | 36.26 | -4.25% | |
| S2 | 36.03 | -4.86% | ||
| S3 | 35.29 | -6.81% |
KMSUGAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 18, 2021 | Aug 18, 2021 | Aug 30, 2021 | ₹0.200 | 0.759% |
FAQ
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