KNR Constructions 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
KNR Constructions Limited stock price up 0.419% on Thursday
(Updated on Jun 20, 2024)
The KNR Constructions Limited stock price gained 0.419% on the last trading day (Thursday, 20th Jun 2024), rising from ₹358.05 to ₹359.55. During the last trading day the stock fluctuated 2.92% from a day low at ₹356.00 to a day high of ₹366.40. The price has risen in 6 of the last 10 days and is up by 5.92% over the past 2 weeks. Volume fell on the last day by -358 thousand shares and in total, 52 thousand shares were bought and sold for approximately ₹18.53 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 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 42.55% during the next 3 months and, with a 90% probability hold a price between ₹426.75 and ₹562.30 at the end of this 3-month period.
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KNRCON.BO Signals & Forecast
The KNR Constructions 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 ₹372.07. On a fall, the stock will find some support from the long-term average at approximately ₹301.11. 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 Friday, June 14, 2024, and so far it has fallen -7.39%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Thursday, February 15, 2024 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, February 15, 2024 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for KNR Constructions Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹318.20 and ₹302.55. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, KNR Constructions Limited finds support just below today's level at ₹318.20. If this is broken, then the next support from accumulated volume will be at ₹302.55 and ₹297.50.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved ₹10.40 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 4.94%.
Our recommended stop-loss: ₹343.19 (-4.55%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (KNRCON.BO) For The Upcoming Trading Day Of Friday 21st
For the upcoming trading day on Friday, 21st we expect KNR Constructions Limited to open at ₹360.65, and during the day (based on 14 day Average True Range), to move between ₹339.69 and ₹379.41, which gives a possible trading interval of +/-₹19.86 (+/-5.52%) up or down from last closing price. If KNR Constructions Limited takes out the full calculated possible swing range there will be an estimated 11.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹372.35 (3.56%) than the support at ₹318.20 (11.50%), 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 KNR Constructions Limited stock A Buy?
KNR Constructions Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.183 Hold/Accumulate Unchanged
Predicted Opening Price for KNR Constructions Limited of Friday, June 21, 2024
| Fair opening price June 21, 2024 | Current price |
|---|---|
| ₹360.65 ( 0.306%) | ₹359.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KNRCON.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 371.05 | 3.20% |
| R2 | 367.08 | 2.09% |
| R1 | 364.62 | 1.41% |
| Price | 359.55 | |
| S1 | 356.68 | -0.799% |
| S2 | 354.22 | -1.48% |
| S3 | 350.25 | -2.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 379.20 | 5.47% |
| R2 | 373.45 | 3.87% |
| R1 | 372.35 | 3.56% |
| Price | 359.55 | |
| S1 | 318.20 | -11.50% |
| S2 | 302.55 | -15.85% |
| S3 | 297.50 | -17.26% |
KNRCON Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 28, 2023 | ₹0.250 | 0.0948% |
| 2 | Sep 21, 2022 | Sep 21, 2022 | Oct 29, 2022 | ₹0.250 | 0.113% |
| 3 | Sep 21, 2017 | Sep 21, 2017 | Oct 28, 2017 | ₹0.500 | 0.394% |
| 4 | Mar 22, 2016 | Mar 22, 2016 | Mar 22, 2016 | ₹1.00 | 1.94% |
| 5 | Sep 23, 2015 | Sep 23, 2015 | Sep 23, 2015 | ₹1.00 | 1.78% |
FAQ
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