Krebs Biochemicals & Industries Limited Stock Forecast
Krebs Biochemicals & Industries Limited stock upgraded to Hold/Accumulate.
(Updated on May 17, 2024)
The Krebs Biochemicals & Industries Limited stock price gained 0.224% on the last trading day (Friday, 17th May 2024), rising from ₹66.85 to ₹67.00. During the last trading day the stock fluctuated 0.90% from a day low at ₹66.85 to a day high of ₹67.45. The price has been going up and down for this period, and there has been a -7.69% loss for the last 2 weeks. Volume fell on the last day by -181 shares and in total, 325 shares were bought and sold for approximately ₹21.78 thousand. 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Krebs Biochemicals & Industries Limited stock with a 90% probability to be traded between ₹60.04 and ₹74.14 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KREBSBIO.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 1.68%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Krebs Biochemicals & Industries Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹67.37 and ₹69.73. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Krebs Biochemicals & Industries Limited stock
Krebs Biochemicals & Industries Limited finds support from accumulated volume at ₹65.98 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹0.600 between high and low, or 0.90%. For the last week the stock has had daily average volatility of 2.82%.
Our recommended stop-loss: ₹63.45 (-5.29%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (KREBSBIO.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Krebs Biochemicals & Industries Limited to open at ₹67.10, and during the day (based on 14 day Average True Range), to move between ₹64.17 and ₹69.83, which gives a possible trading interval of +/-₹2.83 (+/-4.23%) up or down from last closing price. If Krebs Biochemicals & Industries Limited takes out the full calculated possible swing range there will be an estimated 8.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹67.40 (0.60%) than the support at ₹65.98 (1.52%), 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.
Earnings coming up
Krebs Biochemicals & Industries Limited will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for Krebs Biochemicals & Industries Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.98% in the first trading day after earnings release.
Is Krebs Biochemicals & Industries Limited stock A Buy?
Krebs Biochemicals & Industries Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.917 Hold/Accumulate Upgraded
Predicted Opening Price for Krebs Biochemicals & Industries Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹67.10 ( 0.149%) | ₹67.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KREBSBIO.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.70 | 1.04 % | |
| R2 | 67.47 | 0.703 % | ||
| R1 | 67.33 | 0.491 % | ||
| Current price: | 67.00 | |||
| Support | S1 | 66.87 | -0.193 % | |
| S2 | 66.73 | -0.404 % | ||
| S3 | 66.50 | -0.746 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.79 | 8.64 % | |
| R2 | 67.82 | 1.22 % | ||
| R1 | 67.40 | 0.597 % | ||
| Current price | 67.00 | |||
| Support | S1 | 65.98 | -1.52% | |
| S2 | 65.89 | -1.66% | ||
| S3 | 63.82 | -4.75% |
KREBSBIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 2005 | Sep 14, 2005 | Sep 14, 2005 | ₹3.00 | 1.83% |
| 2 | Sep 21, 2004 | Sep 21, 2004 | Sep 21, 2004 | ₹8.00 | 3.98% |
FAQ
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