Krebs Biochemicals & Industries Limited Stock Forecast
Krebs Biochemicals & Industries Limited stock price up 4.77% on Thursday
(Updated on May 02, 2024)
The Krebs Biochemicals & Industries Limited stock price gained 4.77% on the last trading day (Thursday, 2nd May 2024), rising from ₹71.35 to ₹74.75. During the last trading day the stock fluctuated 9.34% from a day low at ₹70.10 to a day high of ₹76.65. The price has fallen in 5 of the last 10 days but is still up by 1.91% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 27 thousand more shares were traded than the day before. In total, 27 thousand shares were bought and sold for approximately ₹1.99 million.
Given the current short-term trend, the stock is expected to fall -3.49% during the next 3 months and, with a 90% probability hold a price between ₹58.29 and ₹72.14 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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KREBSBIO.NS Signals & Forecast
The Krebs Biochemicals & Industries 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 ₹72.41 and ₹69.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 28, 2024, and so far it has risen 21.64%. 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 Krebs Biochemicals & Industries Limited stock
Krebs Biochemicals & Industries Limited finds support from accumulated volume at ₹72.75 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹6.55 between high and low, or 9.34%. For the last week the stock has had daily average volatility of 4.11%.
Our recommended stop-loss: ₹71.34 (-4.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (KREBSBIO.NS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Krebs Biochemicals & Industries Limited to open at ₹73.83, and during the day (based on 14 day Average True Range), to move between ₹71.40 and ₹78.10, which gives a possible trading interval of +/-₹3.35 (+/-4.48%) 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 8.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹74.95 (0.27%) than the support at ₹72.75 (2.68%), 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 Krebs Biochemicals & Industries Limited stock A Buy?
Krebs Biochemicals & Industries 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Krebs Biochemicals & Industries Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| ₹73.83 ( 1.23%) | ₹74.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KREBSBIO.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 80.38 | 7.54 % | |
| R2 | 77.88 | 4.19 % | ||
| R1 | 76.34 | 2.12 % | ||
| Current price: | 74.75 | |||
| Support | S1 | 71.33 | -4.57 % | |
| S2 | 69.79 | -6.64 % | ||
| S3 | 67.28 | -9.99 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 77.25 | 3.34 % | |
| R2 | 75.05 | 0.401 % | ||
| R1 | 74.95 | 0.268 % | ||
| Current price | 74.75 | |||
| Support | S1 | 72.75 | -2.68% | |
| S2 | 67.00 | -10.37% | ||
| S3 | 61.45 | -17.79% |
KREBSBIO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 09, 2005 | Sep 14, 2005 | Oct 01, 2005 | ₹2.90 | 0% |
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