LIC MF GSEC LNG TRM ETF/ETF GR FDS 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
Evaluation of LIC MF GSEC LNG TRM ETF/ETF GR FDS stock downgraded after the last trading session.
(Updated on May 17, 2024)
The LIC MF GSEC LNG TRM ETF/ETF GR FDS stock price gained 0.357% on the last trading day (Friday, 17th May 2024), rising from ₹25.18 to ₹25.27. During the last trading day the stock fluctuated 1.07% from a day low at ₹25.12 to a day high of ₹25.39. The price has risen in 7 of the last 10 days and is up by 0.96% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹83.97 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 narrow and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect LIC MF GSEC LNG TRM ETF/ETF GR FDS stock with a 90% probability to be traded between ₹25.26 and ₹25.56 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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LICNETFGSC.NS Signals & Forecast
The LIC MF GSEC LNG TRM ETF/ETF GR FDS 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 ₹25.16 and ₹25.08. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.08%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. 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. The stock had a Golden Star Signal on Friday, May 03, 2024 in the short-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
The stock had a Golden Star Signal on Friday, May 03, 2024 in the short-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 LIC MF GSEC LNG TRM ETF/ETF GR FDS stock
LIC MF GSEC LNG TRM ETF/ETF GR FDS finds support from accumulated volume at ₹25.05 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved ₹0.270 between high and low, or 1.07%. For the last week the stock has had daily average volatility of 1.44%
Our recommended stop-loss: ₹24.01 (-4.99%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (LICNETFGSC.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect LIC MF GSEC LNG TRM ETF/ETF GR FDS to open at ₹25.26, and during the day (based on 14 day Average True Range), to move between ₹24.82 and ₹25.72, which gives a possible trading interval of +/-₹0.452 (+/-1.79%) up or down from last closing price. If LIC MF GSEC LNG TRM ETF/ETF GR FDS takes out the full calculated possible swing range there will be an estimated 3.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹25.30 (0.12%) than the support at ₹25.05 (0.87%), 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 LIC MF GSEC LNG TRM ETF/ETF GR FDS stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for LIC MF GSEC LNG TRM ETF/ETF GR FDS stock to perform well in the short-term period. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.832 Buy Candidate Downgraded
Predicted Opening Price for LIC MF GSEC LNG TRM ETF/ETF GR FDS of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹25.26 ( 0.0396%) | ₹25.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LICNETFGSC.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 25.53 | 1.03 % | |
| R2 | 25.43 | 0.621 % | ||
| R1 | 25.36 | 0.369 % | ||
| Current price: | 25.27 | |||
| Support | S1 | 25.16 | -0.448 % | |
| S2 | 25.09 | -0.700 % | ||
| S3 | 24.99 | -1.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 25.30 | 0.119 % | ||
| Current price | 25.27 | |||
| Support | S1 | 25.05 | -0.87% | |
| S2 | 25.04 | -0.91% | ||
| S3 | 24.98 | -1.15% |
FAQ
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