LWS Knitwear 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
LWS Knitwear Limited stock price up 4.82% on Tuesday
(Updated on Jun 25, 2024)
The LWS Knitwear Limited stock price gained 4.82% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹44.36 to ₹46.50. During the last trading day the stock fluctuated 0.215% from a day low at ₹46.47 to a day high of ₹46.57. The price has risen in 7 of the last 10 days and is up by 24.63% 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, 361 more shares were traded than the day before. In total, 3 thousand shares were bought and sold for approximately ₹139.78 thousand.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹50.60 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 23.56% during the next 3 months and, with a 90% probability hold a price between ₹35.33 and ₹62.51 at the end of this 3-month period.
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LWSKNIT.BO Signals & Forecast
The LWS Knitwear 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 ₹46.77. On a fall, the stock will find some support from the long-term average at approximately ₹33.45. 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). LWS Knitwear Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, June 19, 2024, and so far it has fallen -6.87%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for LWS Knitwear Limited stock
LWS Knitwear Limited finds support from accumulated volume at ₹45.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹0.100 between high and low, or 0.215%. For the last week, the stock has had daily average volatility of 4.32%.
Our recommended stop-loss: ₹44.85 (-3.56%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (LWSKNIT.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect LWS Knitwear Limited to open at ₹46.51, and during the day (based on 14 day Average True Range), to move between ₹44.37 and ₹48.63, which gives a possible trading interval of +/-₹2.13 (+/-4.59%) up or down from last closing price. If LWS Knitwear Limited takes out the full calculated possible swing range there will be an estimated 9.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹45.70 (1.72%) than the resistance at ₹47.56 (2.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is LWS Knitwear 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 LWS Knitwear Limited stock to perform well in the short-term.
Current score: 2.376 Buy Candidate Unchanged
Predicted Opening Price for LWS Knitwear Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹46.51 ( 0.0287%) | ₹46.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LWSKNIT.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.61 | 0.244% |
| R2 | 46.58 | 0.162% |
| R1 | 46.55 | 0.111% |
| Price | 46.50 | |
| S1 | 46.48 | -0.0535% |
| S2 | 46.45 | -0.104% |
| S3 | 46.41 | -0.186% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 49.93 | 7.38% |
| R2 | 48.00 | 3.23% |
| R1 | 47.56 | 2.28% |
| Price | 46.50 | |
| S1 | 45.70 | -1.72% |
| S2 | 45.32 | -2.54% |
| S3 | 41.12 | -11.57% |
FAQ
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