Mazagon Dock Shipbuilders Limi 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
Red day on Friday for Mazagon Dock Shipbuilders Limi stock after losing 2.33%
(Updated on Jun 21, 2024)
The Mazagon Dock Shipbuilders Limi stock price fell by -2.33% on the last day (Friday, 21st Jun 2024) from ₹3,987.00 to ₹3,894.30. During the last trading day the stock fluctuated 4.36% from a day low at ₹3,850.00 to a day high of ₹4,017.90. The price has risen in 6 of the last 10 days and is up by 23.25% over the past 2 weeks. Volume has increased on the last day by 67 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 260 thousand shares were bought and sold for approximately ₹1.01 billion.
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 75.89% during the next 3 months and, with a 90% probability hold a price between ₹5,286.45 and ₹7,511.85 at the end of this 3-month period.
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MAZDOCK.BO Signals & Forecast
The Mazagon Dock Shipbuilders Limi 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 ₹3,783.96 and ₹2,966.20. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, June 18, 2024, and so far it has fallen -6.70%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Mazagon Dock Shipbuilders Limi stock
Mazagon Dock Shipbuilders Limi finds support from accumulated volume at ₹3,874.65 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 ₹167.90 between high and low, or 4.36%. For the last week, the stock has had daily average volatility of 9.08%.
Our recommended stop-loss: ₹3,746.64 (-3.79%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (MAZDOCK.BO) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Mazagon Dock Shipbuilders Limi to open at ₹3,920.73, and during the day (based on 14 day Average True Range), to move between ₹3,643.95 and ₹4,144.65, which gives a possible trading interval of +/-₹250.35 (+/-6.43%) up or down from last closing price. If Mazagon Dock Shipbuilders Limi takes out the full calculated possible swing range there will be an estimated 12.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹3,874.65 (0.50%) than the resistance at ₹3,968.25 (1.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Mazagon Dock Shipbuilders Limi 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 Mazagon Dock Shipbuilders Limi stock to perform well in the short-term.
Current score: 3.507 Buy Candidate Unchanged
Predicted Opening Price for Mazagon Dock Shipbuilders Limi of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| ₹3,920.73 ( 0.679%) | ₹3,894.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAZDOCK.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,088.63 | 4.99% |
| R2 | 4,024.50 | 3.34% |
| R1 | 3,984.87 | 2.33% |
| Price | 3,894.30 | |
| S1 | 3,856.60 | -0.97% |
| S2 | 3,816.97 | -1.99% |
| S3 | 3,752.83 | -3.63% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4,173.85 | 7.18% |
| R2 | 3,987.00 | 2.38% |
| R1 | 3,968.25 | 1.90% |
| Price | 3,894.30 | |
| S1 | 3,874.65 | -0.505% |
| S2 | 3,358.20 | -13.77% |
| S3 | 3,292.10 | -15.46% |
MAZDOCK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 20, 2023 | Nov 20, 2023 | Dec 08, 2023 | ₹15.34 | 0.746% |
| 2 | Sep 20, 2023 | Sep 20, 2023 | Oct 27, 2023 | ₹6.86 | 0.334% |
| 3 | Nov 21, 2022 | Nov 21, 2022 | Oct 27, 2022 | ₹9.10 | 1.45% |
FAQ
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