Murudeshwar Ceramics 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
Murudeshwar Ceramics Limited stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on Jun 18, 2024)
The Murudeshwar Ceramics Limited stock price gained 2.01% on the last trading day (Tuesday, 18th Jun 2024), rising from ₹46.32 to ₹47.25. During the last trading day the stock fluctuated 4.14% from a day low at ₹46.57 to a day high of ₹48.50. The price has risen in 7 of the last 10 days and is up by 6.18% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 93 thousand shares were bought and sold for approximately ₹4.38 million. 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 lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.32% during the next 3 months and, with a 90% probability hold a price between ₹36.74 and ₹47.96 at the end of this 3-month period.
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MURUDCERA.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 17.39%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Murudeshwar Ceramics Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹47.62. On a fall, the stock will find some support from the short-term average at ₹45.96. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Murudeshwar Ceramics Limited stock
Murudeshwar Ceramics Limited finds support from accumulated volume at ₹45.86 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹1.93 between high and low, or 4.14%. For the last week, the stock has had daily average volatility of 3.68%.
Our recommended stop-loss: ₹45.58 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 35 days ago.)
Trading Expectations (MURUDCERA.NS) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect Murudeshwar Ceramics Limited to open at ₹47.44, and during the day (based on 14 day Average True Range), to move between ₹44.92 and ₹49.58, which gives a possible trading interval of +/-₹2.33 (+/-4.93%) up or down from last closing price. If Murudeshwar Ceramics Limited takes out the full calculated possible swing range there will be an estimated 9.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹45.86 (2.94%) than the resistance at ₹48.75 (3.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Murudeshwar Ceramics Limited stock A Buy?
Murudeshwar Ceramics 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.672 Hold/Accumulate Upgraded
Predicted Opening Price for Murudeshwar Ceramics Limited of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| ₹47.44 ( 0.402%) | ₹47.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MURUDCERA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 49.37 | 4.49% |
| R2 | 48.63 | 2.93% |
| R1 | 48.18 | 1.96% |
| Price | 47.25 | |
| S1 | 46.70 | -1.16% |
| S2 | 46.25 | -2.12% |
| S3 | 45.51 | -3.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 54.10 | 14.50% |
| R2 | 49.85 | 5.50% |
| R1 | 48.75 | 3.17% |
| Price | 47.25 | |
| S1 | 45.86 | -2.94% |
| S2 | 45.80 | -3.07% |
| S3 | 42.95 | -9.10% |
MURUDCERA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 2023 | Sep 14, 2023 | Oct 22, 2023 | ₹0.500 | 0.81% |
| 2 | Jun 27, 2009 | Sep 14, 2009 | Oct 23, 2009 | ₹0.455 | 1.78% |
| 3 | Jun 29, 2008 | Sep 17, 2008 | Oct 25, 2008 | ₹0.91 | 4.56% |
| 4 | Jun 23, 2007 | Sep 18, 2007 | Oct 25, 2007 | ₹1.52 | 1.69% |
| 5 | Jul 28, 2006 | Sep 18, 2006 | Oct 05, 2006 | ₹1.52 | 2.08% |
FAQ
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