Oracle Financial Services Software Ltd 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
Oracle Financial Services Software Ltd stock price ended at ₹7,786.00 on Friday, after losing 1.34%.
(Updated on May 17, 2024)
The Oracle Financial Services Software Ltd stock price fell by -1.34% on the last day (Friday, 17th May 2024) from ₹7,891.75 to ₹7,786.00. During the last trading day the stock fluctuated 1.85% from a day low at ₹7,770.00 to a day high of ₹7,913.70. The price has been going up and down for this period, and there has been a 0.07% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -58 thousand shares and in total, 97 thousand shares were bought and sold for approximately ₹756.61 million.
The stock lies in the middle of a 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 -4.70% during the next 3 months and, with a 90% probability hold a price between ₹6,698.50 and ₹8,304.33 at the end of this 3-month period.
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OFSS.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 9.00%. 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. The Oracle Financial Services Software Ltd 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 ₹7,957.15. On a fall, the stock will find some support from the short-term average at ₹7,740.06. 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. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Oracle Financial Services Software Ltd stock
Oracle Financial Services Software Ltd finds support from accumulated volume at ₹7,598.65 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved ₹143.70 (1.85%) between high and low. For the last week, the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: ₹7,395.15 (-5.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (OFSS.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Oracle Financial Services Software Limited to open at ₹7,823.23, and during the day (based on 14 day Average True Range), to move between ₹7,573.61 and ₹7,998.39, which gives a possible trading interval of +/-₹212.39 (+/-2.73%) up or down from last closing price. If Oracle Financial Services Software Limited takes out the full calculated possible swing range there will be an estimated 5.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹7,598.65 (2.41%) than the resistance at ₹8,270.40 (6.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Oracle Financial Services Software Limited stock A Buy?
Oracle Financial Services Software Ltd 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: 0.054 Hold/Accumulate Unchanged
Predicted Opening Price for Oracle Financial Services Software Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹7,823.23 ( 0.478%) | ₹7,786.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OFSS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7,966.93 | 2.32 % | |
| R2 | 7,912.04 | 1.62 % | ||
| R1 | 7,878.13 | 1.18 % | ||
| Current price: | 7,786.00 | |||
| Support | S1 | 7,768.34 | -0.227 % | |
| S2 | 7,734.43 | -0.662 % | ||
| S3 | 7,679.53 | -1.37 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8,764.30 | 12.56 % | |
| R2 | 8,453.30 | 8.57 % | ||
| R1 | 8,270.40 | 6.22 % | ||
| Current price | 7,786.00 | |||
| Support | S1 | 7,598.65 | -2.41% | |
| S2 | 7,490.60 | -3.79% | ||
| S3 | 7,143.05 | -8.26% |
OFSS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 23, 2024 | ₹240.00 | 3.09% |
| 2 | May 09, 2023 | May 09, 2023 | May 09, 2023 | ₹225.00 | 6.55% |
| 3 | May 13, 2022 | May 13, 2022 | May 13, 2022 | ₹190.00 | 5.88% |
| 4 | May 17, 2021 | May 17, 2021 | May 17, 2021 | ₹200.00 | 5.68% |
| 5 | May 08, 2020 | May 19, 2020 | Jun 06, 2020 | ₹180.00 | 7.09% |
FAQ
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