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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 20 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PARKERAC.BO
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Parker Agrochem Exports Ltd. stock price ended at ₹24.32 on Friday, after gaining 1.97%.
(Updated on May 17, 2024)

Buy or Hold candidate since Apr 16, 2024 Gain 11.56% PDF

The Parker Agrochem Exports Ltd. stock price gained 1.97% on the last trading day (Friday, 17th May 2024), rising from ₹23.85 to ₹24.32. During the last trading day the stock fluctuated 3.93% from a day low at ₹23.40 to a day high of ₹24.32. The price has fallen in 6 of the last 10 days and is down by -6.46% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 209 more shares were traded than the day before. In total, 308 shares were bought and sold for approximately ₹7.49 thousand.

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 17.00% during the next 3 months and, with a 90% probability hold a price between ₹25.26 and ₹33.00 at the end of this 3-month period.

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PARKERAC.BO Signals & Forecast

The Parker Agrochem Exports Ltd. 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 ₹24.41. On a fall, the stock will find some support from the long-term average at approximately ₹23.33. 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. Parker Agrochem Exports Ltd. 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. The very low volume increases the risk and reduces the other technical signals issued. 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 Friday, April 26, 2024, and so far it has fallen -10.59%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Parker Agrochem Exports Ltd. stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹22.59 and ₹22.28. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Parker Agrochem Exports Ltd. finds support just below today's level at ₹22.59. If this is broken, then the next support from accumulated volume will be at ₹22.28 and ₹19.73.

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 ₹0.92 between high and low, or 3.93%. For the last week, the stock has had daily average volatility of 0.91%.

Parker Agrochem Exports Ltd. is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

Our recommended stop-loss: ₹22.85 (-6.03%) (This stock has medium daily movements and this gives medium risk. Low RSI14 is 12 which reduces the risk some. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (PARKERAC.BO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Parker Agrochem Exports Ltd. to open at ₹24.01, and during the day (based on 14 day Average True Range), to move between ₹23.79 and ₹24.85, which gives a possible trading interval of +/-₹0.528 (+/-2.17%) up or down from last closing price. If Parker Agrochem Exports Ltd. takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹24.89 (2.34%) than the support at ₹22.59 (7.11%), 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 Parker Agrochem Exports Ltd. 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 Parker Agrochem Exports Ltd. stock to perform well in the short-term.

Current score: 3.082 Buy Candidate Unchanged

Predicted Opening Price for Parker Agrochem Exports Ltd. of Tuesday, May 21, 2024

Fair opening price May 21, 2024 Current price
₹24.01 ( 1.26%) ₹24.32

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PARKERAC.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 24.93 2.52 %
R2 24.58 1.08 %
R1 24.36 0.184 %
Current price: 24.32
Support S1 23.66 -2.71 %
S2 23.44 -3.60 %
S3 23.09 -5.04 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 26.71 9.83 %
R2 26.46 8.80 %
R1 24.89 2.34 %
Current price 24.32
Support S1 22.59 -7.11%
S2 22.28 -8.39%
S3 19.73 -18.87%

FAQ

What is the symbol for Parker Agrochem Exports Ltd. Stock and on which exchange is it traded?
The symbol for Parker Agrochem Exports Ltd. is PARKERAC.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Parker Agrochem Exports Ltd. Stock?
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 Parker Agrochem Exports Ltd. stock to perform well in the short-term.

How to buy Parker Agrochem Exports Ltd. Stock?
Parker Agrochem Exports Ltd. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Parker Agrochem Exports Ltd. Stock.

What's the current price of Parker Agrochem Exports Ltd. Stock?
As of the end of day on the May 17, 2024, the price of an Parker Agrochem Exports Ltd. (PARKERAC.BO) share was ₹24.32.

What is the 52-week high and low for Parker Agrochem Exports Ltd. Stock?
The 52-week high for Parker Agrochem Exports Ltd. Stock is ₹29.13 and the 52-week low is ₹7.51.

What is the market capitalization of Parker Agrochem Exports Ltd. Stock?
As of the May 17, 2024, the market capitalization of Parker Agrochem Exports Ltd. is 116.216M.
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