PNC Infratech 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
Evaluation of PNC Infratech Limited stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The PNC Infratech Limited stock price fell by -0.486% on the last day (Friday, 28th Jun 2024) from ₹483.80 to ₹481.45. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.10% from a day low at ₹477.00 to a day high of ₹487.00. The price has fallen in 6 of the last 10 days but is still up by 0.18% over the past 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 -117 thousand shares and in total, 540 thousand shares were bought and sold for approximately ₹259.91 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹471.55 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 14.49% during the next 3 months and, with a 90% probability hold a price between ₹539.89 and ₹673.34 at the end of this 3-month period.
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PNCINFRA.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 3.68%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The PNC Infratech 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 ₹485.99. On a fall, the stock will find some support from the short-term average at ₹478.98. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 PNC Infratech Limited stock
PNC Infratech Limited finds support from accumulated volume at ₹478.90 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 ₹10.00 between high and low, or 2.10%. For the last week, the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PNCINFRA.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect PNC Infratech Limited to open at ₹481.82, and during the day (based on 14 day Average True Range), to move between ₹460.22 and ₹502.68, which gives a possible trading interval of +/-₹21.23 (+/-4.41%) up or down from last closing price. If PNC Infratech Limited takes out the full calculated possible swing range there will be an estimated 8.82% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹478.90 (0.53%) than the resistance at ₹517.60 (7.51%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is PNC Infratech Limited stock A Buy?
PNC Infratech Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.257 Sell Candidate Downgraded
Predicted Opening Price for PNC Infratech Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹481.82 ( 0.0762%) | ₹481.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PNCINFRA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 491.82 | 2.15% |
| R2 | 488.00 | 1.36% |
| R1 | 485.64 | 0.87% |
| Price | 481.45 | |
| S1 | 478.00 | -0.717% |
| S2 | 475.64 | -1.21% |
| S3 | 471.82 | -2.00% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 537.30 | 11.60% |
| R2 | 528.95 | 9.87% |
| R1 | 517.60 | 7.51% |
| Price | 481.45 | |
| S1 | 478.90 | -0.530% |
| S2 | 470.40 | -2.30% |
| S3 | 464.30 | -3.56% |
PNCINFRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 22, 2023 | Sep 22, 2023 | Oct 29, 2023 | ₹0.500 | 0.147% |
| 2 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | ₹0.500 | 0.184% |
| 3 | Sep 21, 2021 | Sep 21, 2021 | Sep 21, 2021 | ₹0.500 | 0.141% |
| 4 | Mar 09, 2020 | Mar 19, 2020 | Mar 31, 2020 | ₹0.500 | 0.532% |
| 5 | May 24, 2019 | Sep 20, 2019 | Oct 30, 2019 | ₹0.500 | 0.289% |
FAQ
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