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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 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PTL.NS
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PTL Enterprises Limited stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 14, 2024)

Sell candidate since Jun 14, 2024 PDF

The PTL Enterprises Limited stock price fell by -0.774% on the last day (Friday, 14th Jun 2024) from ₹42.66 to ₹42.33. During the last trading day the stock fluctuated 2.33% from a day low at ₹42.01 to a day high of ₹42.99. The price has risen in 6 of the last 10 days and is up by 3.12% 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 -8 thousand shares and in total, 113 thousand shares were bought and sold for approximately ₹4.77 million.

The stock lies in the middle of a wide and weak 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 3.48% during the next 3 months and, with a 90% probability hold a price between ₹40.26 and ₹48.23 at the end of this 3-month period.

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PTL.NS Signals & Forecast

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 PTL Enterprises 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 ₹42.34. On a fall, the stock will find some support from the short-term average at ₹42.00. 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. A sell signal was issued from a pivot top point on Thursday, June 13, 2024, and so far it has fallen -0.774%. Further fall is indicated until a new bottom pivot has been found. 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 PTL Enterprises Limited stock

PTL Enterprises Limited finds support from accumulated volume at ₹42.20 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 ₹0.98 between high and low, or 2.33%. For the last week, the stock has had daily average volatility of 1.99%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PTL.NS) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect PTL Enterprises Limited to open at ₹42.44, and during the day (based on 14 day Average True Range), to move between ₹41.05 and ₹43.61, which gives a possible trading interval of +/-₹1.28 (+/-3.03%) up or down from last closing price. If PTL Enterprises Limited takes out the full calculated possible swing range there will be an estimated 6.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹42.35 (0.05%) than the support at ₹42.20 (0.31%), 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 PTL Enterprises Limited stock A Buy?

PTL Enterprises 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: -1.222 Sell Candidate Downgraded

Predicted Opening Price for PTL Enterprises Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹42.44 ( 0.268%) ₹42.33

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

Trading levels for PTL.NS

Fibonacci Support & Resistance Levels

Level Price
R3 43.42 2.58%
R2 43.05 1.70%
R1 42.82 1.15%
Price 42.33
S1 42.07 -0.617%
S2 41.84 -1.16%
S3 41.46 -2.05%

Accumulated Volume Support & Resistance Levels

Level Price
R3 44.90 6.07%
R2 43.85 3.59%
R1 42.35 0.0472%
Price 42.33
S1 42.20 -0.307%
S2 42.10 -0.543%
S3 41.05 -3.02%

PTL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 14, 2023 Jul 14, 2023 Jul 14, 2023 ₹1.75 5.20%
2 Jun 30, 2022 Jun 30, 2022 Jun 30, 2022 ₹2.00 6.36%
3 Jul 01, 2021 Jul 01, 2021 Jul 01, 2021 ₹1.25 4.76%
4 Sep 03, 2020 Sep 03, 2020 Sep 03, 2020 ₹1.25 5.65%
5 Feb 21, 2020 Mar 04, 2020 Mar 27, 2020 ₹1.25 8.97%

FAQ

What is the symbol for PTL Enterprises Limited Stock and on which exchange is it traded?
The symbol for PTL Enterprises Limited is PTL.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell PTL Enterprises Limited Stock?
PTL Enterprises 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.

How to buy PTL Enterprises Limited Stock?
PTL Enterprises Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PTL Enterprises Limited Stock.

What's the current price of PTL Enterprises Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an PTL Enterprises Limited (PTL.NS) share was ₹42.33.

What is the 52-week high and low for PTL Enterprises Limited Stock?
The 52-week high for PTL Enterprises Limited Stock is ₹54.10 and the 52-week low is ₹32.10.

What is the market capitalization of PTL Enterprises Limited Stock?
As of the Jun 14, 2024, the market capitalization of PTL Enterprises Limited is 5.604B.

When is the next earnings date for PTL Enterprises Limited?
The upcoming earnings date for PTL Enterprises Limited is Aug 08, 2024.
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About PTL Enterprises Limited

PTL Enterprises Limited engages in the lease of plant to Apollo Tyres Limited. The company was formerly known as Premier Tyres Ltd. PTL Enterprises Limited was incorporated in 1959 and is based in Gurugram, India. PTL Enterprises Limited is a subsidiary of Sunrays Properties & Investment Co. Pvt. Ltd.... PTL.NS Profile

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