The Standard Batteries 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
The Standard Batteries Limited stock price ended at ₹104.95 on Friday, after losing 1.96%.
(Updated on May 31, 2024)
The The Standard Batteries Limited stock price fell by -1.96% on the last day (Friday, 31st May 2024) from ₹107.05 to ₹104.95. It has now fallen 10 days in a row. During the last trading day the stock fluctuated 0% from a day low at ₹104.95 to a day high of ₹104.95. The price has fallen in 10 of the last 10 days and is down by -19.76% for this period. 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 -518 shares and in total, 1 thousand shares were bought and sold for approximately ₹138.01 thousand.
Given the current short-term trend, the stock is expected to rise 128.68% during the next 3 months and, with a 90% probability hold a price between ₹240.00 and ₹414.93 at the end of this 3-month period.
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STDBAT.BO Signals & Forecast
There are few to no technical positive signals at the moment. The The Standard Batteries Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹111.50 and ₹113.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -30.24%. 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). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Thursday, July 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, July 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for The Standard Batteries Limited stock
The Standard Batteries Limited finds support from accumulated volume at ₹101.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STDBAT.BO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect The Standard Batteries Limited to open at ₹104.95, and during the day (based on 14 day Average True Range), to move between ₹101.74 and ₹108.16, which gives a possible trading interval of +/-₹3.21 (+/-3.06%) up or down from last closing price. If The Standard Batteries Limited takes out the full calculated possible swing range there will be an estimated 6.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹101.89 (2.92%) than the resistance at ₹112.32 (7.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The Standard Batteries Limited stock A Buy?
The The Standard Batteries Limited stock holds several negative signals and despite the positive trend, we believe The Standard Batteries Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.299 Sell Candidate Unchanged
Predicted Opening Price for The Standard Batteries Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹104.95 ( 0%) | ₹104.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STDBAT.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 104.95 | . | |
| R2 | 104.95 | . | ||
| R1 | 104.95 | . | ||
| Current price: | 104.95 | |||
| Support | S1 | 104.95 | . | |
| S2 | 104.95 | . | ||
| S3 | 104.95 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 130.00 | 23.87 % | |
| R2 | 123.82 | 17.98 % | ||
| R1 | 112.32 | 7.02 % | ||
| Current price | 104.95 | |||
| Support | S1 | 101.89 | -2.92% | |
| S2 | 88.02 | -16.13% | ||
| S3 | 83.83 | -20.12% |
FAQ
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