Subros 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
Subros Limited stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Subros Limited stock price fell by -2.09% on the last day (Tuesday, 25th Jun 2024) from ₹678.55 to ₹664.35. During the last trading day the stock fluctuated 3.98% from a day low at ₹661.05 to a day high of ₹687.35. The price has risen in 8 of the last 10 days and is up by 6.23% 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 -120 thousand shares and in total, 51 thousand shares were bought and sold for approximately ₹34.06 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹680.29 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 18.89% during the next 3 months and, with a 90% probability hold a price between ₹708.15 and ₹808.78 at the end of this 3-month period.
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SUBROS.NS Signals & Forecast
The Subros Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at ₹661.89 and ₹619.34. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -2.09%. 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 Subros Limited stock
Subros Limited finds support from accumulated volume at ₹650.35 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 ₹26.30 between high and low, or 3.98%. For the last week, the stock has had daily average volatility of 4.24%.
The Subros Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₹640.89 (-3.53%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (SUBROS.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Subros Limited to open at ₹670.92, and during the day (based on 14 day Average True Range), to move between ₹639.01 and ₹689.69, which gives a possible trading interval of +/-₹25.34 (+/-3.81%) up or down from last closing price. If Subros Limited takes out the full calculated possible swing range there will be an estimated 7.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹670.55 (0.93%) than the support at ₹650.35 (2.11%), 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 Subros Limited 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 Subros Limited stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.906 Buy Candidate Upgraded
Predicted Opening Price for Subros Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹670.92 ( 0.99%) | ₹664.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SUBROS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 697.22 | 4.95% |
| R2 | 687.17 | 3.43% |
| R1 | 680.96 | 2.50% |
| Price | 664.35 | |
| S1 | 660.87 | -0.524% |
| S2 | 654.66 | -1.46% |
| S3 | 644.62 | -2.97% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 678.55 | 2.14% |
| R2 | 674.90 | 1.59% |
| R1 | 670.55 | 0.93% |
| Price | 664.35 | |
| S1 | 650.35 | -2.11% |
| S2 | 642.15 | -3.34% |
| S3 | 519.30 | -21.83% |
SUBROS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 11, 2024 | Sep 11, 2024 | Oct 18, 2024 | ₹1.80 | 0.271% |
| 2 | Aug 22, 2023 | Aug 22, 2023 | Oct 05, 2023 | ₹1.00 | 0.259% |
| 3 | Jul 28, 2022 | Jul 28, 2022 | Jul 28, 2022 | ₹0.700 | 0.212% |
| 4 | Sep 07, 2021 | Sep 07, 2021 | Sep 07, 2021 | ₹0.700 | 0.229% |
| 5 | Sep 06, 2021 | Sep 06, 2021 | Sep 06, 2021 | ₹0.700 | 0.227% |
FAQ
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