Vesuvius India 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
Green day on Friday for Vesuvius India Limited
(Updated on May 17, 2024)
The Vesuvius India Limited stock price gained 0.104% on the last trading day (Friday, 17th May 2024), rising from ₹5,176.20 to ₹5,181.60. During the last trading day the stock fluctuated 2.90% from a day low at ₹5,109.05 to a day high of ₹5,257.15. The price has risen in 6 of the last 10 days and is up by 14.41% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₹9.10 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a very 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 ₹5,251.84 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 46.38% during the next 3 months and, with a 90% probability hold a price between ₹5,790.63 and ₹7,687.83 at the end of this 3-month period.
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VESUVIUS.BO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -0.228%. 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). The Vesuvius India 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 ₹4,867.77 and ₹4,003.94. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Vesuvius India Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹4,883.50 and ₹4,540.55. 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, Vesuvius India Limited finds support just below today's level at ₹4,883.50. If this is broken, then the next support from accumulated volume will be at ₹4,540.55 and ₹4,366.85.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹148.10 between high and low, or 2.90%. For the last week, the stock has had daily average volatility of 5.59%.
The Vesuvius India 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: ₹5,028.11 (-2.96%) (This stock has high daily movements and this gives high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (VESUVIUS.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Vesuvius India Limited to open at ₹5,182.60, and during the day (based on 14 day Average True Range), to move between ₹4,965.19 and ₹5,398.01, which gives a possible trading interval of +/-₹216.41 (+/-4.18%) up or down from last closing price. If Vesuvius India Limited takes out the full calculated possible swing range there will be an estimated 8.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹5,193.45 (0.23%) than the support at ₹4,883.50 (5.75%), 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 Vesuvius India 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 Vesuvius India Limited stock to perform well in the short-term.
Current score: 1.848 Buy Candidate Unchanged
Predicted Opening Price for Vesuvius India Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹5,182.60 ( 0.0193%) | ₹5,181.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VESUVIUS.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5,330.70 | 2.88 % | |
| R2 | 5,274.13 | 1.79 % | ||
| R1 | 5,239.17 | 1.11 % | ||
| Current price: | 5,181.60 | |||
| Support | S1 | 5,126.03 | -1.07 % | |
| S2 | 5,091.07 | -1.75 % | ||
| S3 | 5,034.50 | -2.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 5,193.45 | 0.229 % | ||
| Current price | 5,181.60 | |||
| Support | S1 | 4,883.50 | -5.75% | |
| S2 | 4,540.55 | -12.37% | ||
| S3 | 4,366.85 | -15.72% |
FAQ
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