Voltas 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
Stronger technical forecast for Voltas Limited stock price after Friday trading.
(Updated on May 03, 2024)
The Voltas Limited stock price gained 0.644% on the last trading day (Friday, 3rd May 2024), rising from ₹1,481.95 to ₹1,491.50. During the last trading day the stock fluctuated 1.42% from a day low at ₹1,480.00 to a day high of ₹1,501.00. The price has risen in 9 of the last 10 days and is up by 14.68% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 159 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately ₹2.52 billion.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at ₹1,430.14, a level that may pose a second chance to hit a runner. According to fan-theory ₹1,576.00 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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VOLTAS.NS Signals & Forecast
The Voltas 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 ₹1,467.54 and ₹1,257.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 13, 2024, and so far it has risen 43.07%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Voltas Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹1,383.15 and ₹1,306.85. 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, Voltas Limited finds support just below today's level at ₹1,383.15. If this is broken, then the next support from accumulated volume will be at ₹1,306.85 and ₹1,190.40.
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 ₹21.00 between high and low, or 1.42%. For the last week, the stock has had daily average volatility of 1.40%.
The Voltas Limited stock is extremely overbought on RSI14 (87). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: ₹1,442.88 (-3.26%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 87 and this increases the risk substantially. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (VOLTAS.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Voltas Limited to open at ₹1,490.83, and during the day (based on 14 day Average True Range), to move between ₹1,456.73 and ₹1,526.27, which gives a possible trading interval of +/-₹34.77 (+/-2.33%) up or down from last closing price. If Voltas Limited takes out the full calculated possible swing range there will be an estimated 4.66% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹1,383.15, some ₹108.35 (7.26%) from the current price of ₹1,491.50, our system finds the risk reward attractive.
Earnings coming up
Voltas Limited will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Voltas Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.43% in the first trading day after earnings release.
Is Voltas Limited stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Voltas Limited stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.900 Buy Candidate Upgraded
Predicted Opening Price for Voltas Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹1,490.83 ( 0.0447%) | ₹1,491.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOLTAS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,511.83 | 1.36 % | |
| R2 | 1,503.81 | 0.83 % | ||
| R1 | 1,498.86 | 0.493 % | ||
| Current price: | 1,491.50 | |||
| Support | S1 | 1,482.81 | -0.583 % | |
| S2 | 1,477.86 | -0.91 % | ||
| S3 | 1,469.83 | -1.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 1,491.50 | |||
| Support | S1 | 1,383.15 | -7.26% | |
| S2 | 1,306.85 | -12.38% | ||
| S3 | 1,190.40 | -20.19% |
VOLTAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | ₹4.25 | 0.546% |
| 2 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | ₹4.25 | 0.528% |
| 3 | Jun 09, 2022 | Jun 09, 2022 | Jun 09, 2022 | ₹5.50 | 0.550% |
| 4 | Aug 12, 2021 | Aug 12, 2021 | Aug 12, 2021 | ₹5.00 | 0.507% |
| 5 | Aug 11, 2021 | Aug 11, 2021 | Aug 11, 2021 | ₹5.00 | 0.500% |
FAQ
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