Wanbury Limited Stock Forecast
Wanbury Limited stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Apr 19, 2024)
The Wanbury Limited stock price gained 2.53% on the last trading day (Friday, 19th Apr 2024), rising from ₹148.25 to ₹152.00. During the last trading day the stock fluctuated 8.52% from a day low at ₹142.60 to a day high of ₹154.75. The price has fallen in 6 of the last 10 days and is down by -6.4% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 84 thousand more shares were traded than the day before. In total, 189 thousand shares were bought and sold for approximately ₹28.78 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Wanbury Limited stock with a 90% probability to be traded between ₹124.94 and ₹173.15 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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WANBURY.NS Signals & Forecast
Mostly positive signals in the chart today. The Wanbury Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹153.14. On a fall, the stock will find some support from the long-term average at approximately ₹150.06. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 2.53%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Wanbury Limited stock
Wanbury Limited finds support from accumulated volume at ₹149.00 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹12.15 between high and low, or 8.52%. For the last week, the stock has had daily average volatility of 5.58%.
Our recommended stop-loss: ₹144.52 (-4.92%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (WANBURY.NS) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect Wanbury Limited to open at ₹149.78, and during the day (based on 14 day Average True Range), to move between ₹144.07 and ₹159.93, which gives a possible trading interval of +/-₹7.93 (+/-5.22%) up or down from last closing price. If Wanbury Limited takes out the full calculated possible swing range there will be an estimated 10.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹153.65 (1.09%) than the support at ₹149.00 (1.97%), 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 Wanbury Limited stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Wanbury 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 Sell to a Buy candidate.
Current score: 1.237 Buy Candidate Upgraded
Predicted Opening Price for Wanbury Limited of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| ₹149.78 ( 1.46%) | ₹152.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WANBURY.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 161.93 | 6.54 % | |
| R2 | 157.29 | 3.48 % | ||
| R1 | 154.42 | 1.60 % | ||
| Current price: | 152.00 | |||
| Support | S1 | 145.14 | -4.51 % | |
| S2 | 142.27 | -6.40 % | ||
| S3 | 137.63 | -9.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 167.55 | 10.23 % | |
| R2 | 163.00 | 7.24 % | ||
| R1 | 153.65 | 1.09 % | ||
| Current price | 152.00 | |||
| Support | S1 | 149.00 | -1.97% | |
| S2 | 143.50 | -5.59% | ||
| S3 | 133.00 | -12.50% |
WANBURY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2010 | Jul 29, 2010 | Aug 12, 2010 | ₹1.00 | 1.16% |
| 2 | Dec 31, 2008 | Mar 12, 2009 | Mar 23, 2009 | ₹0.500 | 1.51% |
| 3 | Sep 13, 2007 | Sep 13, 2007 | Sep 13, 2007 | ₹2.00 | 1.59% |
FAQ
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