Wanbury Limited Stock Forecast
Wanbury Limited stock upgraded to Hold/Accumulate.
(Updated on May 02, 2024)
The Wanbury Limited stock price fell by -2.93% on the last day (Thursday, 2nd May 2024) from ₹151.80 to ₹147.35. During the last trading day the stock fluctuated 5.12% from a day low at ₹146.50 to a day high of ₹154.00. The price has fallen in 5 of the last 10 days and is down by -0.61% for this period. Volume has increased on the last day by 70 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 70 thousand shares were bought and sold for approximately ₹10.34 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.65% during the next 3 months and, with a 90% probability hold a price between ₹118.94 and ₹164.92 at the end of this 3-month period.
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WANBURY.NS Signals & Forecast
There are few to no technical positive signals at the moment. The Wanbury Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹154.29 and ₹149.21. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -12.06%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Wanbury Limited stock
Wanbury Limited finds support from accumulated volume at ₹141.80 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 ₹7.50 between high and low, or 5.12%. For the last week, the stock has had daily average volatility of 3.73%.
Our recommended stop-loss: ₹141.87 (-3.72%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (WANBURY.NS) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Wanbury Limited to open at ₹149.28, and during the day (based on 14 day Average True Range), to move between ₹140.34 and ₹154.36, which gives a possible trading interval of +/-₹7.01 (+/-4.75%) up or down from last closing price. If Wanbury Limited takes out the full calculated possible swing range there will be an estimated 9.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹141.80 (3.77%) than the resistance at ₹153.65 (4.28%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wanbury Limited stock A Buy?
Wanbury Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Wanbury Limited of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| ₹149.28 ( 1.31%) | ₹147.35 |
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 | 156.78 | 6.40 % | |
| R2 | 153.92 | 4.46 % | ||
| R1 | 152.15 | 3.26 % | ||
| Current price: | 147.35 | |||
| Support | S1 | 146.42 | -0.632 % | |
| S2 | 144.65 | -1.83 % | ||
| S3 | 141.78 | -3.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 163.00 | 10.62 % | |
| R2 | 159.60 | 8.31 % | ||
| R1 | 153.65 | 4.28 % | ||
| Current price | 147.35 | |||
| Support | S1 | 141.80 | -3.77% | |
| S2 | 133.00 | -9.74% | ||
| S3 | 131.80 | -10.55% |
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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