Wendt 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
Red day on Friday for Wendt stock after losing 1.79%
(Updated on Jun 28, 2024)
The Wendt stock price fell by -1.79% on the last day (Friday, 28th Jun 2024) from ₹15,827.00 to ₹15,544.00. During the last trading day the stock fluctuated 2.11% from a day low at ₹15,500.00 to a day high of ₹15,827.00. The price has been going up and down for this period, and there has been a -2.1% loss for the last 2 weeks. Volume has increased on the last day by 87 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, 95 shares were bought and sold for approximately ₹1.48 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 36.52% during the next 3 months and, with a 90% probability hold a price between ₹20,303.75 and ₹23,571.66 at the end of this 3-month period.
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WENDT.BO Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, June 06, 2024, and so far it has fallen -3.52%. 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). Wendt gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". Some positive signals were issued as well, and these may have some influence on the near short-term development. The Wendt 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 ₹15,672.46. On a fall, the stock will find some support from the long-term average at approximately ₹14,912.79. 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.
Support, Risk & Stop-loss for Wendt stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹14,528.65 and ₹14,083.65. 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, Wendt finds support just below today's level at ₹14,528.65. If this is broken, then the next support from accumulated volume will be at ₹14,083.65 and ₹13,034.55.
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 ₹327.00 between high and low, or 2.11%. For the last week, the stock has had daily average volatility of 2.53%.
Our recommended stop-loss: ₹14,732.60 (-5.22%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 69 days ago.)
Trading Expectations (WENDT.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wendt to open at ₹15,623.67, and during the day (based on 14 day Average True Range), to move between ₹14,939.64 and ₹16,148.36, which gives a possible trading interval of +/-₹604.36 (+/-3.89%) up or down from last closing price. If Wendt takes out the full calculated possible swing range there will be an estimated 7.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹15,815.05 (1.74%) than the support at ₹14,528.65 (6.53%), 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 Wendt stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.298 Buy Candidate Unchanged
Predicted Opening Price for Wendt of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹15,623.67 ( 0.513%) | ₹15,544.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WENDT.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 15,950.67 | 2.62% |
| R2 | 15,825.75 | 1.81% |
| R1 | 15,748.58 | 1.32% |
| Price | 15,544.00 | |
| S1 | 15,498.75 | -0.291% |
| S2 | 15,421.58 | -0.788% |
| S3 | 15,296.67 | -1.59% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 16,111.80 | 3.65% |
| R2 | 16,035.85 | 3.16% |
| R1 | 15,815.05 | 1.74% |
| Price | 15,544.00 | |
| S1 | 14,528.65 | -6.53% |
| S2 | 14,083.65 | -9.39% |
| S3 | 13,034.55 | -16.14% |
WENDT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 12, 2024 | Jul 12, 2024 | Aug 13, 2024 | ₹20.00 | 0.129% |
| 2 | Feb 01, 2024 | Feb 01, 2024 | Feb 16, 2024 | ₹30.00 | 0.236% |
| 3 | Jul 13, 2023 | Jul 13, 2023 | Aug 11, 2023 | ₹50.00 | 0.378% |
| 4 | Feb 07, 2018 | Feb 07, 2018 | Feb 19, 2018 | ₹10.00 | 0.368% |
| 5 | Jul 12, 2017 | Jul 12, 2017 | Aug 23, 2017 | ₹15.00 | 0.630% |
FAQ
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