W.H. Brady & Company Limited Stock Forecast

W.H. Brady & Company Limited stock price down 0.388% on Friday
(Updated on Jun 14, 2024)

WHBRADY.BO Signals & Forecast

There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -9.77%. 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). W.H. Brady & Company Limited 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". The W.H. Brady & Company 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 ₹638.93 and ₹601.23. A breakdown below any of these levels will issue sell signals. The stock had a Golden Star Signal on Thursday, April 18, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for W.H. Brady & Company Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹568.45 and ₹565.40. 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, W.H. Brady & Company Limited finds support just below today's level at ₹568.45. If this is broken, then the next support from accumulated volume will be at ₹565.40 and ₹534.50.

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 ₹32.50 between high and low, or 5.16%. For the last week, the stock has had daily average volatility of 6.61%.

Our recommended stop-loss: ₹607.64 (-5.30%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 62 days ago.)

Trading Expectations (WHBRADY.BO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect W.H. Brady & Company Limited to open at ₹644.72, and during the day (based on 14 day Average True Range), to move between ₹590.33 and ₹692.97, which gives a possible trading interval of +/-₹51.32 (+/-8.00%) up or down from last closing price. If W.H. Brady & Company Limited takes out the full calculated possible swing range there will be an estimated 16.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹646.90 (0.82%) than the support at ₹568.45 (11.41%), 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 W.H. Brady & Company 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 W.H. Brady & Company Limited stock to perform well in the short-term.

Current score: 2.504 Buy Candidate Unchanged

Predicted Opening Price for W.H. Brady & Company Limited of Tuesday, June 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.