Wonderla Holidays 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
Wonderla Holidays Limited stock price ended at ₹910.25 on Thursday, after gaining 0.0110%.
(Updated on Jun 27, 2024)
The Wonderla Holidays Limited stock price gained 0.0110% on the last trading day (Thursday, 27th Jun 2024), rising from ₹910.15 to ₹910.25. During the last trading day the stock fluctuated 1.58% from a day low at ₹902.00 to a day high of ₹916.25. The price has risen in 7 of the last 10 days and is up by 3.12% 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, 19 thousand more shares were traded than the day before. In total, 45 thousand shares were bought and sold for approximately ₹41.41 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at ₹914.02 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -16.74% during the next 3 months and, with a 90% probability hold a price between ₹652.91 and ₹760.98 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WONDERLA.NS Signals & Forecast
Mostly positive signals in the chart today. The Wonderla Holidays 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 ₹911.54. On a fall, the stock will find some support from the long-term average at approximately ₹889.60. 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 Tuesday, June 04, 2024, and so far it has risen 9.45%. 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 Wonderla Holidays Limited stock
Wonderla Holidays Limited finds support from accumulated volume at ₹872.15 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 ₹14.25 between high and low, or 1.58%. For the last week, the stock has had daily average volatility of 1.67%.
The Wonderla Holidays Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: ₹879.85 (-3.34%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (WONDERLA.NS) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Wonderla Holidays Limited to open at ₹909.50, and during the day (based on 14 day Average True Range), to move between ₹887.11 and ₹933.39, which gives a possible trading interval of +/-₹23.14 (+/-2.54%) up or down from last closing price. If Wonderla Holidays Limited takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹872.15 (4.19%) than the resistance at ₹993.40 (9.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wonderla Holidays Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.195 Buy Candidate Unchanged
Predicted Opening Price for Wonderla Holidays Limited of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| ₹909.50 ( 0.0824%) | ₹910.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WONDERLA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 923.75 | 1.48% |
| R2 | 918.31 | 0.89% |
| R1 | 914.94 | 0.516% |
| Price | 910.25 | |
| S1 | 904.06 | -0.680% |
| S2 | 900.69 | -1.05% |
| S3 | 895.25 | -1.65% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,080.05 | 18.65% |
| R2 | 993.70 | 9.17% |
| R1 | 993.40 | 9.13% |
| Price | 910.25 | |
| S1 | 872.15 | -4.19% |
| S2 | 855.25 | -6.04% |
| S3 | 854.65 | -6.11% |
WONDERLA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 11, 2023 | Aug 11, 2023 | Sep 23, 2023 | ₹2.50 | 0.393% |
| 2 | Feb 05, 2020 | Mar 05, 2020 | Mar 09, 2020 | ₹1.80 | 0.89% |
| 3 | May 15, 2019 | Aug 01, 2019 | Aug 13, 2019 | ₹1.80 | 0.717% |
| 4 | May 26, 2018 | Jul 30, 2018 | Aug 11, 2018 | ₹1.50 | 0.452% |
| 5 | May 24, 2017 | Aug 02, 2017 | Aug 14, 2017 | ₹1.00 | 0.295% |
FAQ
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