ZIM Laboratories 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
ZIM Laboratories Limited stock price ended at ₹110.95 on Friday, after gaining 0.635%.
(Updated on Jun 28, 2024)
The ZIM Laboratories Limited stock price gained 0.635% on the last trading day (Friday, 28th Jun 2024), rising from ₹110.25 to ₹110.95. During the last trading day the stock fluctuated 3.75% from a day low at ₹107.95 to a day high of ₹112.00. The price has risen in 5 of the last 10 days and is up by 8.51% over the past 2 weeks. Volume fell on the last day by -57 thousand shares and in total, 21 thousand shares were bought and sold for approximately ₹2.37 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 ZIM Laboratories Limited stock with a 90% probability to be traded between ₹97.65 and ₹127.67 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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ZIMLAB.BO Signals & Forecast
Mostly positive signals in the chart today. The ZIM Laboratories Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹106.86 and ₹106.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 16.12%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for ZIM Laboratories Limited stock
ZIM Laboratories Limited finds support from accumulated volume at ₹110.25 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 ₹4.05 between high and low, or 3.75%. For the last week, the stock has had daily average volatility of 3.95%.
Our recommended stop-loss: ₹107.55 (-3.06%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 72 and this increases the risk substantially. There is a buy signal from a pivot bottom found 44 days ago.)
Trading Expectations (ZIMLAB.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ZIM Laboratories Limited to open at ₹110.30, and during the day (based on 14 day Average True Range), to move between ₹106.57 and ₹115.33, which gives a possible trading interval of +/-₹4.38 (+/-3.95%) up or down from last closing price. If ZIM Laboratories Limited takes out the full calculated possible swing range there will be an estimated 7.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹111.15 (0.18%) than the support at ₹110.25 (0.63%), 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 ZIM Laboratories 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 ZIM Laboratories Limited stock to perform well in the short-term period.
Current score: 2.281 Buy Candidate Unchanged
Predicted Opening Price for ZIM Laboratories Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹110.30 ( 0.586%) | ₹110.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZIMLAB.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 114.35 | 3.06% |
| R2 | 112.80 | 1.67% |
| R1 | 111.85 | 0.81% |
| Price | 110.95 | |
| S1 | 108.75 | -1.98% |
| S2 | 107.80 | -2.84% |
| S3 | 106.25 | -4.24% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 120.94 | 9.00% |
| R2 | 116.95 | 5.41% |
| R1 | 111.15 | 0.180% |
| Price | 110.95 | |
| S1 | 110.25 | -0.631% |
| S2 | 104.30 | -5.99% |
| S3 | 95.55 | -13.88% |
ZIMLAB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 19, 2019 | Sep 19, 2019 | Oct 30, 2019 | ₹0.500 | 1.53% |
FAQ
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