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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of RDY
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Dr Reddy's Laboratories Ltd stock downgraded to Sell Candidate
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Dr Reddy's Laboratories Ltd stock price gained 1.44% on the last trading day (Thursday, 28th Mar 2024), rising from $72.31 to $73.35. During the last trading day the stock fluctuated 0.97% from a day low at $73.10 to a day high of $73.81. The price has fallen in 6 of the last 10 days and is down by -2.78% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 52 thousand more shares were traded than the day before. In total, 158 thousand shares were bought and sold for approximately $11.55 million.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $72.43 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 9.96% during the next 3 months and, with a 90% probability hold a price between $79.64 and $88.47 at the end of this 3-month period.

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RDY Signals & Forecast

There are mixed signals in the stock today. The Dr Reddy's Laboratories Ltd stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $75.20. On a fall, the stock will find some support from the short-term average at $73.01. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Friday, February 23, 2024, and so far it has fallen -5.46%. 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 is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Tuesday, January 23, 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.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Tuesday, January 23, 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 Dr Reddy's Laboratories Ltd stock

Dr Reddy's Laboratories Ltd finds support from accumulated volume at $73.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.710 (0.97%) between high and low. For the last week, the stock has had daily average volatility of 1.04%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (RDY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Dr Reddy's Laboratories Ltd to open at $73.42, and during the day (based on 14 day Average True Range), to move between $72.24 and $74.46, which gives a possible trading interval of +/-$1.11 (+/-1.51%) up or down from last closing price. If Dr Reddy's Laboratories Ltd takes out the full calculated possible swing range there will be an estimated 3.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $73.40 (0.07%) than the support at $73.20 (0.20%), 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 Dr Reddy's Laboratories Ltd stock A Buy?

Dr Reddy's Laboratories Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.557 Sell Candidate Downgraded

Predicted Opening Price for Dr Reddy's Laboratories Ltd of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$73.42 ( 0.0954%) $73.35

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

Trading levels for RDY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 74.13 1.06 %
R2 73.86 0.694 %
R1 73.69 0.465 %
Current price: 73.35
Support S1 73.15 -0.274 %
S2 72.98 -0.503 %
S3 72.71 -0.87 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 76.04 3.67 %
R2 74.76 1.92 %
R1 73.40 0.0682 %
Current price 73.35
Support S1 73.20 -0.204%
S2 71.95 -1.91%
S3 69.38 -5.41%

RDY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 11, 2023 Jul 28, 2023 Aug 06, 2023 $0.488 0.706%
2 May 11, 2023 Jul 07, 2023 Aug 07, 2023 $0.488 0.706%
3 May 24, 2022 Aug 01, 2022 Aug 12, 2022 $0.378 0.705%
4 May 24, 2022 Jul 08, 2022 Jul 11, 2022 $0.387 0.688%
5 Jun 16, 2021 Jul 08, 2021 Aug 12, 2022 $0.342 0.638%

FAQ

What is the symbol for Dr Reddy's Laboratories Ltd Stock and on which exchange is it traded?
The symbol for Dr Reddy's Laboratories Ltd is RDY and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Dr Reddy's Laboratories Ltd Stock?
Dr Reddy's Laboratories Ltd holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Dr Reddy's Laboratories Ltd Stock?
Dr Reddy's Laboratories Ltd Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Dr Reddy's Laboratories Ltd Stock.

What's the current price of Dr Reddy's Laboratories Ltd Stock?
As of the end of day on the 2024-03-28, the price of an Dr Reddy's Laboratories Ltd (RDY) share was $73.35.

What is the 52-week high and low for Dr Reddy's Laboratories Ltd Stock?
The 52-week high for Dr Reddy's Laboratories Ltd Stock is $77.72 and the 52-week low is $53.12.

What is the market capitalization of Dr Reddy's Laboratories Ltd Stock?
As of the 2024-03-28, the market capitalization of Dr Reddy's Laboratories Ltd is 12.21B.

When is the next earnings date for Dr Reddy's Laboratories Ltd?
The upcoming earnings date for Dr Reddy's Laboratories Ltd is May 08, 2024.
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About Dr Reddy's Laboratories Ltd

Dr Reddy's Laboratories Ltd Dr. Reddy's Laboratories Limited, together with its subsidiaries, operates as an integrated pharmaceutical company worldwide. It operates through Global Generics, Pharmaceutical Services and Active Ingredients (PSAI), Proprietary Products, and Others segments. The company's Global Generics segment manufactures and markets prescription and over-the-counter finished pharmaceutical products that are marketed under a brand name or as a generic finish... RDY Profile

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