Sadbhav Engineering 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
Sadbhav Engineering Limited stock downgraded to Sell Candidate
(Updated on Jun 28, 2024)
The Sadbhav Engineering Limited stock price fell by -1.41% on the last day (Friday, 28th Jun 2024) from ₹28.28 to ₹27.88. During the last trading day the stock fluctuated 2.52% from a day low at ₹27.80 to a day high of ₹28.50. The price has been going up and down for this period, and there has been a 2.88% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -105 thousand shares and in total, 192 thousand shares were bought and sold for approximately ₹5.35 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -18.83% during the next 3 months and, with a 90% probability hold a price between ₹18.81 and ₹26.13 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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SADBHAV.NS Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sadbhav Engineering Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹28.71 and ₹27.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -7.99%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Sadbhav Engineering Limited stock
Sadbhav Engineering Limited finds support from accumulated volume at ₹27.80 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 ₹0.700 between high and low, or 2.52%. For the last week, the stock has had daily average volatility of 4.22%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SADBHAV.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sadbhav Engineering Limited to open at ₹28.06, and during the day (based on 14 day Average True Range), to move between ₹26.42 and ₹29.34, which gives a possible trading interval of +/-₹1.46 (+/-5.23%) up or down from last closing price. If Sadbhav Engineering Limited takes out the full calculated possible swing range there will be an estimated 10.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹27.80 (0.29%) than the resistance at ₹31.35 (12.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sadbhav Engineering Limited stock A Buy?
Sadbhav Engineering Limited holds several negative signals and is within a very wide and falling trend, so we believe 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: -1.387 Sell Candidate Downgraded
Predicted Opening Price for Sadbhav Engineering Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹28.06 ( 0.646%) | ₹27.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SADBHAV.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 28.76 | 3.16% |
| R2 | 28.49 | 2.20% |
| R1 | 28.33 | 1.60% |
| Price | 27.88 | |
| S1 | 27.79 | -0.313% |
| S2 | 27.63 | -0.91% |
| S3 | 27.36 | -1.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.25 | 22.85% |
| R2 | 34.20 | 22.67% |
| R1 | 31.35 | 12.45% |
| Price | 27.88 | |
| S1 | 27.80 | -0.287% |
| S2 | 27.30 | -2.08% |
| S3 | 25.10 | -9.97% |
SADBHAV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2019 | Sep 17, 2019 | Sep 25, 2019 | ₹1.00 | 0.724% |
| 2 | May 29, 2018 | Sep 12, 2018 | Sep 27, 2018 | ₹1.00 | 0.455% |
| 3 | May 29, 2017 | Sep 14, 2017 | Oct 26, 2017 | ₹0.750 | 0.235% |
| 4 | Apr 27, 2016 | Sep 15, 2016 | Oct 28, 2016 | ₹0.700 | 0.251% |
| 5 | May 30, 2015 | Sep 03, 2015 | Oct 29, 2015 | ₹0.700 | 0.218% |
FAQ
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