Sakuma Exports Limited Stock Forecast
Volatile ride for Sakuma Exports Limited stock price on Tuesday moving between ₹28.75 and ₹31.80
(Updated on May 28, 2024)
The Sakuma Exports Limited stock price fell by -3.32% on the last day (Tuesday, 28th May 2024) from ₹30.15 to ₹29.15. During the last trading day the stock fluctuated 10.61% from a day low at ₹28.75 to a day high of ₹31.80. The price has fallen in 5 of the last 10 days but is still up by 6.19% over the past 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 -339 thousand shares and in total, 4 million shares were bought and sold for approximately ₹130.14 million.
The stock lies in the upper part of a wide and strong rising 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 ₹30.20 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.33% during the next 3 months and, with a 90% probability hold a price between ₹27.28 and ₹33.62 at the end of this 3-month period.
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SAKUMA.NS Signals & Forecast
The Sakuma Exports 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 ₹27.68 and ₹27.31. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, May 27, 2024, and so far it has fallen -3.32%. 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 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 Sakuma Exports Limited stock
Sakuma Exports Limited finds support from accumulated volume at ₹28.35 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 ₹3.05 between high and low, or 10.61%. For the last week, the stock has had daily average volatility of 8.07%.
Our recommended stop-loss: ₹27.67 (-5.07%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (SAKUMA.NS) For The Upcoming Trading Day Of Wednesday 29th
For the upcoming trading day on Wednesday, 29th we expect Sakuma Exports Limited to open at ₹29.90, and during the day (based on 14 day Average True Range), to move between ₹27.61 and ₹30.69, which gives a possible trading interval of +/-₹1.54 (+/-5.30%) up or down from last closing price. If Sakuma Exports Limited takes out the full calculated possible swing range there will be an estimated 10.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹28.35 (2.74%) than the resistance at ₹30.15 (3.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sakuma Exports 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 Sakuma Exports Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.376 Buy Candidate Downgraded
Predicted Opening Price for Sakuma Exports Limited of Wednesday, May 29, 2024
| Fair opening price May 29, 2024 | Current price |
|---|---|
| ₹29.90 ( 2.57%) | ₹29.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAKUMA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.95 | 13.04 % | |
| R2 | 31.78 | 9.04 % | ||
| R1 | 31.07 | 6.57 % | ||
| Current price: | 29.15 | |||
| Support | S1 | 28.73 | -1.42 % | |
| S2 | 28.02 | -3.89 % | ||
| S3 | 26.85 | -7.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 30.15 | 3.43 % | ||
| Current price | 29.15 | |||
| Support | S1 | 28.35 | -2.74% | |
| S2 | 28.25 | -3.09% | ||
| S3 | 28.20 | -3.26% |
SAKUMA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 21, 2022 | Sep 21, 2022 | Sep 21, 2022 | ₹0.0500 | 0.309% |
| 2 | Sep 20, 2021 | Sep 20, 2021 | Sep 20, 2021 | ₹0.0500 | 0.463% |
| 3 | Dec 01, 2020 | Dec 01, 2020 | Dec 01, 2020 | ₹0.100 | 1.91% |
| 4 | May 29, 2019 | Sep 13, 2019 | Oct 24, 2019 | ₹0.100 | 1.43% |
| 5 | May 28, 2018 | Sep 19, 2018 | Oct 29, 2018 | ₹0.100 | 0.467% |
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