Sambhaav Media 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
Evaluation of Sambhaav Media Limited stock downgraded after the last trading session.
(Updated on May 22, 2024)
The Sambhaav Media Limited stock price fell by -1.87% on the last day (Wednesday, 22nd May 2024) from ₹5.35 to ₹5.25. During the last trading day the stock fluctuated 6.73% from a day low at ₹5.20 to a day high of ₹5.55. The price has fallen in 6 of the last 10 days and is down by -4.55% for this period. 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 -48 thousand shares and in total, 59 thousand shares were bought and sold for approximately ₹307.42 thousand.
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 -4.64% during the next 3 months and, with a 90% probability hold a price between ₹4.28 and ₹5.81 at the end of this 3-month period.
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SAMBHAAV.NS Signals & Forecast
There are mixed signals in the stock today. The Sambhaav Media Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹5.34 and ₹5.43. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.96%. 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).
Support, Risk & Stop-loss for Sambhaav Media Limited stock
Sambhaav Media Limited finds support from accumulated volume at ₹5.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved ₹0.350 between high and low, or 6.73%. For the last week the stock has had daily average volatility of 4.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAMBHAAV.NS) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Sambhaav Media Limited to open at ₹5.33, and during the day (based on 14 day Average True Range), to move between ₹5.05 and ₹5.45, which gives a possible trading interval of +/-₹0.204 (+/-3.89%) up or down from last closing price. If Sambhaav Media Limited takes out the full calculated possible swing range there will be an estimated 7.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹5.30 (0.95%) than the support at ₹5.20 (0.95%), 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 Sambhaav Media Limited stock A Buy?
Sambhaav Media Limited 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: -2.709 Sell Candidate Downgraded
Predicted Opening Price for Sambhaav Media Limited of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| ₹5.33 ( 1.59%) | ₹5.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAMBHAAV.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.68 | 8.25 % | |
| R2 | 5.55 | 5.71 % | ||
| R1 | 5.47 | 4.13 % | ||
| Current price: | 5.25 | |||
| Support | S1 | 5.20 | -0.96 % | |
| S2 | 5.12 | -2.53 % | ||
| S3 | 4.98 | -5.08 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 6.15 | 17.14 % | |
| R2 | 5.95 | 13.33 % | ||
| R1 | 5.30 | 0.95 % | ||
| Current price | 5.25 | |||
| Support | S1 | 5.20 | -0.95% | |
| S2 | 5.15 | -1.90% | ||
| S3 | 4.90 | -6.67% |
SAMBHAAV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 19, 1996 | Aug 19, 1996 | Oct 01, 1996 | ₹0.0400 | 0% |
FAQ
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