Savera Industries Limited Stock Forecast
Red day on Friday for Savera Industries Limited stock after losing 1.25%
(Updated on Jun 14, 2024)
The Savera Industries Limited stock price fell by -1.25% on the last day (Friday, 14th Jun 2024) from ₹120.45 to ₹118.95. During the last trading day the stock fluctuated 2.99% from a day low at ₹117.00 to a day high of ₹120.50. The price has been going up and down for this period, and there has been a 1.36% 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 -1 thousand shares and in total, 7 thousand shares were bought and sold for approximately ₹796.37 thousand.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.11% during the next 3 months and, with a 90% probability hold a price between ₹110.59 and ₹149.05 at the end of this 3-month period.
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SAVERA.BO Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 11.53%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Savera Industries 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 ₹119.65 and ₹126.44. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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.
Support, Risk & Stop-loss for Savera Industries Limited stock
Savera Industries Limited finds support from accumulated volume at ₹118.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹3.50 between high and low, or 2.99%. For the last week the stock has had daily average volatility of 3.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SAVERA.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Savera Industries Limited to open at ₹118.82, and during the day (based on 14 day Average True Range), to move between ₹111.76 and ₹126.14, which gives a possible trading interval of +/-₹7.19 (+/-6.04%) up or down from last closing price. If Savera Industries Limited takes out the full calculated possible swing range there will be an estimated 12.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹118.85 (0.08%) than the resistance at ₹136.65 (14.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Savera Industries Limited stock A Buy?
The Savera Industries Limited stock holds several negative signals and despite the positive trend, we believe Savera Industries Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.313 Sell Candidate Unchanged
Predicted Opening Price for Savera Industries Limited of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| ₹118.82 ( 0.112%) | ₹118.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAVERA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 122.32 | 2.83% |
| R2 | 120.98 | 1.71% |
| R1 | 120.15 | 1.01% |
| Price | 118.95 | |
| S1 | 117.48 | -1.24% |
| S2 | 116.65 | -1.93% |
| S3 | 115.32 | -3.05% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 139.25 | 17.07% |
| R2 | 138.00 | 16.02% |
| R1 | 136.65 | 14.88% |
| Price | 118.95 | |
| S1 | 118.85 | -0.0841% |
| S2 | 117.35 | -1.35% |
| S3 | 110.65 | -6.98% |
SAVERA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 03, 2024 | Sep 03, 2024 | Oct 10, 2024 | ₹3.00 | 2.52% |
| 2 | Sep 08, 2023 | Sep 08, 2023 | Oct 15, 2023 | ₹3.00 | 3.26% |
| 3 | Nov 25, 2019 | Nov 25, 2019 | Dec 14, 2019 | ₹1.20 | 2.62% |
| 4 | Aug 28, 2019 | Aug 28, 2019 | Oct 05, 2019 | ₹0.200 | 0.465% |
| 5 | Feb 21, 2019 | Feb 21, 2019 | Mar 15, 2019 | ₹1.00 | 1.51% |
FAQ
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