SBI Life Insurance Company Limited Stock Forecast
Red day on Friday for SBI Life Insurance Company Limited
(Updated on May 03, 2024)
The SBI Life Insurance Company Limited stock price fell by -1.21% on the last day (Friday, 3rd May 2024) from ₹1,460.90 to ₹1,443.25. During the last trading day the stock fluctuated 2.38% from a day low at ₹1,438.40 to a day high of ₹1,472.70. The price has fallen in 5 of the last 10 days and is down by -0.3% 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 -839 thousand shares and in total, 1 million shares were bought and sold for approximately ₹1.96 billion.
The stock lies in the middle of a 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 -2.22% during the next 3 months and, with a 90% probability hold a price between ₹1,381.04 and ₹1,494.39 at the end of this 3-month period.
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SBILIFE.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 1.98%. 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 SBI Life Insurance Company Limited 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 ₹1,472.67. On a fall, the stock will find some support from the short-term average at ₹1,437.04. 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. 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 SBI Life Insurance Company Limited stock
SBI Life Insurance Company Limited finds support from accumulated volume at ₹1,436.55 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 ₹34.30 (2.38%) between high and low. For the last week, the stock has had daily average volatility of 2.20%.
Our recommended stop-loss: ₹1,361.47 (-5.67%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (SBILIFE.NS) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect SBI Life Insurance Company Limited to open at ₹1,451.45, and during the day (based on 14 day Average True Range), to move between ₹1,411.31 and ₹1,475.19, which gives a possible trading interval of +/-₹31.94 (+/-2.21%) up or down from last closing price. If SBI Life Insurance Company Limited takes out the full calculated possible swing range there will be an estimated 4.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹1,444.45 (0.08%) than the support at ₹1,436.55 (0.46%), 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 SBI Life Insurance Company Limited stock A Buy?
SBI Life Insurance Company Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.262 Hold/Accumulate Unchanged
Predicted Opening Price for SBI Life Insurance Company Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| ₹1,451.45 ( 0.568%) | ₹1,443.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SBILIFE.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,485.75 | 2.94 % | |
| R2 | 1,472.65 | 2.04 % | ||
| R1 | 1,464.55 | 1.48 % | ||
| Current price: | 1,443.25 | |||
| Support | S1 | 1,438.35 | -0.340 % | |
| S2 | 1,430.25 | -0.90 % | ||
| S3 | 1,417.15 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,510.40 | 4.65 % | |
| R2 | 1,460.90 | 1.22 % | ||
| R1 | 1,444.45 | 0.0831 % | ||
| Current price | 1,443.25 | |||
| Support | S1 | 1,436.55 | -0.464% | |
| S2 | 1,422.35 | -1.45% | ||
| S3 | 1,415.25 | -1.94% |
SBILIFE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 15, 2024 | Apr 08, 2024 | ₹2.70 | 0.178% |
| 2 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | ₹2.50 | 0.235% |
| 3 | Mar 29, 2022 | Mar 29, 2022 | Mar 29, 2022 | ₹2.00 | 0.182% |
| 4 | Apr 05, 2021 | Apr 05, 2021 | Apr 05, 2021 | ₹2.50 | 0.287% |
| 5 | Mar 19, 2019 | Apr 03, 2019 | Apr 22, 2019 | ₹2.00 | 0.325% |
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