Schneider Electric Infrastructure Ltd Stock Forecast
Schneider Electric Infrastructure Ltd stock upgraded to Strong Buy Candidate.
(Updated on May 16, 2024)
The Schneider Electric Infrastructure Ltd stock price gained 2.70% on the last trading day (Thursday, 16th May 2024), rising from ₹813.55 to ₹835.50. During the last trading day the stock fluctuated 4.61% from a day low at ₹803.00 to a day high of ₹840.00. The price has been going up and down for this period, and there has been a 0.81% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 43 thousand more shares were traded than the day before. In total, 142 thousand shares were bought and sold for approximately ₹119.02 million.
The stock lies in the middle of a wide and strong 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 40.54% during the next 3 months and, with a 90% probability hold a price between ₹1,064.25 and ₹1,280.01 at the end of this 3-month period.
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SCHNEIDER.NS Signals & Forecast
Mostly positive signals in the chart today. The Schneider Electric Infrastructure Ltd 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 ₹807.51 and ₹784.41. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 43.16%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Schneider Electric Infrastructure Ltd stock
Schneider Electric Infrastructure Ltd finds support from accumulated volume at ₹819.55 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 ₹37.00 between high and low, or 4.61%. For the last week, the stock has had daily average volatility of 4.41%.
Our recommended stop-loss: ₹804.59 (-3.70%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 39 days ago.)
Trading Expectations (SCHNEIDER.NS) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Schneider Electric Infrastructure Limited to open at ₹826.17, and during the day (based on 14 day Average True Range), to move between ₹796.52 and ₹874.48, which gives a possible trading interval of +/-₹38.98 (+/-4.67%) up or down from last closing price. If Schneider Electric Infrastructure Limited takes out the full calculated possible swing range there will be an estimated 9.33% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹819.55, some ₹15.95 (1.91%) from the current price of ₹835.50, our system finds the risk reward attractive.
Earnings coming up
Schneider Electric Infrastructure Limited will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for Schneider Electric Infrastructure Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.64% in the first trading day after earnings release.
Is Schneider Electric Infrastructure Limited stock A Buy?
Schneider Electric Infrastructure Ltd holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.516 Strong Buy Candidate Upgraded
Predicted Opening Price for Schneider Electric Infrastructure Limited of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| ₹826.17 ( 1.12%) | ₹835.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHNEIDER.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 863.17 | 3.31 % | |
| R2 | 849.03 | 1.62 % | ||
| R1 | 840.30 | 0.575 % | ||
| Current price: | 835.50 | |||
| Support | S1 | 812.03 | -2.81 % | |
| S2 | 803.30 | -3.85 % | ||
| S3 | 789.17 | -5.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 835.50 | |||
| Support | S1 | 819.55 | -1.91% | |
| S2 | 817.00 | -2.21% | ||
| S3 | 799.20 | -4.34% |
SCHNEIDER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2012 | Jul 19, 2012 | Aug 30, 2012 | ₹0.400 | 0.452% |
FAQ
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