Sequent Scientific Limited Stock Forecast

Red day on Thursday for Sequent Scientific Limited stock after losing 0.87%
(Updated on Apr 25, 2024)

SEQUENT.NS Signals & Forecast

The Sequent Scientific 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 ₹122.59 and ₹122.33. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 10.33%. 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. 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. The stock had a Golden Star Signal on Tuesday, April 23, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Sequent Scientific Limited stock

Sequent Scientific Limited finds support from accumulated volume at ₹121.60 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 ₹2.50 between high and low, or 2.02%. For the last week, the stock has had daily average volatility of 3.38%.

Our recommended stop-loss: ₹117.90 (-5.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 23 days ago.)

Trading Expectations (SEQUENT.NS) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Sequent Scientific Limited to open at ₹125.15, and during the day (based on 14 day Average True Range), to move between ₹119.46 and ₹130.44, which gives a possible trading interval of +/-₹5.49 (+/-4.39%) up or down from last closing price. If Sequent Scientific Limited takes out the full calculated possible swing range there will be an estimated 8.79% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹121.60 (2.68%) than the resistance at ₹131.20 (5.00%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Sequent Scientific Limited stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.881 Buy Candidate Unchanged

Predicted Opening Price for Sequent Scientific Limited of Friday, April 26, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.