Sequent Scientific Limited Stock Forecast
Sequent Scientific Limited stock price down 2.19% on Monday
(Updated on May 06, 2024)
The Sequent Scientific Limited stock price fell by -2.19% on the last day (Monday, 6th May 2024) from ₹121.15 to ₹118.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 3.22% from a day low at ₹117.90 to a day high of ₹121.70. The price has fallen in 7 of the last 10 days and is down by -3.93% 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 -314 thousand shares and in total, 474 thousand shares were bought and sold for approximately ₹56.12 million.
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 -11.30% during the next 3 months and, with a 90% probability hold a price between ₹92.52 and ₹122.54 at the end of this 3-month period.
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SEQUENT.NS Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 4.64%. 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 Sequent Scientific Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at ₹122.93 and ₹122.21. 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 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 Sequent Scientific Limited stock
Sequent Scientific Limited finds support from accumulated volume at ₹116.40 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 ₹3.80 (3.22%) between high and low. For the last week, the stock has had daily average volatility of 2.32%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SEQUENT.NS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Sequent Scientific Limited to open at ₹119.37, and during the day (based on 14 day Average True Range), to move between ₹113.97 and ₹123.03, which gives a possible trading interval of +/-₹4.53 (+/-3.83%) up or down from last closing price. If Sequent Scientific Limited takes out the full calculated possible swing range there will be an estimated 7.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹119.80 (1.10%) than the support at ₹116.40 (1.77%), 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 Sequent Scientific Limited stock A Buy?
Sequent Scientific Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.495 Sell Candidate Unchanged
Predicted Opening Price for Sequent Scientific Limited of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₹119.37 ( 0.731%) | ₹118.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SEQUENT.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 123.17 | 3.94 % | |
| R2 | 121.72 | 2.71 % | ||
| R1 | 120.82 | 1.96 % | ||
| Current price: | 118.50 | |||
| Support | S1 | 117.92 | -0.494 % | |
| S2 | 117.02 | -1.25 % | ||
| S3 | 115.57 | -2.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 131.20 | 10.72 % | |
| R2 | 120.45 | 1.65 % | ||
| R1 | 119.80 | 1.10 % | ||
| Current price | 118.50 | |||
| Support | S1 | 116.40 | -1.77% | |
| S2 | 115.50 | -2.53% | ||
| S3 | 114.45 | -3.42% |
SEQUENT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 08, 2021 | Sep 08, 2021 | Sep 08, 2021 | ₹0.500 | 0.219% |
| 2 | May 14, 2019 | Aug 21, 2019 | Sep 28, 2019 | ₹0.200 | 0.268% |
| 3 | Nov 09, 2017 | Nov 20, 2017 | Dec 04, 2017 | ₹0.200 | 0.233% |
FAQ
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