SBI MF ETF NIFTY 50/ETF Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
SBI MF ETF NIFTY 50/ETF stock upgraded from Sell Candidate to Hold/Accumulate after Monday trading session.
(Updated on May 06, 2024)
The SBI MF ETF NIFTY 50/ETF stock price fell by -0.213% on the last day (Monday, 6th May 2024) from ₹235.24 to ₹234.74. During the last trading day the stock fluctuated 0.96% from a day low at ₹234.50 to a day high of ₹236.75. The price has risen in 5 of the last 10 days and is up by 0.35% over the past 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 -147 thousand shares and in total, 456 thousand shares were bought and sold for approximately ₹107.07 million.
The stock lies in the middle of a narrow 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 3.07% during the next 3 months and, with a 90% probability hold a price between ₹238.90 and ₹247.17 at the end of this 3-month period.
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SETFNIF50.NS Signals & Forecast
The SBI MF ETF NIFTY 50/ETF stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹235.92. On a fall, the stock will find some support from the long-term average at approximately ₹233.85. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -1.00%. Further fall is indicated until a new bottom pivot has been found. 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 Friday, March 22, 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.
Golden Star
The stock had a Golden Star Signal on Friday, March 22, 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.
A sell signal from a double top formation was found on Thursday, May 02, 2024 and based on theory for this formation the price should fall by -2.41% to ₹229.09 within 15 trading days since signal was issued (Tuesday, May 07, 2024).
Support, Risk & Stop-loss for SBI MF ETF NIFTY 50/ETF stock
SBI MF ETF NIFTY 50/ETF finds support from accumulated volume at ₹233.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₹2.25 between high and low, or 0.96%. For the last week the stock has had daily average volatility of 1.09%.
Our recommended stop-loss: ₹224.74 (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (SETFNIF50.NS) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect SBI MF ETF NIFTY 50/ETF to open at ₹235.33, and during the day (based on 14 day Average True Range), to move between ₹231.83 and ₹237.65, which gives a possible trading interval of +/-₹2.91 (+/-1.24%) up or down from last closing price. If SBI MF ETF NIFTY 50/ETF takes out the full calculated possible swing range there will be an estimated 2.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹234.97 (0.10%) than the support at ₹233.55 (0.51%), 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 MF ETF NIFTY 50/ETF stock A Buy?
SBI MF ETF NIFTY 50/ETF 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.772 Hold/Accumulate Upgraded
Predicted Opening Price for SBI MF ETF NIFTY 50/ETF of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| ₹235.33 ( 0.251%) | ₹234.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SETFNIF50.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 237.58 | 1.21 % | |
| R2 | 236.72 | 0.84 % | ||
| R1 | 236.19 | 0.617 % | ||
| Current price: | 234.74 | |||
| Support | S1 | 234.47 | -0.115 % | |
| S2 | 233.94 | -0.341 % | ||
| S3 | 233.08 | -0.707 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 235.33 | 0.251 % | |
| R2 | 234.98 | 0.102 % | ||
| R1 | 234.97 | 0.0980 % | ||
| Current price | 234.74 | |||
| Support | S1 | 233.55 | -0.507% | |
| S2 | 233.17 | -0.669% | ||
| S3 | 229.77 | -2.12% |
SETFNIF50 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2021 | Mar 25, 2021 | Mar 25, 2021 | ₹1.30 | 0.89% |
| 2 | Mar 17, 2021 | Mar 17, 2021 | Mar 17, 2021 | ₹1.30 | 0.86% |
| 3 | Feb 26, 2021 | Feb 26, 2021 | Feb 26, 2021 | ₹1.30 | 0.86% |
| 4 | Feb 22, 2018 | Feb 22, 2018 | Feb 22, 2018 | ₹1.25 | 1.59% |
| 5 | Mar 22, 2017 | Mar 22, 2017 | Mar 22, 2017 | ₹1.25 | 1.59% |
FAQ
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