Sg Mart Limited 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
Sg Mart Limited stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Sg Mart Limited stock price gained 2.00% on the last trading day (Friday, 28th Jun 2024), rising from ₹441.05 to ₹449.85. During the last trading day the stock fluctuated 0% from a day low at ₹449.85 to a day high of ₹449.85. The price has fallen in 8 of the last 10 days and is down by -6.04% for this period. Volume fell on the last day by -5 million shares and in total, 1 million shares were bought and sold for approximately ₹477.32 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 -3.32% during the next 3 months and, with a 90% probability hold a price between ₹401.23 and ₹463.63 at the end of this 3-month period.
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SGMART.BO Signals & Forecast
The Sg Mart Limited 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 ₹453.72. On a fall, the stock will find some support from the long-term average at approximately ₹449.00. 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. A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 2.00%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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).
Support, Risk & Stop-loss for Sg Mart Limited stock
Sg Mart Limited finds support from accumulated volume at ₹447.00 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 ₹0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: ₹426.45 (-5.20%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (SGMART.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sg Mart Limited to open at ₹449.85, and during the day (based on 14 day Average True Range), to move between ₹436.73 and ₹462.97, which gives a possible trading interval of +/-₹13.12 (+/-2.92%) up or down from last closing price. If Sg Mart Limited takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹447.00 (0.63%) than the resistance at ₹471.55 (4.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sg Mart 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.144 Buy Candidate Upgraded
Predicted Opening Price for Sg Mart Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹449.85 ( 0.00000000%) | ₹449.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SGMART.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 449.85 | 0.00000000% |
| R2 | 449.85 | 0.00000000% |
| R1 | 449.85 | 0.00000000% |
| Price | 449.85 | |
| S1 | 449.85 | 0.00000000% |
| S2 | 449.85 | 0.00000000% |
| S3 | 449.85 | 0.00000000% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 484.50 | 7.70% |
| R2 | 474.85 | 5.56% |
| R1 | 471.55 | 4.82% |
| Price | 449.85 | |
| S1 | 447.00 | -0.634% |
| S2 | 445.15 | -1.04% |
| S3 | 441.05 | -1.96% |
SGMART Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 20, 2021 | Sep 20, 2021 | Oct 28, 2021 | ₹0.0500 | 0% |
| 2 | Mar 12, 2020 | Mar 12, 2020 | Apr 01, 2020 | ₹0.0500 | 0% |
| 3 | Sep 13, 2019 | Sep 13, 2019 | Oct 24, 2019 | ₹0.0500 | 0% |
| 4 | Sep 07, 2018 | Sep 07, 2018 | Oct 18, 2018 | ₹0.0500 | 0% |
| 5 | Sep 11, 2017 | Sep 11, 2017 | Oct 20, 2017 | ₹0.0500 | 0% |
FAQ
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