Shiva Global Agro Industries Limited Stock Forecast
Shiva Global Agro Industries Limited stock upgraded to Buy Candidate.
(Updated on Jun 14, 2024)
The Shiva Global Agro Industries Limited stock price gained 4.99% on the last trading day (Friday, 14th Jun 2024), rising from ₹42.26 to ₹44.37. During the last trading day the stock fluctuated 0% from a day low at ₹44.37 to a day high of ₹44.37. The price has risen in 7 of the last 10 days and is up by 11.71% over the past 2 weeks. Volume fell on the last day by -549 shares and in total, 11 thousand shares were bought and sold for approximately ₹478.18 thousand. 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 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 -19.05% during the next 3 months and, with a 90% probability hold a price between ₹24.91 and ₹39.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SHIVAAGRO.BO Signals & Forecast
The Shiva Global Agro Industries 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 ₹41.90 and ₹40.55. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 16.67%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Shiva Global Agro Industries Limited stock
Shiva Global Agro Industries Limited finds support from accumulated volume at ₹42.33 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, but be aware of low or falling volume as this increases the risk. 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 3.09%.
Our recommended stop-loss: ₹43.02 (-3.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 47 days ago.)
Trading Expectations (SHIVAAGRO.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Shiva Global Agro Industries Limited to open at ₹44.37, and during the day (based on 14 day Average True Range), to move between ₹42.39 and ₹46.35, which gives a possible trading interval of +/-₹1.98 (+/-4.45%) up or down from last closing price. If Shiva Global Agro Industries Limited takes out the full calculated possible swing range there will be an estimated 8.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹44.45 (0.18%) than the support at ₹42.33 (4.60%), 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 Shiva Global Agro Industries 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 Hold/Accumulate to a Buy candidate.
Current score: 1.063 Buy Candidate Upgraded
Predicted Opening Price for Shiva Global Agro Industries Limited of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
₹44.37 ( 0%) | ₹44.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHIVAAGRO.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 44.37 | - |
R2 | 44.37 | - |
R1 | 44.37 | - |
Price | 44.37 | |
S1 | 44.37 | - |
S2 | 44.37 | - |
S3 | 44.37 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 53.01 | 19.47% |
R2 | 46.04 | 3.76% |
R1 | 44.45 | 0.180% |
Price | 44.37 | |
S1 | 42.33 | -4.60% |
S2 | 40.22 | -9.35% |
S3 | 38.97 | -12.17% |
SHIVAAGRO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 20, 2022 | Sep 20, 2022 | Oct 01, 2022 | ₹0.750 | 0.658% |
2 | Sep 17, 2021 | Sep 17, 2021 | Oct 29, 2021 | ₹0.500 | 0.779% |
3 | Sep 19, 2018 | Sep 19, 2018 | Oct 29, 2018 | ₹0.600 | 1.52% |
4 | Sep 19, 2013 | Sep 19, 2013 | Sep 19, 2013 | ₹0.500 | 3.14% |
5 | Sep 21, 2012 | Sep 21, 2012 | Sep 21, 2012 | ₹1.00 | 5.19% |
FAQ
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