14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SHIVAMILLS.BO
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Friday for Shiva Mills Limited stock after gaining 1.59%
(Updated on May 17, 2024)

Buy or Hold candidate since Apr 29, 2024 Loss -10.51% PDF

The Shiva Mills Limited stock price gained 1.59% on the last trading day (Friday, 17th May 2024), rising from ₹97.25 to ₹98.80. During the last trading day the stock fluctuated 4.78% from a day low at ₹97.20 to a day high of ₹101.85. The price has fallen in 7 of the last 10 days but is still up by 0.25% over the past 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 2 thousand shares were bought and sold for approximately ₹183.37 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 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 8.72% during the next 3 months and, with a 90% probability hold a price between ₹94.92 and ₹122.26 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

SHIVAMILLS.BO Signals & Forecast

The Shiva Mills 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 ₹99.38. On a fall, the stock will find some support from the long-term average at approximately ₹94.19. 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 Tuesday, May 14, 2024, and so far it has risen 1.91%. 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 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.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Wednesday, May 08, 2024 and based on theory for this formation the price should fall by -0.670% to ₹98.13 within 6 trading days since signal was issued (Tuesday, May 21, 2024).

Support, Risk & Stop-loss for Shiva Mills Limited stock

Shiva Mills Limited finds support from accumulated volume at ₹96.45 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 ₹4.65 between high and low, or 4.78%. For the last week the stock has had daily average volatility of 5.53%.

Our recommended stop-loss: ₹94.11 (-4.75%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)

Trading Expectations (SHIVAMILLS.BO) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Shiva Mills Limited to open at ₹99.28, and during the day (based on 14 day Average True Range), to move between ₹91.78 and ₹105.82, which gives a possible trading interval of +/-₹7.02 (+/-7.10%) up or down from last closing price. If Shiva Mills Limited takes out the full calculated possible swing range there will be an estimated 14.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹96.45 (2.38%) than the resistance at ₹104.74 (6.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Earnings coming up

Shiva Mills Limited will release earnings BMO on Friday, May 24, 2024. We will update the financials statements for Shiva Mills Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.93% in the first trading day after earnings release.

Is Shiva Mills Limited stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shiva Mills Limited stock to perform well in the short-term.

Current score: 2.715 Buy Candidate Unchanged

Predicted Opening Price for Shiva Mills Limited of Tuesday, May 21, 2024

Fair opening price May 21, 2024 Current price
₹99.28 ( 0.489%) ₹98.80

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

Trading levels for SHIVAMILLS.BO

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 103.93 5.20 %
R2 102.16 3.40 %
R1 101.06 2.29 %
Current price: 98.80
Support S1 97.51 -1.31 %
S2 96.41 -2.42 %
S3 94.63 -4.22 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 110.40 11.74 %
R2 106.00 7.29 %
R1 104.74 6.01 %
Current price 98.80
Support S1 96.45 -2.38%
S2 93.30 -5.57%
S3 92.49 -6.39%

FAQ

What is the symbol for Shiva Mills Limited Stock and on which exchange is it traded?
The symbol for Shiva Mills Limited is SHIVAMILLS.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Shiva Mills Limited Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Shiva Mills Limited stock to perform well in the short-term.

How to buy Shiva Mills Limited Stock?
Shiva Mills Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shiva Mills Limited Stock.

What's the current price of Shiva Mills Limited Stock?
As of the end of day on the May 17, 2024, the price of an Shiva Mills Limited (SHIVAMILLS.BO) share was ₹98.80.

What is the 52-week high and low for Shiva Mills Limited Stock?
The 52-week high for Shiva Mills Limited Stock is ₹117.60 and the 52-week low is ₹67.00.

What is the market capitalization of Shiva Mills Limited Stock?
As of the May 17, 2024, the market capitalization of Shiva Mills Limited is 842.144M.

When is the next earnings date for Shiva Mills Limited?
The upcoming earnings date for Shiva Mills Limited is May 24, 2024.
Click to get the best stock tips daily for free!