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 SIFY
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

High volatility in Sify Technologies Limited stock price on Friday which ended trading at $0.425
(Updated on Jul 19, 2024)

Sell candidate since May 31, 2024 Loss -61.37% PDF

The Sify Technologies Limited stock price fell by -9.36% on the last day (Friday, 19th Jul 2024) from $0.469 to $0.425. During the last trading day the stock fluctuated 15.65% from a day low at $0.370 to a day high of $0.428. The price has risen in 7 of the last 10 days but is still down by -1.46% for this period. Volume has increased on the last day by 362 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 904 thousand shares were bought and sold for approximately $384.13 thousand.

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 -53.71% during the next 3 months and, with a 90% probability hold a price between $0.108 and $0.472 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.

SIFY Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, July 10, 2024, and so far it has risen 15.06%. 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. The Sify Technologies Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $0.434 and $0.557. A break-up above any of these levels will issue buy signals. Sify Technologies Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Sify Technologies Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at $0.390 and $0.370. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sify Technologies Limited finds support just below today's level at $0.390. If this is broken, then the next support from accumulated volume will be at $0.370 and $0.369.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $0.0579 between high and low, or 15.65%. For the last week, the stock has had daily average volatility of 12.70%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SIFY) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Sify Technologies Limited to open at $0.408, and during the day (based on 14 day Average True Range), to move between $0.363 and $0.487, which gives a possible trading interval of +/-$0.0619 (+/-14.56%) up or down from last closing price. If Sify Technologies Limited takes out the full calculated possible swing range there will be an estimated 29.12% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $0.440 (3.55%) than the support at $0.390 (8.21%), 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 Sify Technologies Limited stock A Buy?

Sify Technologies 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: -4.952 Sell Candidate Unchanged

Predicted Opening Price for Sify Technologies Limited of Monday, July 22, 2024

Fair opening price July 22, 2024 Current price
$0.408 ( 4.07%) $0.425

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

Trading levels for SIFY

Fibonacci Support & Resistance Levels

Level Price
R3 0.466 9.56%
R2 0.443 4.35%
R1 0.430 1.13%
Price 0.425
S1 0.385 -9.28%
S2 0.372 -12.49%
S3 0.350 -17.70%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0.446 4.97%
R2 0.445 4.78%
R1 0.440 3.55%
Price 0.425
S1 0.390 -8.21%
S2 0.370 -12.90%
S3 0.369 -13.09%

SIFY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 15, 2019 May 24, 2019 Jul 16, 2019 $0.0170 1.13%
2 May 15, 2018 May 24, 2018 Jul 16, 2018 $0.0180 0.89%
3 May 24, 2017 Jun 02, 2017 Jul 14, 2017 $0.0190 2.64%
4 May 17, 2016 May 25, 2016 Jul 12, 2016 $0.0150 1.40%
5 Jun 11, 2014 May 14, 2015 Jun 25, 2015 $0.0160 0.99%

FAQ

What is the symbol for Sify Technologies Limited Stock and on which exchange is it traded?
The symbol for Sify Technologies Limited is SIFY and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Sify Technologies Limited Stock?
Sify Technologies 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.

How to buy Sify Technologies Limited Stock?
Sify Technologies 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 Sify Technologies Limited Stock.

What's the current price of Sify Technologies Limited Stock?
As of the end of day on the Jul 19, 2024, the price of an Sify Technologies Limited (SIFY) share was $0.425.

What is the 52-week high and low for Sify Technologies Limited Stock?
The 52-week high for Sify Technologies Limited Stock is $2.80 and the 52-week low is $0.304.

What is the market capitalization of Sify Technologies Limited Stock?
As of the Jul 19, 2024, the market capitalization of Sify Technologies Limited is 85.946M.

When is the next earnings date for Sify Technologies Limited?
The upcoming earnings date for Sify Technologies Limited is Oct 18, 2024.
Click to get the best stock tips daily for free!

About Sify Technologies Limited

Sify Technologies Limited Sify Technologies Limited provides integrated ICT solutions and services in India and internationally. It operates through Network Centric Services, Data Center Services, and Digital Services segments. The Network Centric Services segment offers internet, internet protocol and multi-protocol label switching virtual private network, SDWAN, managed Wi-Fi, internet of things, wholesale and retail voice, managed services, dedicated internet access, a... SIFY Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT