Sikko Industries Limited Stock Forecast
Stronger technical forecast for Sikko Industries Limited stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Sikko Industries Limited stock price fell by -1.14% on the last day (Tuesday, 25th Jun 2024) from ₹97.73 to ₹96.62. During the last trading day the stock fluctuated 3.13% from a day low at ₹96.00 to a day high of ₹99.00. The price has fallen in 7 of the last 10 days and is down by -5.14% for this period. 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 -7 thousand shares and in total, 14 thousand shares were bought and sold for approximately ₹1.31 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹94.95 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.88% during the next 3 months and, with a 90% probability hold a price between ₹110.02 and ₹126.48 at the end of this 3-month period.
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SIKKO.NS Signals & Forecast
The Sikko Industries 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 ₹100.35. On a fall, the stock will find some support from the long-term average at approximately ₹94.62. 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. 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. A sell signal was issued from a pivot top point on Friday, June 14, 2024, and so far it has fallen -7.88%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Sikko Industries Limited stock
Sikko Industries Limited finds support from accumulated volume at ₹94.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved ₹3.00 between high and low, or 3.13%. For the last week the stock has had daily average volatility of 4.62%.
Our recommended stop-loss: ₹91.22 (-5.59%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (SIKKO.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Sikko Industries Limited to open at ₹97.21, and during the day (based on 14 day Average True Range), to move between ₹90.48 and ₹102.76, which gives a possible trading interval of +/-₹6.14 (+/-6.35%) up or down from last closing price. If Sikko Industries Limited takes out the full calculated possible swing range there will be an estimated 12.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹94.20 (2.50%) than the resistance at ₹99.31 (2.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sikko Industries 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 Sikko Industries Limited 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: 2.941 Buy Candidate Upgraded
Predicted Opening Price for Sikko Industries Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹97.21 ( 0.607%) | ₹96.62 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIKKO.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 100.21 | 3.71% |
| R2 | 99.06 | 2.53% |
| R1 | 98.35 | 1.79% |
| Price | 96.62 | |
| S1 | 96.06 | -0.579% |
| S2 | 95.35 | -1.31% |
| S3 | 94.21 | -2.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 104.88 | 8.55% |
| R2 | 101.86 | 5.42% |
| R1 | 99.31 | 2.78% |
| Price | 96.62 | |
| S1 | 94.20 | -2.50% |
| S2 | 93.95 | -2.76% |
| S3 | 87.60 | -9.34% |
SIKKO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 28, 2022 | Dec 28, 2022 | Dec 29, 2022 | ₹0.150 | 0.145% |
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