Standard Industries Limited Stock Forecast

Standard Industries Limited stock downgraded from Strong Buy Candidate to Buy Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)

SIL.BO Signals & Forecast

The Standard 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 ₹24.95 and ₹23.89. A breakdown below any of these levels will issue sell signals. 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 Monday, June 24, 2024, and so far it has fallen -0.308%. 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. The stock had a Golden Star Signal on Friday, June 07, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Standard Industries Limited stock

Standard Industries Limited finds support from accumulated volume at ₹25.64 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 ₹1.44 between high and low, or 5.74%. For the last week the stock has had daily average volatility of 5.67%.

Our recommended stop-loss: ₹25.03 (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)

Trading Expectations (SIL.BO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Standard Industries Limited to open at ₹25.86, and during the day (based on 14 day Average True Range), to move between ₹24.68 and ₹27.18, which gives a possible trading interval of +/-₹1.25 (+/-4.83%) up or down from last closing price. If Standard Industries Limited takes out the full calculated possible swing range there will be an estimated 9.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹26.01 (0.31%) than the support at ₹25.64 (1.12%), 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 Standard 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 Standard Industries Limited stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.

Current score: 2.961 Buy Candidate Downgraded

Predicted Opening Price for Standard Industries Limited of Wednesday, June 26, 2024

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