Standard Industries Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Standard Industries Limited stock price ended at ₹25.79 on Friday, after gaining 0.98%.
(Updated on Jun 28, 2024)
The Standard Industries Limited stock price gained 0.98% on the last trading day (Friday, 28th Jun 2024), rising from ₹25.54 to ₹25.79. During the last trading day the stock fluctuated 5.29% from a day low at ₹25.35 to a day high of ₹26.69. The price has been going up and down for this period, and there has been a 4.03% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately ₹327.04 thousand.
The stock lies in the middle of a wide and strong 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 10.97% during the next 3 months and, with a 90% probability hold a price between ₹25.87 and ₹30.68 at the end of this 3-month period.
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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 ₹25.49 and ₹24.14. 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). Standard Industries Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 -0.85%. Further fall is indicated until a new bottom pivot has been found. 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.
Golden Star 12 Months
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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved ₹1.34 between high and low, or 5.29%. For the last week, the stock has had daily average volatility of 7.29%.
Our recommended stop-loss: ₹24.86 (-3.61%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (SIL.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Standard Industries Limited to open at ₹25.94, and during the day (based on 14 day Average True Range), to move between ₹24.54 and ₹27.04, which gives a possible trading interval of +/-₹1.25 (+/-4.86%) up or down from last closing price. If Standard Industries Limited takes out the full calculated possible swing range there will be an estimated 9.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹25.82 (0.12%) than the support at ₹25.64 (0.58%), 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.
Current score: 3.411 Buy Candidate Unchanged
Predicted Opening Price for Standard Industries Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹25.94 ( 0.595%) | ₹25.79 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIL.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 27.28 | 5.79% |
| R2 | 26.77 | 3.81% |
| R1 | 26.46 | 2.58% |
| Price | 25.79 | |
| S1 | 25.43 | -1.39% |
| S2 | 25.12 | -2.62% |
| S3 | 24.60 | -4.60% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 26.38 | 2.29% |
| R2 | 26.01 | 0.85% |
| R1 | 25.82 | 0.116% |
| Price | 25.79 | |
| S1 | 25.64 | -0.582% |
| S2 | 23.48 | -8.96% |
| S3 | 23.19 | -10.08% |
SIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2024 | Jul 30, 2024 | Sep 05, 2024 | ₹0.550 | 2.13% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Apr 14, 2024 | ₹0.500 | 2.22% |
| 3 | Jul 25, 2023 | Jul 25, 2023 | Aug 23, 2023 | ₹0.250 | 1.10% |
| 4 | Jun 01, 2023 | Jun 01, 2023 | Jun 19, 2023 | ₹0.80 | 3.17% |
| 5 | Aug 10, 2022 | Aug 10, 2022 | Sep 12, 2022 | ₹0.750 | 3.11% |
FAQ
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