Simmonds Marshall Limited Stock Forecast

Simmonds Marshall Limited stock downgraded to Hold/Accumulate
(Updated on May 17, 2024)

SIMMOND.BO Signals & Forecast

The Simmonds Marshall Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₹78.37 and ₹79.25. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 16, 2024, and so far it has fallen -0.112%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Simmonds Marshall 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 Simmonds Marshall Limited stock

Simmonds Marshall Limited finds support from accumulated volume at ₹80.09 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 ₹4.00 between high and low, or 5.00%. For the last week, the stock has had daily average volatility of 5.45%.

Our recommended stop-loss: ₹77.95 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)

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

For the upcoming trading day on Tuesday, 21st we expect Simmonds Marshall Limited to open at ₹81.50, and during the day (based on 14 day Average True Range), to move between ₹74.93 and ₹86.07, which gives a possible trading interval of +/-₹5.57 (+/-6.91%) up or down from last closing price. If Simmonds Marshall Limited takes out the full calculated possible swing range there will be an estimated 13.83% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹80.09 (0.51%) than the resistance at ₹88.91 (10.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Simmonds Marshall Limited stock A Buy?

Simmonds Marshall Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.379 Hold/Accumulate Downgraded

Predicted Opening Price for Simmonds Marshall Limited of Tuesday, May 21, 2024

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