Security and Intelligence Services Stock Forecast
Stronger technical forecast for Security and Intelligence Services stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Security and Intelligence Services stock price gained 0.82% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹438.85 to ₹442.45. During the last trading day the stock fluctuated 1.86% from a day low at ₹438.90 to a day high of ₹447.05. The price has risen in 5 of the last 10 days and is up by 1.92% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 49 thousand shares were bought and sold for approximately ₹21.77 million.
The stock lies in the middle of a 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 -5.38% during the next 3 months and, with a 90% probability hold a price between ₹363.35 and ₹433.56 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SIS.NS Signals & Forecast
The Security and Intelligence Services 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 ₹442.40 and ₹424.52. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 -0.96%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Security and Intelligence Services stock
Security and Intelligence Services finds support from accumulated volume at ₹429.65 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 ₹8.15 between high and low, or 1.86%. For the last week, the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: ₹426.45 (-3.62%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (SIS.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Security and Intelligence Services (India) Limited to open at ₹442.80, and during the day (based on 14 day Average True Range), to move between ₹430.95 and ₹453.95, which gives a possible trading interval of +/-₹11.50 (+/-2.60%) up or down from last closing price. If Security and Intelligence Services (India) Limited takes out the full calculated possible swing range there will be an estimated 5.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹452.15 (2.19%) than the support at ₹429.65 (2.89%), 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 Security and Intelligence Services (India) Limited stock A Buy?
Security and Intelligence Services holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.618 Hold/Accumulate Upgraded
Predicted Opening Price for Security and Intelligence Services (India) Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹442.80 ( 0.0791%) | ₹442.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIS.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 450.95 | 1.92% |
| R2 | 447.84 | 1.22% |
| R1 | 445.91 | 0.783% |
| Price | 442.45 | |
| S1 | 439.69 | -0.625% |
| S2 | 437.76 | -1.06% |
| S3 | 434.65 | -1.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 470.10 | 6.25% |
| R2 | 458.25 | 3.57% |
| R1 | 452.15 | 2.19% |
| Price | 442.45 | |
| S1 | 429.65 | -2.89% |
| S2 | 418.50 | -5.41% |
| S3 | 409.25 | -7.50% |
SIS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2020 | Mar 03, 2020 | Mar 07, 2020 | ₹2.00 | 0.374% |
| 2 | Jun 19, 2019 | Jun 19, 2019 | Jun 19, 2019 | ₹1.75 | 0.377% |
| 3 | May 09, 2018 | Jun 20, 2018 | Jul 12, 2018 | ₹0.750 | 0.129% |
| 4 | Jan 29, 2018 | Feb 07, 2018 | Feb 20, 2018 | ₹1.00 | 0.177% |
FAQ
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