Sizemasters Technology Limited Stock Forecast
Sizemasters Technology Limited stock price up 5.00% on Tuesday
(Updated on Jun 25, 2024)
The Sizemasters Technology Limited stock price gained 5.00% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹208.20 to ₹218.60. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.0458% from a day low at ₹218.50 to a day high of ₹218.60. The price has been going up and down for this period, and there has been a 16.93% 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, 411 more shares were traded than the day before. In total, 727 shares were bought and sold for approximately ₹158.92 thousand.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹225.11 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 34.31% during the next 3 months and, with a 90% probability hold a price between ₹238.84 and ₹302.35 at the end of this 3-month period.
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SIZEMASTER.BO Signals & Forecast
Mostly positive signals in the chart today. The Sizemasters Technology 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 ₹194.04 and ₹183.28. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 70.45%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Sizemasters Technology 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.
Support, Risk & Stop-loss for Sizemasters Technology Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹184.00 and ₹164.45. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Sizemasters Technology Limited finds support just below today's level at ₹184.00. If this is broken, then the next support from accumulated volume will be at ₹164.45 and ₹164.20.
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 ₹0.1000 between high and low, or 0.0458%. For the last week, the stock has had daily average volatility of 4.17%.
Our recommended stop-loss: ₹210.95 (-3.50%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 66 days ago.)
Trading Expectations (SIZEMASTER.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Sizemasters Technology Limited to open at ₹218.57, and during the day (based on 14 day Average True Range), to move between ₹212.36 and ₹224.84, which gives a possible trading interval of +/-₹6.24 (+/-2.86%) up or down from last closing price. If Sizemasters Technology Limited takes out the full calculated possible swing range there will be an estimated 5.71% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ ₹184.00, some ₹34.60 (15.83%) from the current price of ₹218.60, our system finds the risk reward attractive.
Is Sizemasters Technology Limited stock A Buy?
Sizemasters Technology Limited holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.962 Strong Buy Candidate Unchanged
Predicted Opening Price for Sizemasters Technology Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹218.57 ( 0.0152%) | ₹218.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIZEMASTER.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 218.67 | 0.0305% |
| R2 | 218.63 | 0.0130% |
| R1 | 218.60 | 0.0022% |
| Price | 218.60 | |
| S1 | 218.53 | -0.0327% |
| S2 | 218.50 | -0.0435% |
| S3 | 218.47 | -0.0610% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 218.60 | |
| S1 | 184.00 | -15.83% |
| S2 | 164.45 | -24.77% |
| S3 | 164.20 | -24.89% |
FAQ
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