Skipper Limited Stock Forecast
Green day on Friday for Skipper Limited
(Updated on May 31, 2024)
The Skipper Limited stock price gained 2.58% on the last trading day (Friday, 31st May 2024), rising from ₹290.45 to ₹297.95. It has now gained 3 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 5.15% from a day low at ₹287.60 to a day high of ₹302.40. The price has fallen in 5 of the last 10 days and is down by -8.24% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 538 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately ₹338.20 million.
The stock lies in the middle of a very wide and weak 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 9.77% during the next 3 months and, with a 90% probability hold a price between ₹293.20 and ₹405.92 at the end of this 3-month period.
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SKIPPER.NS Signals & Forecast
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. The Skipper Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹300.84 and ₹323.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 01, 2024, and so far it has fallen -16.70%. 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).
Support, Risk & Stop-loss for Skipper Limited stock
Skipper Limited finds support from accumulated volume at ₹295.30 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 ₹14.80 between high and low, or 5.15%. For the last week, the stock has had daily average volatility of 5.02%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SKIPPER.NS) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Skipper Limited to open at ₹295.98, and during the day (based on 14 day Average True Range), to move between ₹283.84 and ₹312.06, which gives a possible trading interval of +/-₹14.11 (+/-4.73%) up or down from last closing price. If Skipper Limited takes out the full calculated possible swing range there will be an estimated 9.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹295.30 (0.89%) than the resistance at ₹316.55 (6.24%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Skipper Limited stock A Buy?
The Skipper Limited stock holds several negative signals and despite the positive trend, we believe Skipper Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.201 Sell Candidate Unchanged
Predicted Opening Price for Skipper Limited of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| ₹295.98 ( 0.660%) | ₹297.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SKIPPER.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 310.78 | 4.31 % | |
| R2 | 305.13 | 2.41 % | ||
| R1 | 301.64 | 1.24 % | ||
| Current price: | 297.95 | |||
| Support | S1 | 290.33 | -2.56 % | |
| S2 | 286.84 | -3.73 % | ||
| S3 | 281.18 | -5.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 352.05 | 18.16 % | |
| R2 | 351.30 | 17.91 % | ||
| R1 | 316.55 | 6.24 % | ||
| Current price | 297.95 | |||
| Support | S1 | 295.30 | -0.89% | |
| S2 | 260.65 | -12.52% | ||
| S3 | 258.60 | -13.21% |
SKIPPER Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 12, 2022 | Aug 12, 2022 | Aug 12, 2022 | ₹0.100 | 0.184% |
| 2 | Sep 20, 2021 | Sep 20, 2021 | Sep 20, 2021 | ₹0.100 | 0.127% |
| 3 | Sep 18, 2020 | Sep 18, 2020 | Sep 18, 2020 | ₹0.100 | 0.195% |
| 4 | May 22, 2019 | Aug 02, 2019 | Sep 11, 2019 | ₹0.250 | 0.447% |
| 5 | May 17, 2018 | Aug 01, 2018 | Sep 08, 2018 | ₹1.65 | 1.33% |
FAQ
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