Smartlink Holdings Limited Stock Forecast
Smartlink Holdings Limited stock price down 2.63% on Wednesday
(Updated on Jun 26, 2024)
The Smartlink Holdings Limited stock price fell by -2.63% on the last day (Wednesday, 26th Jun 2024) from ₹294.20 to ₹286.45. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 3.50% from a day low at ₹283.05 to a day high of ₹292.95. The price has fallen in 6 of the last 10 days but is still up by 0.05% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately ₹888.28 thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at ₹278.36 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 63.85% during the next 3 months and, with a 90% probability hold a price between ₹456.08 and ₹662.90 at the end of this 3-month period.
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SMARTLINK.NS Signals & Forecast
The Smartlink Holdings Limited stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹294.49. On a fall, the stock will find some support from the long-term average at approximately ₹285.48. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, May 14, 2024, and so far it has fallen -12.75%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Smartlink Holdings Limited stock
Smartlink Holdings Limited finds support from accumulated volume at ₹282.50 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹9.90 between high and low, or 3.50%. For the last week the stock has had daily average volatility of 5.69%.
Our recommended stop-loss: ₹269.72 (-5.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 37 days ago.)
Trading Expectations (SMARTLINK.NS) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Smartlink Holdings Limited to open at ₹287.48, and during the day (based on 14 day Average True Range), to move between ₹271.23 and ₹301.67, which gives a possible trading interval of +/-₹15.22 (+/-5.32%) up or down from last closing price. If Smartlink Holdings Limited takes out the full calculated possible swing range there will be an estimated 10.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹282.50 (1.38%) than the resistance at ₹299.45 (4.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Smartlink Holdings 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 Smartlink Holdings Limited stock to perform well in the short-term.
Current score: 2.437 Buy Candidate Unchanged
Predicted Opening Price for Smartlink Holdings Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹287.48 ( 0.361%) | ₹286.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMARTLINK.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 297.38 | 3.82% |
| R2 | 293.60 | 2.50% |
| R1 | 291.27 | 1.68% |
| Price | 286.45 | |
| S1 | 283.70 | -0.96% |
| S2 | 281.37 | -1.78% |
| S3 | 277.58 | -3.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 328.30 | 14.61% |
| R2 | 324.90 | 13.42% |
| R1 | 299.45 | 4.54% |
| Price | 286.45 | |
| S1 | 282.50 | -1.38% |
| S2 | 249.55 | -12.88% |
| S3 | 230.25 | -19.62% |
SMARTLINK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2017 | Jul 17, 2017 | Sep 11, 2017 | ₹2.00 | 2.21% |
| 2 | May 13, 2015 | Jul 20, 2015 | Sep 13, 2015 | ₹2.00 | 2.13% |
| 3 | Apr 29, 2014 | Jun 27, 2014 | Aug 25, 2014 | ₹2.00 | 3.47% |
| 4 | Apr 30, 2013 | Jun 27, 2013 | Aug 26, 2013 | ₹0.500 | 1.16% |
| 5 | May 08, 2012 | Jul 09, 2012 | Aug 27, 2012 | ₹2.00 | 4.15% |
FAQ
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