SML Isuzu Limited Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
SML Isuzu Limited stock downgraded to Sell Candidate
(Updated on May 17, 2024)
The SML Isuzu Limited stock price gained 1.63% on the last trading day (Friday, 17th May 2024), rising from ₹2,040.25 to ₹2,073.60. During the last trading day the stock fluctuated 2.46% from a day low at ₹2,036.85 to a day high of ₹2,087.00. The price has fallen in 7 of the last 10 days and is down by -1.76% for this period. Volume fell on the last day by -188 shares and in total, 407 shares were bought and sold for approximately ₹843.96 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 8.16% during the next 3 months and, with a 90% probability hold a price between ₹2,066.42 and ₹2,795.45 at the end of this 3-month period.
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SMLISUZU.BO Signals & Forecast
There are few to no technical positive signals at the moment. The SML Isuzu Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹2,099.19. On a fall, the stock will find some support from the short-term average at ₹2,060.23. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -10.82%. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for SML Isuzu Limited stock
SML Isuzu Limited finds support from accumulated volume at ₹1,977.05 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 ₹50.15 between high and low, or 2.46%. For the last week the stock has had daily average volatility of 3.54%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SMLISUZU.BO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect SML Isuzu Limited to open at ₹2,065.82, and during the day (based on 14 day Average True Range), to move between ₹1,977.13 and ₹2,170.07, which gives a possible trading interval of +/-₹96.47 (+/-4.65%) up or down from last closing price. If SML Isuzu Limited takes out the full calculated possible swing range there will be an estimated 9.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹2,098.00 (1.18%) than the support at ₹1,977.05 (4.66%), 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.
Earnings coming up
SML Isuzu Limited will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for SML Isuzu Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.83% in the first trading day after earnings release.
Is SML Isuzu Limited stock A Buy?
The SML Isuzu Limited stock holds several negative signals and despite the positive trend, we believe SML Isuzu Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.137 Sell Candidate Downgraded
Predicted Opening Price for SML Isuzu Limited of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| ₹2,065.82 ( 0.375%) | ₹2,073.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMLISUZU.BO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,115.97 | 2.04 % | |
| R2 | 2,096.81 | 1.12 % | ||
| R1 | 2,084.97 | 0.549 % | ||
| Current price: | 2,073.60 | |||
| Support | S1 | 2,046.66 | -1.30 % | |
| S2 | 2,034.82 | -1.87 % | ||
| S3 | 2,015.67 | -2.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,406.80 | 16.07 % | |
| R2 | 2,227.65 | 7.43 % | ||
| R1 | 2,098.00 | 1.18 % | ||
| Current price | 2,073.60 | |||
| Support | S1 | 1,977.05 | -4.66% | |
| S2 | 1,792.55 | -13.55% | ||
| S3 | 1,748.35 | -15.69% |
FAQ
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