SML Isuzu Limited Stock Forecast
Green day on Friday for SML Isuzu Limited stock after gaining 1.38%
(Updated on May 17, 2024)
The SML Isuzu Limited stock price gained 1.38% on the last trading day (Friday, 17th May 2024), rising from ₹2,042.45 to ₹2,070.60. During the last trading day the stock fluctuated 2.58% from a day low at ₹2,035.85 to a day high of ₹2,088.45. The price has fallen in 6 of the last 10 days and is down by -1.88% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately ₹19.63 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 8.42% during the next 3 months and, with a 90% probability hold a price between ₹2,089.39 and ₹2,811.78 at the end of this 3-month period.
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SMLISUZU.NS Signals & Forecast
There are mixed signals in the stock today. 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 ₹2,119.36. On a fall, the stock will find some support from the short-term average at ₹2,061.03. 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 -11.14%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SML Isuzu Limited stock
On the downside, the stock finds support just below today's level from accumulated volume at ₹1,749.35 and ₹1,714.70. 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, SML Isuzu Limited finds support just below today's level at ₹1,749.35. If this is broken, then the next support from accumulated volume will be at ₹1,714.70 and ₹1,668.65.
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 ₹52.60 between high and low, or 2.58%. For the last week, the stock has had daily average volatility of 3.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SMLISUZU.NS) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect SML Isuzu Limited to open at ₹2,064.97, and during the day (based on 14 day Average True Range), to move between ₹1,979.62 and ₹2,161.58, which gives a possible trading interval of +/-₹90.98 (+/-4.39%) up or down from last closing price. If SML Isuzu Limited takes out the full calculated possible swing range there will be an estimated 8.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹2,099.20 (1.38%) than the support at ₹1,749.35 (15.51%), 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 +/- 7.21% in the first trading day after earnings release.
Is SML Isuzu Limited stock A Buy?
SML Isuzu Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.631 Sell Candidate Unchanged
Predicted Opening Price for SML Isuzu Limited of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| ₹2,064.97 ( 0.272%) | ₹2,070.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMLISUZU.NS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,117.57 | 2.27 % | |
| R2 | 2,097.47 | 1.30 % | ||
| R1 | 2,085.06 | 0.698 % | ||
| Current price: | 2,070.60 | |||
| Support | S1 | 2,044.87 | -1.24 % | |
| S2 | 2,032.46 | -1.84 % | ||
| S3 | 2,012.37 | -2.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2,408.95 | 16.34 % | |
| R2 | 2,232.20 | 7.80 % | ||
| R1 | 2,099.20 | 1.38 % | ||
| Current price | 2,070.60 | |||
| Support | S1 | 1,749.35 | -15.51% | |
| S2 | 1,714.70 | -17.19% | ||
| S3 | 1,668.65 | -19.41% |
SMLISUZU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 28, 2019 | Sep 19, 2019 | Oct 30, 2019 | ₹3.00 | 0.515% |
| 2 | May 23, 2018 | Aug 01, 2018 | Sep 08, 2018 | ₹1.50 | 0.179% |
| 3 | May 10, 2017 | Sep 14, 2017 | Oct 22, 2017 | ₹8.00 | 0.82% |
| 4 | May 10, 2016 | Jul 28, 2016 | Aug 16, 2016 | ₹8.00 | 0.605% |
| 5 | May 08, 2015 | Aug 27, 2015 | Oct 24, 2015 | ₹6.00 | 0.449% |
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