South West Pinnacle Exploration Limited Stock Forecast
South West Pinnacle Exploration Limited stock price up 4.61% on Friday
(Updated on Jun 28, 2024)
The South West Pinnacle Exploration Limited stock price gained 4.61% on the last trading day (Friday, 28th Jun 2024), rising from ₹113.90 to ₹119.15. 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 9.10% from a day low at ₹111.00 to a day high of ₹121.10. The price has fallen in 6 of the last 10 days and is down by -9.15% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 268 more shares were traded than the day before. In total, 4 thousand shares were bought and sold for approximately ₹453.49 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.00% during the next 3 months and, with a 90% probability hold a price between ₹97.09 and ₹126.02 at the end of this 3-month period.
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SOUTHWEST.BO Signals & Forecast
The South West Pinnacle Exploration 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 ₹114.70 and ₹112.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 7.88%. 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). South West Pinnacle Exploration 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 South West Pinnacle Exploration Limited stock
South West Pinnacle Exploration Limited finds support from accumulated volume at ₹118.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹10.10 between high and low, or 9.10%. For the last week, the stock has had daily average volatility of 5.10%.
Our recommended stop-loss: ₹114.30 (-4.07%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (SOUTHWEST.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect South West Pinnacle Exploration Limited to open at ₹117.08, and during the day (based on 14 day Average True Range), to move between ₹112.05 and ₹126.25, which gives a possible trading interval of +/-₹7.10 (+/-5.96%) up or down from last closing price. If South West Pinnacle Exploration Limited takes out the full calculated possible swing range there will be an estimated 11.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹118.60 (0.46%) than the resistance at ₹123.75 (3.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is South West Pinnacle Exploration Limited stock A Buy?
South West Pinnacle Exploration Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.644 Hold/Accumulate Unchanged
Predicted Opening Price for South West Pinnacle Exploration Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹117.08 ( 1.73%) | ₹119.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOUTHWEST.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 127.18 | 6.74% |
| R2 | 123.33 | 3.50% |
| R1 | 120.94 | 1.50% |
| Price | 119.15 | |
| S1 | 113.23 | -4.97% |
| S2 | 110.84 | -6.97% |
| S3 | 106.98 | -10.21% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 131.15 | 10.07% |
| R2 | 126.80 | 6.42% |
| R1 | 123.75 | 3.86% |
| Price | 119.15 | |
| S1 | 118.60 | -0.462% |
| S2 | 114.75 | -3.69% |
| S3 | 113.95 | -4.36% |
SOUTHWEST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 28, 2024 | Feb 28, 2024 | Feb 28, 2024 | ₹0.250 | 0.183% |
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