S. P. Capital Financing Limited Stock Forecast

S. P. Capital Financing Limited stock price ended at ₹39.27 on Friday, after losing 0%.
(Updated on Jun 14, 2024)

SPCAPIT.BO Signals & Forecast

The S. P. Capital Financing 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 ₹38.83 and ₹38.45. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 28, 2024, and so far it has fallen -10.47%. 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 S. P. Capital Financing Limited stock

S. P. Capital Financing Limited finds support from accumulated volume at ₹37.63 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 ₹0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 1.24%.

Our recommended stop-loss: ₹36.70 (-6.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 51 days ago.)

Trading Expectations (SPCAPIT.BO) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect S. P. Capital Financing Limited to open at ₹39.27, and during the day (based on 14 day Average True Range), to move between ₹38.46 and ₹40.08, which gives a possible trading interval of +/-₹0.81 (+/-2.07%) up or down from last closing price. If S. P. Capital Financing Limited takes out the full calculated possible swing range there will be an estimated 4.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹37.63 (4.18%) than the resistance at ₹41.41 (5.45%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is S. P. Capital Financing 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 S. P. Capital Financing Limited stock to perform well in the short-term.

Current score: 2.022 Buy Candidate Unchanged

Predicted Opening Price for S. P. Capital Financing Limited of Tuesday, June 18, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.