SPL Industries 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
Stronger technical forecast for SPL Industries Limited stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The SPL Industries Limited stock price gained 3.06% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹60.88 to ₹62.74. During the last trading day the stock fluctuated 4.03% from a day low at ₹60.99 to a day high of ₹63.45. The price has risen in 6 of the last 10 days and is up by 5.62% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 60 thousand more shares were traded than the day before. In total, 91 thousand shares were bought and sold for approximately ₹5.70 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at ₹64.06 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect SPL Industries Limited stock with a 90% probability to be traded between ₹56.90 and ₹65.07 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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SPLIL.NS Signals & Forecast
Mostly positive signals in the chart today. The SPL Industries 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 ₹61.02 and ₹59.67. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 12.44%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SPL Industries Limited stock
SPL Industries Limited finds support from accumulated volume at ₹62.69 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 ₹2.46 between high and low, or 4.03%. For the last week, the stock has had daily average volatility of 3.60%.
Our recommended stop-loss: ₹60.52 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 57 days ago.)
Trading Expectations (SPLIL.NS) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SPL Industries Limited to open at ₹62.39, and during the day (based on 14 day Average True Range), to move between ₹60.32 and ₹65.16, which gives a possible trading interval of +/-₹2.42 (+/-3.85%) up or down from last closing price. If SPL Industries Limited takes out the full calculated possible swing range there will be an estimated 7.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹62.69 (0.08%) than the resistance at ₹62.90 (0.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is SPL Industries Limited stock A Buy?
SPL Industries Limited holds several positive signals and is considered to be a good choice at current levels. We expect the SPL Industries Limited stock to perform great in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.893 Strong Buy Candidate Upgraded
Predicted Opening Price for SPL Industries Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹62.39 ( 0.553%) | ₹62.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPLIL.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 64.85 | 3.37% |
| R2 | 63.91 | 1.87% |
| R1 | 63.33 | 0.95% |
| Price | 62.74 | |
| S1 | 61.45 | -2.05% |
| S2 | 60.87 | -2.98% |
| S3 | 59.93 | -4.47% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 63.15 | 0.653% |
| R1 | 62.90 | 0.255% |
| Price | 62.74 | |
| S1 | 62.69 | -0.0797% |
| S2 | 61.55 | -1.90% |
| S3 | 57.85 | -7.79% |
SPLIL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 14, 2007 | Sep 14, 2007 | Sep 14, 2007 | ₹1.00 | 3.93% |
FAQ
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