SPS FINQUEST LTD Stock Forecast
SPS FINQUEST LTD stock upgraded to Buy Candidate.
(Updated on Jun 25, 2024)
No changes to the price of SPS FINQUEST LTD stock on the last trading day (Tuesday, 25th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at ₹68.00 to a day high of ₹68.00. The price has risen in 6 of the last 10 days and is up by 7.09% over the past 2 weeks.
The stock lies in the middle of a 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 -4.26% during the next 3 months and, with a 90% probability hold a price between ₹57.29 and ₹67.21 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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SPS.BO Signals & Forecast
The SPS FINQUEST LTD 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 ₹67.61 and ₹65.13. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has fallen 0%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for SPS FINQUEST LTD stock
SPS FINQUEST LTD finds support from accumulated volume at ₹66.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock 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 5.08%
Our recommended stop-loss: ₹64.12 (-5.70%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (SPS.BO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect SPS FINQUEST LTD to open at ₹68.00, and during the day (based on 14 day Average True Range), to move between ₹65.07 and ₹70.93, which gives a possible trading interval of +/-₹2.93 (+/-4.31%) up or down from last closing price. If SPS FINQUEST LTD takes out the full calculated possible swing range there will be an estimated 8.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at ₹68.70 (1.03%) than the support at ₹66.00 (2.94%), 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.
Is SPS FINQUEST LTD stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.425 Buy Candidate Upgraded
Predicted Opening Price for SPS FINQUEST LTD of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| ₹68.00 ( 0%) | ₹68.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPS.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 68.00 | - |
| R2 | 68.00 | - |
| R1 | 68.00 | - |
| Price | 68.00 | |
| S1 | 68.00 | - |
| S2 | 68.00 | - |
| S3 | 68.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 70.00 | 2.94% |
| R2 | 69.00 | 1.47% |
| R1 | 68.70 | 1.03% |
| Price | 68.00 | |
| S1 | 66.00 | -2.94% |
| S2 | 64.10 | -5.74% |
| S3 | 61.05 | -10.22% |
FAQ
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