Star Delta Transformers Limited Stock Forecast
Green day on Friday for Star Delta Transformers Limited
(Updated on Jun 28, 2024)
The Star Delta Transformers Limited stock price gained 2.00% on the last trading day (Friday, 28th Jun 2024), rising from ₹808.85 to ₹825.00. During the last trading day the stock fluctuated 0% from a day low at ₹825.00 to a day high of ₹825.00. The price has been going up and down for this period, and there has been a -1.54% loss for the last 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 1 thousand shares were bought and sold for approximately ₹1.22 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -11.96% during the next 3 months and, with a 90% probability hold a price between ₹395.35 and ₹1,045.97 at the end of this 3-month period.
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STARDELTA.BO Signals & Forecast
There are few to no technical positive signals at the moment. The Star Delta Transformers 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 ₹926.24. On a fall, the stock will find some support from the short-term average at ₹811.59. 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 Monday, April 22, 2024, and so far it has fallen -37.31%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Star Delta Transformers Limited stock
Star Delta Transformers Limited finds support from accumulated volume at ₹822.05 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 periodic low trading volume this stock is considered to be "high risk". 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 1.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STARDELTA.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Star Delta Transformers Limited to open at ₹825.00, and during the day (based on 14 day Average True Range), to move between ₹796.64 and ₹853.36, which gives a possible trading interval of +/-₹28.36 (+/-3.44%) up or down from last closing price. If Star Delta Transformers Limited takes out the full calculated possible swing range there will be an estimated 6.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹822.05 (0.36%) than the resistance at ₹850.40 (3.08%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Star Delta Transformers Limited stock A Buy?
Star Delta Transformers Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.785 Sell Candidate Unchanged
Predicted Opening Price for Star Delta Transformers Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹825.00 ( 0%) | ₹825.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STARDELTA.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 825.00 | - |
| R2 | 825.00 | - |
| R1 | 825.00 | - |
| Price | 825.00 | |
| S1 | 825.00 | - |
| S2 | 825.00 | - |
| S3 | 825.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 960.45 | 16.42% |
| R2 | 935.40 | 13.38% |
| R1 | 850.40 | 3.08% |
| Price | 825.00 | |
| S1 | 822.05 | -0.358% |
| S2 | 821.40 | -0.436% |
| S3 | 805.30 | -2.39% |
STARDELTA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 18, 2015 | Sep 18, 2015 | Sep 18, 2015 | ₹0.500 | 0.660% |
| 2 | Sep 23, 2014 | Sep 23, 2014 | Sep 23, 2014 | ₹0.500 | 0.649% |
| 3 | Sep 20, 2013 | Sep 20, 2013 | Sep 20, 2013 | ₹0.500 | 0.123% |
FAQ
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