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AI Analysis of STARLOG.BO
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Starlog Enterprises Limited stock downgraded to Sell Candidate
(Updated on Jun 14, 2024)

Sell candidate since Jun 14, 2024 PDF

The Starlog Enterprises Limited stock price fell by -2.93% on the last day (Friday, 14th Jun 2024) from ₹39.24 to ₹38.09. During the last trading day the stock fluctuated 5.26% from a day low at ₹38.00 to a day high of ₹40.00. The price has been going up and down for this period, and there has been a 0.26% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -6 thousand shares and in total, 5 thousand shares were bought and sold for approximately ₹180.36 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 -2.76% during the next 3 months and, with a 90% probability hold a price between ₹31.22 and ₹41.56 at the end of this 3-month period.

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STARLOG.BO Signals & Forecast

There are mixed signals in the stock today. The Starlog Enterprises 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 ₹39.38. On a fall, the stock will find some support from the short-term average at ₹37.21. 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 Thursday, June 13, 2024, and so far it has fallen -2.93%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for Starlog Enterprises Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹34.96 and ₹33.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Starlog Enterprises Limited finds support just below today's level at ₹34.96. If this is broken, then the next support from accumulated volume will be at ₹33.80 and ₹32.26.

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 ₹2.00 between high and low, or 5.26%. For the last week the stock has had daily average volatility of 6.94%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

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

For the upcoming trading day on Tuesday, 18th we expect Starlog Enterprises Limited to open at ₹38.70, and during the day (based on 14 day Average True Range), to move between ₹34.88 and ₹41.30, which gives a possible trading interval of +/-₹3.21 (+/-8.43%) up or down from last closing price. If Starlog Enterprises Limited takes out the full calculated possible swing range there will be an estimated 16.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at ₹39.24 (3.02%) than the support at ₹34.96 (8.22%), 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 Starlog Enterprises Limited stock A Buy?

Starlog Enterprises Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.120 Sell Candidate Downgraded

Predicted Opening Price for Starlog Enterprises Limited of Tuesday, June 18, 2024

Fair opening price June 18, 2024 Current price
₹38.70 ( 1.59%) ₹38.09

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

Trading levels for STARLOG.BO

Fibonacci Support & Resistance Levels

Level Price
R3 40.70 6.84%
R2 39.93 4.84%
R1 39.46 3.60%
Price 38.09
S1 37.93 -0.413%
S2 37.46 -1.65%
S3 36.70 -3.66%

Accumulated Volume Support & Resistance Levels

Level Price
R3 43.26 13.57%
R2 41.11 7.93%
R1 39.24 3.02%
Price 38.09
S1 34.96 -8.22%
S2 33.80 -11.26%
S3 32.26 -15.31%

STARLOG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 23, 2011 Nov 23, 2011 Nov 23, 2011 ₹5.00 0%
2 Mar 21, 2011 Mar 21, 2011 Mar 21, 2011 ₹5.00 0%
3 Apr 22, 2010 Apr 22, 2010 Apr 22, 2010 ₹4.00 0%
4 Apr 24, 2009 Apr 24, 2009 Apr 24, 2009 ₹4.00 0%
5 Sep 23, 2008 Sep 23, 2008 Sep 23, 2008 ₹2.50 0%

FAQ

What is the symbol for Starlog Enterprises Limited Stock and on which exchange is it traded?
The symbol for Starlog Enterprises Limited is STARLOG.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Starlog Enterprises Limited Stock?
Starlog Enterprises Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Starlog Enterprises Limited Stock?
Starlog Enterprises Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Starlog Enterprises Limited Stock.

What's the current price of Starlog Enterprises Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Starlog Enterprises Limited (STARLOG.BO) share was ₹38.09.

What is the 52-week high and low for Starlog Enterprises Limited Stock?
The 52-week high for Starlog Enterprises Limited Stock is ₹56.15 and the 52-week low is ₹23.70.

What is the market capitalization of Starlog Enterprises Limited Stock?
As of the Jun 14, 2024, the market capitalization of Starlog Enterprises Limited is 433.055M.
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