The State Trading Corp of India Ltd. Stock Forecast
The State Trading Corp of India Ltd. stock downgraded to Hold/Accumulate
(Updated on Jun 28, 2024)
The The State Trading Corp of India Ltd. stock price fell by -1.26% on the last day (Friday, 28th Jun 2024) from ₹157.91 to ₹155.92. During the last trading day the stock fluctuated 3.54% from a day low at ₹155.49 to a day high of ₹161.00. The price has fallen in 6 of the last 10 days but is still up by 9.43% over the past 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 -42 thousand shares and in total, 63 thousand shares were bought and sold for approximately ₹9.77 million.
The stock lies in the upper part of a very wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at ₹161.89 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.64% during the next 3 months and, with a 90% probability hold a price between ₹134.81 and ₹172.65 at the end of this 3-month period.
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STCINDIA.NS Signals & Forecast
The The State Trading Corp of India Ltd. stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately ₹157.13. On a fall, the stock will find some support from the long-term average at approximately ₹143.66. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -3.30%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for The State Trading Corp of India Ltd. stock
The State Trading Corp of India Ltd. finds support from accumulated volume at ₹154.80 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved ₹5.51 between high and low, or 3.54%. For the last week, the stock has had daily average volatility of 4.93%.
Our recommended stop-loss: ₹149.97 (-3.82%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (STCINDIA.NS) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect The State Trading Corporation of India Ltd. to open at ₹157.47, and during the day (based on 14 day Average True Range), to move between ₹148.51 and ₹163.33, which gives a possible trading interval of +/-₹7.41 (+/-4.75%) up or down from last closing price. If The State Trading Corporation of India Ltd. takes out the full calculated possible swing range there will be an estimated 9.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹154.80 (0.72%) than the resistance at ₹160.37 (2.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is The State Trading Corporation of India Ltd. stock A Buy?
The State Trading Corp of India Ltd. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.953 Hold/Accumulate Downgraded
Predicted Opening Price for The State Trading Corporation of India Ltd. of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹157.47 ( 0.99%) | ₹155.92 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STCINDIA.NS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 162.98 | 4.53% |
| R2 | 160.88 | 3.18% |
| R1 | 159.57 | 2.34% |
| Price | 155.92 | |
| S1 | 155.37 | -0.356% |
| S2 | 154.06 | -1.19% |
| S3 | 151.96 | -2.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 161.24 | 3.41% |
| R2 | 160.55 | 2.97% |
| R1 | 160.37 | 2.85% |
| Price | 155.92 | |
| S1 | 154.80 | -0.718% |
| S2 | 149.00 | -4.44% |
| S3 | 140.00 | -10.21% |
STCINDIA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2013 | Sep 19, 2013 | Oct 25, 2013 | ₹2.00 | 1.19% |
| 2 | May 30, 2012 | Sep 20, 2012 | Oct 26, 2012 | ₹2.00 | 0.84% |
| 3 | Jun 25, 2011 | Sep 22, 2011 | Oct 29, 2011 | ₹3.00 | 1.92% |
| 4 | Jul 23, 2010 | Sep 21, 2010 | Oct 27, 2010 | ₹2.25 | 0.585% |
| 5 | Jan 28, 2010 | Feb 17, 2010 | Feb 27, 2010 | ₹2.50 | 0.535% |
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