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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SUNDARMFIN.BO
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Stronger technical forecast for Sundaram Finance Limited stock price after Tuesday trading.
(Updated on Jun 25, 2024)

Buy candidate since Jun 18, 2024 Gain 6.64% PDF

The Sundaram Finance Limited stock price gained 2.57% on the last trading day (Tuesday, 25th Jun 2024), rising from ₹4,756.45 to ₹4,878.65. During the last trading day the stock fluctuated 2.84% from a day low at ₹4,772.20 to a day high of ₹4,907.60. The price has risen in 7 of the last 10 days and is up by 5.58% 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, 661 more shares were traded than the day before. In total, 2 thousand shares were bought and sold for approximately ₹10.72 million.

The stock lies in the upper part of a 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 ₹4,989.81 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.54% during the next 3 months and, with a 90% probability hold a price between ₹4,346.86 and ₹5,216.28 at the end of this 3-month period.

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SUNDARMFIN.BO Signals & Forecast

Mostly positive signals in the chart today. The Sundaram Finance 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 ₹4,699.21 and ₹4,545.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 19.15%. 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 Sundaram Finance Limited stock

On the downside, the stock finds support just below today's level from accumulated volume at ₹4,340.15 and ₹4,290.30. 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, Sundaram Finance Limited finds support just below today's level at ₹4,340.15. If this is broken, then the next support from accumulated volume will be at ₹4,290.30 and ₹4,094.65.

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 ₹135.40 between high and low, or 2.84%. For the last week, the stock has had daily average volatility of 3.38%.

The Sundaram Finance Limited stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: ₹4,716.68 (-3.32%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 36 days ago.)

Trading Expectations (SUNDARMFIN.BO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Sundaram Finance Limited to open at ₹4,852.82, and during the day (based on 14 day Average True Range), to move between ₹4,699.80 and ₹5,057.50, which gives a possible trading interval of +/-₹178.85 (+/-3.67%) up or down from last closing price. If Sundaram Finance Limited takes out the full calculated possible swing range there will be an estimated 7.33% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ ₹4,340.15, some ₹538.50 (11.04%) from the current price of ₹4,878.65, our system finds the risk reward attractive.

Is Sundaram Finance Limited stock A Buy?

Sundaram Finance Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

Current score: 8.089 Strong Buy Candidate Upgraded

Predicted Opening Price for Sundaram Finance Limited of Wednesday, June 26, 2024

Fair opening price June 26, 2024 Current price
₹4,852.82 ( 0.530%) ₹4,878.65

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

Trading levels for SUNDARMFIN.BO

Fibonacci Support & Resistance Levels

Level Price
R3 4,988.22 2.25%
R2 4,936.49 1.19%
R1 4,904.54 0.531%
Price 4,878.65
S1 4,801.09 -1.59%
S2 4,769.14 -2.24%
S3 4,717.42 -3.30%

Accumulated Volume Support & Resistance Levels

Level Price
R3 0 -
R2 0 -
R1 0 -
Price 4,878.65
S1 4,340.15 -11.04%
S2 4,290.30 -12.06%
S3 4,094.65 -16.07%

SUNDARMFIN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jul 31, 2024 Jul 31, 2024 Sep 13, 2024 ₹16.00 0.328%
2 Feb 16, 2024 Feb 16, 2024 Feb 16, 2024 ₹14.00 0.359%
3 Jul 05, 2023 Jul 05, 2023 Aug 20, 2023 ₹15.00 0.580%
4 Feb 17, 2023 Feb 17, 2023 Mar 03, 2023 ₹12.00 0.518%
5 May 10, 2018 May 10, 2018 May 22, 2018 ₹5.00 0.296%

FAQ

What is the symbol for Sundaram Finance Limited Stock and on which exchange is it traded?
The symbol for Sundaram Finance Limited is SUNDARMFIN.BO and it is traded on the XBOM (Bombay Stock Exchange).

Should I buy or sell Sundaram Finance Limited Stock?
Sundaram Finance Limited holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.

How to buy Sundaram Finance Limited Stock?
Sundaram Finance 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 Sundaram Finance Limited Stock.

What's the current price of Sundaram Finance Limited Stock?
As of the end of day on the Jun 25, 2024, the price of an Sundaram Finance Limited (SUNDARMFIN.BO) share was ₹4,878.65.

What is the 52-week high and low for Sundaram Finance Limited Stock?
The 52-week high for Sundaram Finance Limited Stock is ₹4,992.25 and the 52-week low is ₹2,490.15.

What is the market capitalization of Sundaram Finance Limited Stock?
As of the Jun 25, 2024, the market capitalization of Sundaram Finance Limited is 541.521B.

When is the next earnings date for Sundaram Finance Limited?
The upcoming earnings date for Sundaram Finance Limited is Aug 01, 2024.
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