Sunil Agro Foods Limited Stock Forecast
High volatility in Sunil Agro Foods Limited stock price on Friday which ended trading at ₹154.20
(Updated on Jun 14, 2024)
The Sunil Agro Foods Limited stock price fell by -6.55% on the last day (Friday, 14th Jun 2024) from ₹165.00 to ₹154.20. During the last trading day the stock fluctuated 10.07% from a day low at ₹153.00 to a day high of ₹168.40. The price has risen in 6 of the last 10 days and is up by 10.26% over the past 2 weeks. Volume has increased on the last day by 658 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 thousand shares were bought and sold for approximately ₹193.68 thousand.
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 -7.15% during the next 3 months and, with a 90% probability hold a price between ₹122.77 and ₹152.88 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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SUNILAGR.BO Signals & Forecast
The Sunil Agro Foods Limited 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 ₹155.05. On a fall, the stock will find some support from the long-term average at approximately ₹153.74. 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 Thursday, June 13, 2024, and so far it has fallen -6.55%. Further fall is indicated until a new bottom pivot has been found. Sunil Agro Foods Limited gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Sunil Agro Foods Limited stock
Sunil Agro Foods Limited finds support from accumulated volume at ₹154.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 ₹15.40 between high and low, or 10.07%. For the last week, the stock has had daily average volatility of 6.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SUNILAGR.BO) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Sunil Agro Foods Limited to open at ₹158.53, and during the day (based on 14 day Average True Range), to move between ₹145.55 and ₹162.85, which gives a possible trading interval of +/-₹8.65 (+/-5.61%) up or down from last closing price. If Sunil Agro Foods Limited takes out the full calculated possible swing range there will be an estimated 11.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹154.00 (0.13%) than the resistance at ₹154.65 (0.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sunil Agro Foods Limited stock A Buy?
Sunil Agro Foods 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: -2.013 Sell Candidate Downgraded
Predicted Opening Price for Sunil Agro Foods Limited of Tuesday, June 18, 2024
Fair opening price June 18, 2024 | Current price |
---|---|
₹158.53 ( 2.81%) | ₹154.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SUNILAGR.BO
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 173.93 | 12.80% |
R2 | 168.05 | 8.98% |
R1 | 164.42 | 6.63% |
Price | 154.20 | |
S1 | 152.65 | -1.00% |
S2 | 149.02 | -3.36% |
S3 | 143.13 | -7.18% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 166.60 | 8.04% |
R2 | 163.25 | 5.87% |
R1 | 154.65 | 0.292% |
Price | 154.20 | |
S1 | 154.00 | -0.130% |
S2 | 146.80 | -4.80% |
S3 | 141.85 | -8.01% |
SUNILAGR Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Aug 12, 2022 | Aug 12, 2022 | Sep 22, 2022 | ₹0.500 | 0.298% |
2 | Sep 11, 2019 | Sep 11, 2019 | Oct 19, 2019 | ₹0.500 | 2.08% |
3 | Aug 30, 2018 | Aug 30, 2018 | Sep 09, 2018 | ₹0.500 | 0.94% |
4 | Sep 14, 2017 | Sep 14, 2017 | Oct 21, 2017 | ₹0.500 | 0.678% |
5 | Aug 28, 2014 | Aug 28, 2014 | Aug 28, 2014 | ₹0.500 | 2.94% |
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