Sunil Agro Foods Limited Stock Forecast
Green day on Wednesday for Sunil Agro Foods Limited
(Updated on Jun 26, 2024)
The Sunil Agro Foods Limited stock price gained 2.90% on the last trading day (Wednesday, 26th Jun 2024), rising from ₹149.95 to ₹154.30. During the last trading day the stock fluctuated 3.77% from a day low at ₹149.85 to a day high of ₹155.50. The price has been going up and down for this period, and there has been a -1.56% loss for the last 2 weeks. Volume fell on the last day by -205 shares and in total, 727 shares were bought and sold for approximately ₹112.18 thousand. 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 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 -6.11% during the next 3 months and, with a 90% probability hold a price between ₹123.62 and ₹153.11 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 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 ₹152.54 and ₹152.26. A breakdown below any of these levels will issue sell signals. 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 -6.48%. Further fall is indicated until a new bottom pivot has been found. 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 Sunil Agro Foods Limited stock
Sunil Agro Foods Limited finds support from accumulated volume at ₹154.20 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹5.65 between high and low, or 3.77%. For the last week the stock has had daily average volatility of 4.02%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Sunil Agro Foods Limited to open at ₹153.22, and during the day (based on 14 day Average True Range), to move between ₹146.74 and ₹161.86, which gives a possible trading interval of +/-₹7.56 (+/-4.90%) 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 9.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹154.20 (0.06%) than the resistance at ₹154.65 (0.23%), 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.
Current score: -2.024 Sell Candidate Unchanged
Predicted Opening Price for Sunil Agro Foods Limited of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| ₹153.22 ( 0.702%) | ₹154.30 |
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 | 158.87 | 2.96% |
| R2 | 156.71 | 1.56% |
| R1 | 155.37 | 0.697% |
| Price | 154.30 | |
| S1 | 151.06 | -2.10% |
| S2 | 149.72 | -2.97% |
| S3 | 147.57 | -4.36% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 166.60 | 7.97% |
| R2 | 154.80 | 0.324% |
| R1 | 154.65 | 0.227% |
| Price | 154.30 | |
| S1 | 154.20 | -0.0648% |
| S2 | 146.80 | -4.86% |
| S3 | 141.85 | -8.07% |
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% |
FAQ
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