Swasti Vinayaka Art and Heritage Corp Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Swasti Vinayaka Art and Heritage Corp stock price down 1.59% on Friday
(Updated on Jun 28, 2024)
The Swasti Vinayaka Art and Heritage Corp stock price fell by -1.59% on the last day (Friday, 28th Jun 2024) from ₹4.39 to ₹4.32. During the last trading day the stock fluctuated 7.93% from a day low at ₹4.16 to a day high of ₹4.49. The price has fallen in 6 of the last 10 days but is still up by 3.85% 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 -194 thousand shares and in total, 142 thousand shares were bought and sold for approximately ₹612.55 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 -4.35% during the next 3 months and, with a 90% probability hold a price between ₹3.48 and ₹4.41 at the end of this 3-month period.
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SVARTCORP.BO Signals & Forecast
The Swasti Vinayaka Art and Heritage Corp 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 ₹4.30 and ₹4.08. 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 Wednesday, June 26, 2024, and so far it has fallen -4.42%. Further fall is indicated until a new bottom pivot has been found. 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 Swasti Vinayaka Art and Heritage Corp stock
Swasti Vinayaka Art and Heritage Corp finds support from accumulated volume at ₹4.27 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 ₹0.330 between high and low, or 7.93%. For the last week the stock has had daily average volatility of 8.35%.
Our recommended stop-loss: ₹4.15 (-3.89%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (SVARTCORP.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Swasti Vinayaka Art and Heritage Corporation Limited to open at ₹4.32, and during the day (based on 14 day Average True Range), to move between ₹4.01 and ₹4.63, which gives a possible trading interval of +/-₹0.308 (+/-7.13%) up or down from last closing price. If Swasti Vinayaka Art and Heritage Corporation Limited takes out the full calculated possible swing range there will be an estimated 14.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹4.27 (1.16%) than the resistance at ₹4.39 (1.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Swasti Vinayaka Art and Heritage Corporation Limited stock A Buy?
Swasti Vinayaka Art and Heritage Corp 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.
Current score: 0.950 Hold/Accumulate Unchanged
Predicted Opening Price for Swasti Vinayaka Art and Heritage Corporation Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹4.32 ( 0.0772%) | ₹4.32 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SVARTCORP.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.65 | 7.72% |
| R2 | 4.53 | 4.80% |
| R1 | 4.45 | 3.00% |
| Price | 4.32 | |
| S1 | 4.20 | -2.84% |
| S2 | 4.12 | -4.64% |
| S3 | 3.99 | -7.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 4.52 | 4.63% |
| R2 | 4.47 | 3.47% |
| R1 | 4.39 | 1.62% |
| Price | 4.32 | |
| S1 | 4.27 | -1.16% |
| S2 | 4.16 | -3.70% |
| S3 | 4.07 | -5.79% |
SVARTCORP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 19, 2019 | Sep 19, 2019 | Oct 28, 2019 | ₹0.0889 | 2.53% |
| 2 | Sep 19, 2018 | Sep 19, 2018 | Oct 28, 2018 | ₹0.0889 | 2.38% |
| 3 | Sep 21, 2017 | Sep 21, 2017 | Oct 29, 2017 | ₹0.0889 | 1.73% |
| 4 | Sep 22, 2016 | Sep 22, 2016 | Sep 22, 2016 | ₹0.0889 | 2.73% |
| 5 | Sep 16, 2015 | Sep 16, 2015 | Sep 16, 2015 | ₹0.0889 | 2.58% |
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