Swarnsarita Gems Limited 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
Swarnsarita Gems Limited stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Swarnsarita Gems Limited stock price gained 3.99% on the last trading day (Friday, 28th Jun 2024), rising from ₹28.30 to ₹29.43. During the last trading day the stock fluctuated 6.52% from a day low at ₹28.53 to a day high of ₹30.39. The price has been going up and down for this period, and there has been a 2.12% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 20 thousand shares were bought and sold for approximately ₹578.09 thousand.
Given the current short-term trend, the stock is expected to fall -17.72% during the next 3 months and, with a 90% probability hold a price between ₹17.91 and ₹24.21 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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SWARNSAR.BO Signals & Forecast
Mostly positive signals in the chart today. The Swarnsarita Gems 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 ₹28.58 and ₹28.42. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 24.55%. 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). Swarnsarita Gems Limited has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Monday, June 24, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, June 24, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Swarnsarita Gems Limited stock
Swarnsarita Gems Limited finds support from accumulated volume at ₹28.53 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 ₹1.86 between high and low, or 6.52%. For the last week, the stock has had daily average volatility of 4.41%.
Our recommended stop-loss: ₹28.36 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 38 days ago.)
Trading Expectations (SWARNSAR.BO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Swarnsarita Gems Limited to open at ₹29.45, and during the day (based on 14 day Average True Range), to move between ₹27.63 and ₹31.23, which gives a possible trading interval of +/-₹1.80 (+/-6.11%) up or down from last closing price. If Swarnsarita Gems Limited takes out the full calculated possible swing range there will be an estimated 12.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₹28.53 (3.06%) than the resistance at ₹30.37 (3.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Swarnsarita Gems Limited stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.609 Buy Candidate Upgraded
Predicted Opening Price for Swarnsarita Gems Limited of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| ₹29.45 ( 0.0680%) | ₹29.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWARNSAR.BO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.31 | 6.39% |
| R2 | 30.60 | 3.97% |
| R1 | 30.16 | 2.48% |
| Price | 29.43 | |
| S1 | 28.74 | -2.35% |
| S2 | 28.30 | -3.84% |
| S3 | 27.59 | -6.25% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.20 | 9.41% |
| R2 | 30.94 | 5.13% |
| R1 | 30.37 | 3.19% |
| Price | 29.43 | |
| S1 | 28.53 | -3.06% |
| S2 | 25.56 | -13.15% |
| S3 | 23.63 | -19.71% |
SWARNSAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 11, 2013 | Sep 11, 2013 | Sep 11, 2013 | ₹0.500 | 1.11% |
| 2 | Sep 10, 2012 | Sep 10, 2012 | Sep 10, 2012 | ₹0.500 | 1.74% |
| 3 | Jul 21, 2011 | Jul 21, 2011 | Jul 21, 2011 | ₹0.500 | 2.79% |
| 4 | Sep 06, 2010 | Sep 06, 2010 | Sep 06, 2010 | ₹0.500 | 2.99% |
| 5 | Sep 08, 2008 | Sep 08, 2008 | Sep 08, 2008 | ₹1.20 | 0.657% |
FAQ
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