RSI low/high Values: [ 25 - 80 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of SYMPHONY.NS
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Green day on Thursday for Symphony Limited stock after gaining 0.540%
(Updated on Mar 28, 2024)

Sell candidate since Mar 26, 2024 Loss -0.64% PDF

The Symphony Limited stock price gained 0.540% on the last trading day (Thursday, 28th Mar 2024), rising from ₹843.00 to ₹847.55. During the last trading day the stock fluctuated 3.38% from a day low at ₹841.50 to a day high of ₹869.95. The price has fallen in 6 of the last 10 days but is still up by 2.03% over the past 2 weeks. Volume fell on the last day by -34 thousand shares and in total, 147 thousand shares were bought and sold for approximately ₹124.91 million. 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 -8.29% during the next 3 months and, with a 90% probability hold a price between ₹748.58 and ₹823.81 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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SYMPHONY.NS Signals & Forecast

There are mixed signals in the stock today. The Symphony Limited stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at ₹886.02. On a fall, the stock will find some support from the short-term average at ₹841.44. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 3.01%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Symphony Limited stock

Symphony Limited finds support from accumulated volume at ₹843.00 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 ₹28.45 between high and low, or 3.38%. For the last week, the stock has had daily average volatility of 3.89%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SYMPHONY.NS) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Symphony Limited to open at ₹853.00, and during the day (based on 14 day Average True Range), to move between ₹823.76 and ₹871.34, which gives a possible trading interval of +/-₹23.79 (+/-2.81%) up or down from last closing price. If Symphony Limited takes out the full calculated possible swing range there will be an estimated 5.61% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at ₹843.00 (0.54%) than the resistance at ₹867.95 (2.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Symphony Limited stock A Buy?

Symphony 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: -2.159 Sell Candidate Unchanged

Predicted Opening Price for Symphony Limited of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
₹853.00 ( 0.643%) ₹847.55

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

Trading levels for SYMPHONY.NS

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 881.45 4.00 %
R2 870.58 2.72 %
R1 863.87 1.93 %
Current price: 847.55
Support S1 842.13 -0.639 %
S2 835.42 -1.43 %
S3 824.55 -2.71 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 913.85 7.82 %
R2 899.00 6.07 %
R1 867.95 2.41 %
Current price 847.55
Support S1 843.00 -0.537%
S2 829.55 -2.12%
S3 828.30 -2.27%

SYMPHONY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 07, 2024 Feb 07, 2024 Feb 25, 2024 ₹2.00 0.218%
2 Nov 03, 2023 Nov 03, 2023 Nov 03, 2023 ₹2.00 0.236%
3 Aug 04, 2023 Aug 04, 2023 Aug 04, 2023 ₹1.00 0.113%
4 Jul 21, 2023 Jul 21, 2023 Jul 21, 2023 ₹1.00 0.114%
5 Oct 31, 2022 Oct 31, 2022 Oct 31, 2022 ₹2.00 0.239%

FAQ

What is the symbol for Symphony Limited Stock and on which exchange is it traded?
The symbol for Symphony Limited is SYMPHONY.NS and it is traded on the NSE (National Stock Exchange of India).

Should I buy or sell Symphony Limited Stock?
Symphony 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.

How to buy Symphony Limited Stock?
Symphony 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 Symphony Limited Stock.

What's the current price of Symphony Limited Stock?
As of the end of day on the 2024-03-28, the price of an Symphony Limited (SYMPHONY.NS) share was ₹847.55.

What is the 52-week high and low for Symphony Limited Stock?
The 52-week high for Symphony Limited Stock is ₹1,043.35 and the 52-week low is ₹820.00.

What is the market capitalization of Symphony Limited Stock?
As of the 2024-03-28, the market capitalization of Symphony Limited is 58.445B.

When is the next earnings date for Symphony Limited?
The upcoming earnings date for Symphony Limited is May 03, 2024.
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About Symphony Limited

Symphony Limited Symphony Limited manufactures and trades in residential, commercial, and industrial air coolers and other appliances in India and internationally. The company offers large and medium space coolers, and spot coolers for household use; commercial coolers for use in restaurants, large halls, and party plots; and industrial air coolers for use in factories, warehouses, showrooms, workshops, religious places, schools, malls, assembly halls, metro stat... SYMPHONY.NS Profile

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