VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

SIFY Forecast and Technical Stock Analysis

Hold candidate since 2019-07-15 Gain 1.45%

Sify Technologies Limited gained 1.18% in the last trading day ( Wednesday, 17th Jul 2019 ), rising from $1.51 to $1.53 , and has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During day the stock fluctuated 4.73% from a day low at $1.48 to a day high of $1.55. The price has risen in 7 of the last 10 days and is up by 11.1% over the past 2 weeks. Volume fell in the last day by -50 278 shares, and in total, 38 036 shares bought and sold for approximately $58 073.40. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Quick summary:

  • 30 day high of the SIFY stock price was $1.57 and low was $1.32.
  • 90 day high was $1.60 and low was $1.28.
  • 52 week high for the Sify Technologies Limited - $2.04 and low - $1.15.
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Trend

Sify Technologies Limited has broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction there will be support on the roof on the current trend broken, which is $1.51, a level that may pose a second chance to hit a runner. According to fan-theory $1.75 will be the next possible trendtop level and thereby pose a resistance level which may not be broken on the first attempt.

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Signals

Sify Technologies Limited holds buy signals from both short- and long-term moving averages. In addition, 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 $1.45 and $1.39. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday July 09, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

A buy signal from a double bottom formation was found on Tuesday July 09, 2019 with a target of $1.43. Despite the objective of the signal formation has been reached the stock may continue to perform well.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.

Support & Resistance

Sify Technologies Limited finds support from accumulated volume at $1.51.

Support: $1.51 Price: $1.53 Resistance: $1.53

Risk

In general the stock tends to have controlled movements, but the low liquidity has increased the risk substantially.

The stock is extremely overbought on RSI14 (76). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: $1.48 (-3.35%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from pivot bottom found 6 days ago.)

4.82 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate

Evaluation

Sify Technologies Limited holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Will SIFY stock price go up or down on Fri, 19 Jul 2019?

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