Sify Technologies Limited Stock Forecast
Red day on Tuesday for Sify Technologies Limited stock after losing 0%
(Updated on Apr 23, 2024)
No changes to the price of Sify Technologies Limited stock on the last trading day (Tuesday, 23rd Apr 2024). During the last trading day the stock fluctuated 5.98% from a day low at $1.17 to a day high of $1.24. The price has fallen in 6 of the last 10 days and is down by -9.85% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $1.16 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.22% during the next 3 months and, with a 90% probability hold a price between $1.06 and $1.22 at the end of this 3-month period.
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SIFY Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has fallen 0%. Further rise is indicated 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. The Sify Technologies Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $1.23 and $1.29. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Sify Technologies Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.0700 between high and low, or 5.98%. For the last week the stock has had daily average volatility of 5.84%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SIFY) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Sify Technologies Limited to open at $1.20, and during the day (based on 14 day Average True Range), to move between $1.13 and $1.25, which gives a possible trading interval of +/-$0.0617 (+/-5.19%) up or down from last closing price. If Sify Technologies Limited takes out the full calculated possible swing range there will be an estimated 10.37% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $1.29, some $0.100 (8.40%) from the current price of $1.19, our system finds the risk reward not very attractive.
Is Sify Technologies Limited stock A Buy?
Sify Technologies Limited holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.718 Sell Candidate Unchanged
Predicted Opening Price for Sify Technologies Limited of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| $1.20 ( 0.84%) | $1.19 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SIFY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.27 | 6.72 % | |
| R2 | 1.24 | 4.48 % | ||
| R1 | 1.23 | 3.09 % | ||
| Current price: | 1.19 | |||
| Support | S1 | 1.17 | -1.41 % | |
| S2 | 1.16 | -2.79 % | ||
| S3 | 1.13 | -5.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.37 | 15.13 % | |
| R2 | 1.32 | 10.92 % | ||
| R1 | 1.29 | 8.40 % | ||
| Current price | 1.19 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SIFY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2019 | May 24, 2019 | Jul 16, 2019 | $0.0170 | 1.13% |
| 2 | May 15, 2018 | May 24, 2018 | Jul 16, 2018 | $0.0180 | 0.89% |
| 3 | May 24, 2017 | Jun 02, 2017 | Jul 14, 2017 | $0.0190 | 2.64% |
| 4 | May 17, 2016 | May 25, 2016 | Jul 12, 2016 | $0.0150 | 1.40% |
| 5 | Jun 11, 2014 | May 14, 2015 | Jun 25, 2015 | $0.0160 | 0.99% |
FAQ
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