Syntel, Inc Stock Forecast

Green day on Monday for Syntel, Inc
(Updated on Apr 22, 2024)

SYNT.L Signals & Forecast

A sell signal was issued from a pivot top point on Friday, April 12, 2024, and so far it has fallen -8.46%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Syntel, Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately £251.00. On a fall, the stock will find some support from the long-term average at approximately £223.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Syntel, Inc stock

On the downside, the stock finds support just below today's level from accumulated volume at £230.00 and £215.20. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Syntel, Inc finds support just below today's level at £230.00. If this is broken, then the next support from accumulated volume will be at £215.20 and £195.00.

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 £9.92 between high and low, or 4.20%. For the last week, the stock has had daily average volatility of 4.34%.

Our recommended stop-loss: £229.62 (-5.70%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (SYNT.L) For The Upcoming Trading Day Of Tuesday 23rd

For the upcoming trading day on Tuesday, 23rd we expect Syntel, Inc to open at £241.86, and during the day (based on 14 day Average True Range), to move between £231.44 and £255.56, which gives a possible trading interval of +/-£12.06 (+/-4.95%) up or down from last closing price. If Syntel, Inc takes out the full calculated possible swing range there will be an estimated 9.90% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at £230.00 (5.54%) than the resistance at £258.50 (6.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Syntel, Inc stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 2.264 Buy Candidate Unchanged

Predicted Opening Price for Syntel, Inc of Tuesday, April 23, 2024

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