SBI Share Price: Public Sector Banking and Financial Services Statutory Body Headquartered in Mumbai, Maharashtra
SBI share price today is 423.75 USD with a volume of 16,844,494. At the same time, its chart fluctuates between 421.05 USD – 427.50 USD. SBI share price was a maximum of 441.95 USD and a minimum of 175.50 USD within 52 weeks. Its average volume is 23,262,802 and it is ranked 378.180 in the MarketCap listings. The target point of SBI share price at the end of 1 year is not clear yet. UC limit of the stock is 466.85 and LC limit of the stock is 382.05. Its dividend yield is 0.94 and face value is 1.
Analysis of SBI Share
SBI share price fell 0.16% from $424.45 to $423.75 in the last day. With this day, the stock has been falling for the last 3 days in a row. During the day, the stock fluctuated 1.53% from the day’s low of $421.05 to the day’s high of $427.50. The price has fallen in 6 of the last 10 days. It fell 1.18% overall for this period.
Volume fell as prices fell. It is a good technical analysis result when volume moves with a price. The combination of the two reduces the risk. It also prevents us from getting an early warning. On the last day, the trading volume decreased by 5 million shares, with a total of 17 million shares traded for approximately $7.13 billion.
Considering the current short-term trend, the stock could rise 29.71% over the next 3 months. It can also hold a price between $549.65 and $631.10 at the end of this period.
Forecasts of SBI Share
SBI share price has a buy signal at the 3-month Moving Average Convergence Divergence. As a result of our reviews for the stock, we have reached some negative signals. These negative signals may have some impact on the near short-term development. SBI share price has sell signals from both short and long trades giving a more negative forecast for the stock. On the upside, it may find some resistance at $426.89 and $424.90. If there is a break above any of these levels, we will receive buy signals.
We received a sell signal from the pivot peak on June 03, 2021, whereupon it has dropped 3.48% so far. It may experience further declines until a new low pivot. However, it is promising that the volume will decrease with the price. Because if volume and price move together, the risk decreases and this is a good sign. In addition, the stock received a Gold Star Signal* on May 06, 2021, for the short term.
The Gold Star Signal is the critical point where the short and long-term average and the price line meet. This critical point occurs very rarely. Stocks that have this provide long and very strong gains.
Support Level, Risk, General Comment
On the downside, when we evaluate the stock, we see that it has found support just below today’s level from the backlog of $401.20 and $382.25. There is a risk when stocks test support levels. The reason for this risk is that if they break the support levels, they are likely to fall even lower. In this case, if SBI share price breaks the $401.20 support just below today’s level, it looks like the next support from the accumulated volume will be $382.25 and $328.85.
In general, the stock does not have much volatility during the day. Also, it has good liquidity. Therefore, we can consider the risk in this stock as very low. Over the past day, the stock has fluctuated between the maximum and minimum of $6.45, or 1.53%. Last week, this rate was 2.11%. Analysts were unable to adjust any stop-losses for this stock due to the stock’s negative signals.
SBI share price carries a few negative signals. Despite the positive trend, we do not think that the stock will perform well in the upcoming period. In this case, we cannot make a positive assessment for the stock. It would be better to examine the stock a little, as there are some rough spots in technical analysis.