SpelAnother cyclical stocks to benefit from lower interest rates. Retraced perfectly from all time highs.
It's in a good risk to reward position
4.04 PKR
640.97 M PKR
6.97 B PKR
49.97 M
About SYNTHETIC PRODUCTS ENTERPRISES LTD
Sector
Headquarters
Lahore
Founded
1982
Website
ISIN
PK0109101011
FIGI
BBG0082Z96G2
Synthetic Products Enterprises Ltd. engages in the manufacturing and sale of plastic for auto parts, packaging for food and fast-moving consumer goods (FMCG) industry, and molds and dyes. Its products include face shield, baton, plastic packaging and crates, bottles, caps and closures, automotive and off-road vehicle parts. The company was founded on May 16, 1982 and is headquartered in Lahore, Pakistan.
PSX - SPELSPEL is close to break out with Good Volume.
Trade Plan:
Entry: CMP 45.22
TP1: 56.87
SL: 31.5
Influenced by B&B Show
SPEL offers 78% upside from these levels50% of the planned quantity should be entered at Rs. 45.26 with SL of 31. Remaining 50% quantity can be added once pole is breakout @ 80.72 which is a 78% capital upside.
The stock has retraced to 0.618 level @ 31 which is the HL, now the stock is ready to define its HH that potentially be the flag
SPEL | Inverse Head & ShoulderForming Inverse Head & Shoulder Pattern
Entry Price: 44.70
TP1: 44.70 (towards Neckline resistance)
TP2: 50 (if breaks neckline)
TP3: 56 (Invers H&S Projection target)
SL: 36
Currently, near Monthly Support level around 39.50 - 40
Though Bullish on Monthly TF, but
Weekly closing is important; above 41
is a positive trigger. Still, 45 needs to be
crossed for a Bullish momentum.
However, Bearish ABCD pattern also
seems in play; targeting around 23 - 24.
SPEL -PSX Technical Analysis
Price after breaking the bearish parallel channel went sideways. Now it can go either way up or down. RSI indicator suggest that it is likely to continue going down.
Therefore, wait till it crosses Rs 42.25 value to initiate Buy.
EMA 89 suggests that it is still in up-trend but price is closing on
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of SPEL is 42.41 PKR — it has decreased by −0.02% in the past 24 hours. Watch SYNTHETIC PRODUCTS ENTERPRISES LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on PSX exchange SYNTHETIC PRODUCTS ENTERPRISES LTD stocks are traded under the ticker SPEL.
SPEL stock has fallen by −4.18% compared to the previous week, the month change is a 14.78% rise, over the last year SYNTHETIC PRODUCTS ENTERPRISES LTD has showed a 233.94% increase.
SPEL reached its all-time high on Aug 8, 2024 with the price of 56.87 PKR, and its all-time low was 6.03 PKR and was reached on Aug 8, 2019. View more price dynamics on SPEL chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
SPEL stock is 6.64% volatile and has beta coefficient of −0.42. Track SYNTHETIC PRODUCTS ENTERPRISES LTD stock price on the chart and check out the list of the most volatile stocks — is SYNTHETIC PRODUCTS ENTERPRISES LTD there?
Today SYNTHETIC PRODUCTS ENTERPRISES LTD has the market capitalization of 8.61 B, it has decreased by −6.10% over the last week.
Yes, you can track SYNTHETIC PRODUCTS ENTERPRISES LTD financials in yearly and quarterly reports right on TradingView.
SPEL net income for the last quarter is 284.92 M PKR, while the quarter before that showed 262.31 M PKR of net income which accounts for 8.62% change. Track more SYNTHETIC PRODUCTS ENTERPRISES LTD financial stats to get the full picture.
Yes, SPEL dividends are paid annually. The last dividend per share was 0.80 PKR. As of today, Dividend Yield (TTM)% is 1.86%. Tracking SYNTHETIC PRODUCTS ENTERPRISES LTD dividends might help you take more informed decisions.
SYNTHETIC PRODUCTS ENTERPRISES LTD dividend yield was 5.03% in 2024, and payout ratio reached 23.80%. The year before the numbers were 7.21% and 30.36% correspondingly. See high-dividend stocks and find more opportunities for your portfolio.
As of Dec 26, 2024, the company has 539.00 employees. See our rating of the largest employees — is SYNTHETIC PRODUCTS ENTERPRISES LTD on this list?
Like other stocks, SPEL shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade SYNTHETIC PRODUCTS ENTERPRISES LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So SYNTHETIC PRODUCTS ENTERPRISES LTD technincal analysis shows the buy rating today, and its 1 week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating SYNTHETIC PRODUCTS ENTERPRISES LTD stock shows the strong buy signal. See more of SYNTHETIC PRODUCTS ENTERPRISES LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.