Stock analysis Rural Electrification Corporation Limited RECLTD

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Moving Averages for Rural Electrification Corporation Limited

5Day Average: 516.25
12Day Average: 537.69
20Day Average: 541.9
50Day Average: 529.84
100Day Average: 551.73
150Day Average: 556.96
200Day Average: 538.57

RECLTD Indicators & signals

Indicator MACD (12,26,9)

529.51, 533.5, 1.39
Indicator MACD is in negative zone

Indicator ADX (14)

31.22, 15.78, 30.1
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RECLTD Rural Electrification Corporation Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
26 Thu Dec 2024	519.10	507.05 to 520.50	2.31%	0.99 times
24 Tue Dec 2024	507.40	505.65 to 517.05	-0.98%	0.6 times
23 Mon Dec 2024	512.40	506.55 to 521.90	-0.17%	0.97 times
20 Fri Dec 2024	513.25	510.30 to 533.50	-3%	1.7 times
19 Thu Dec 2024	529.10	518.20 to 536.00	-1.51%	1.05 times
18 Wed Dec 2024	537.20	532.25 to 550.50	0%	1.11 times
18 Wed Dec 2024	537.20	532.25 to 550.50	-2.42%	1.11 times
17 Tue Dec 2024	550.55	547.60 to 566.00	-1.65%	1.1 times
16 Mon Dec 2024	559.80	557.10 to 563.95	0.51%	0.53 times
13 Fri Dec 2024	556.95	542.50 to 560.45	-0.46%	0.92 times
12 Thu Dec 2024	559.55	558.55 to 571.50	-1.79%	0.91 times
11 Wed Dec 2024	569.75	566.25 to 572.65	-0.07%	0.98 times

Technical analysis forecast for Rural Electrification Corporation Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Rural Electrification Corporation Limited RECLTD at this time. Stock is falling and might fall more.

It appears as if Rural Electrification Corporation Limited RECLTD gave a large move recently.

Stock of Rural Electrification Corporation Limited (RECLTD) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Rural Electrification Corporation Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 514 as stoploss in an intra day buy trade for a target of 532.85. However, stock will show a bearish move below 514.

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