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Stock analysis Rural Electrification Corporation Limited RECLTD

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Moving Averages for Rural Electrification Corporation Limited

  • 5Day Average: 486.46
  • 12Day Average: 454.6
  • 20Day Average: 456.04
  • 50Day Average: 456.38
  • 100Day Average: 450.58
  • 150Day Average: 402.89
  • 200Day Average: 356.5

RECLTD Indicators & signals

Indicator MACD (12,26,9)

471.02, 460.25, -0.13
Indicator MACD is in positive zone

Indicator ADX (14)

53.57, 50.15, 15.16
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
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
02 Thu May 2024 553.90 510.65 to 557.85 9.22% 5.46 times
30 Tue Apr 2024 507.15 463.20 to 511.65 9.54% 4.78 times
29 Mon Apr 2024 463.00 455.15 to 465.20 1.31% 0.55 times
26 Fri Apr 2024 457.00 452.30 to 461.75 1.27% 0.69 times
25 Thu Apr 2024 451.25 437.95 to 453.80 2.6% 0.76 times
24 Wed Apr 2024 439.80 435.00 to 445.40 0.92% 0.47 times
23 Tue Apr 2024 435.80 432.20 to 440.85 0.3% 0.42 times
22 Mon Apr 2024 434.50 427.40 to 436.40 2.06% 0.41 times
19 Fri Apr 2024 425.75 414.80 to 428.55 -0.68% 0.5 times
18 Thu Apr 2024 428.65 426.05 to 440.30 -0.16% 0.62 times
16 Tue Apr 2024 429.35 420.15 to 432.85 0.06% 0.8 times
15 Mon Apr 2024 429.10 422.30 to 436.45 -2.31% 0.61 times

Technical analysis forecast of Rural Electrification Corporation Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Rural Electrification Corporation Limited RECLTD at this time. Stock is rising and might rise more.

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

Stock of Rural Electrification Corporation Limited (RECLTD) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Rural Electrification Corporation Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 528.7, for a target of 492.7 or 462.63

More indepth analysis on MunafaSutra.com