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Stock analysis Aban Offshore Limited ABAN

More indepth analysis on MunafaSutra.com

Moving Averages for Aban Offshore Limited

  • 5Day Average: 64.73
  • 12Day Average: 64.99
  • 20Day Average: 65.63
  • 50Day Average: 71.51
  • 100Day Average: 69.37
  • 150Day Average: 60.59
  • 200Day Average: 55.46

ABAN Indicators & signals

Indicator MACD (12,26,9)

65.13, 67.05, -2.06
Indicator MACD is in negative zone

Indicator ADX (14)

24.07, 13.23, 21.61
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 66
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ABAN Aban Offshore Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
12 Tue Nov 2024 61.86 61.72 to 64.98 -4.79% 1.25 times
11 Mon Nov 2024 64.97 64.40 to 68.80 -3.88% 1.32 times
08 Fri Nov 2024 67.59 63.13 to 67.59 4.99% 3.43 times
07 Thu Nov 2024 64.38 64.00 to 65.98 -0.74% 0.61 times
06 Wed Nov 2024 64.86 64.49 to 65.71 0.76% 0.86 times
05 Tue Nov 2024 64.37 64.20 to 65.88 -1.48% 0.53 times
04 Mon Nov 2024 65.34 63.27 to 65.94 -0.83% 0.64 times
01 Fri Nov 2024 65.89 65.00 to 65.98 0.24% 0.6 times
31 Thu Oct 2024 65.73 65.00 to 65.98 -0.38% 0.62 times
30 Wed Oct 2024 65.98 64.91 to 67.26 1.62% 0.65 times
29 Tue Oct 2024 64.93 64.11 to 67.00 1.41% 0.75 times
28 Mon Oct 2024 64.03 62.56 to 66.44 -0.4% 0.97 times

Technical analysis forecast for Aban Offshore 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 Aban Offshore Limited ABAN at this time. Stock is falling and might fall more.

It appears as if Aban Offshore Limited ABAN gave a large move recently.

Stock of Aban Offshore Limited (ABAN) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

Although my analysis for Aban Offshore Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 62.5, for a target of 64.6 or 66.23

More indepth analysis on MunafaSutra.com