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Stock analysis Archean Chemical Ind Ltd ACI

More indepth analysis on MunafaSutra.com

Moving Averages for Archean Chemical Ind Ltd

  • 5Day Average: 628.87
  • 12Day Average: 631.87
  • 20Day Average: 649.23
  • 50Day Average: 650.91
  • 100Day Average: 654.39
  • 150Day Average: 631.32
  • 200Day Average: 619.46

ACI Indicators & signals

Indicator MACD (12,26,9)

634.09, 644.08, -7.43
Indicator MACD is in negative zone

Indicator ADX (14)

21.01, 16.42, 25.16
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ACI Archean Chemical Ind Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Fri May 2024 621.05 616.20 to 628.35 -0.94% 0.62 times
16 Thu May 2024 626.95 617.25 to 645.95 1.68% 1.57 times
15 Wed May 2024 616.60 583.55 to 629.70 -4.52% 2.95 times
14 Tue May 2024 645.80 633.45 to 649.70 1.87% 0.47 times
13 Mon May 2024 633.95 623.10 to 638.00 0.75% 0.43 times
10 Fri May 2024 629.25 616.75 to 634.70 1.51% 0.46 times
09 Thu May 2024 619.90 616.40 to 633.00 -1.53% 0.34 times
08 Wed May 2024 629.50 622.80 to 638.90 0.08% 0.34 times
07 Tue May 2024 629.00 622.50 to 639.20 -0.62% 0.54 times
06 Mon May 2024 632.90 624.15 to 669.60 -3.77% 1.7 times
03 Fri May 2024 657.70 630.00 to 663.90 2.8% 1.19 times
02 Thu May 2024 639.80 636.50 to 660.00 -1.91% 0.7 times

Technical analysis forecast for Archean Chemical Ind Ltd 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 Archean Chemical Ind Ltd ACI at this time. Stock is falling and might fall more.

It appears as if Archean Chemical Ind Ltd ACI gave a large move recently.

Stock of Archean Chemical Ind Ltd (ACI) 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 Archean Chemical Ind Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 616.5 as stoploss in an intra day buy trade for a target of 640.74. However, stock will show a bearish move below 616.5.

More indepth analysis on MunafaSutra.com