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Stock analysis Alicon Castalloy Limited ALICON

More indepth analysis on MunafaSutra.com

Moving Averages for Alicon Castalloy Limited

  • 5Day Average: 1060.79
  • 12Day Average: 1120.15
  • 20Day Average: 1185.96
  • 50Day Average: 1257.13
  • 100Day Average: 1305.43
  • 150Day Average: 1242.05
  • 200Day Average: 1152.83

ALICON Indicators & signals

Indicator MACD (12,26,9)

1115.34, 1176.48, -49.14
Indicator MACD is in negative zone

Indicator ADX (14)

46.69, 9.4, 25.87
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ALICON Alicon Castalloy Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Mon Dec 2024 1073.90 1028.55 to 1080.00 2.96% 0.96 times
29 Fri Nov 2024 1043.00 1012.00 to 1067.95 0.42% 1.68 times
28 Thu Nov 2024 1038.65 1024.00 to 1105.60 -2.9% 2.12 times
27 Wed Nov 2024 1069.65 1060.05 to 1093.70 -0.84% 1.18 times
26 Tue Nov 2024 1078.75 1063.00 to 1137.80 -3.29% 1.07 times
25 Mon Nov 2024 1115.50 1103.95 to 1167.90 0.08% 0.79 times
22 Fri Nov 2024 1114.60 1105.50 to 1169.95 -2.25% 0.93 times
21 Thu Nov 2024 1140.30 1130.00 to 1186.85 -3.13% 0.73 times
19 Tue Nov 2024 1177.15 1170.00 to 1216.95 -0.35% 0.42 times
18 Mon Nov 2024 1181.25 1170.15 to 1210.00 -2.09% 0.76 times
14 Thu Nov 2024 1206.45 1182.65 to 1223.25 0.32% 0.31 times
13 Wed Nov 2024 1202.60 1196.00 to 1242.35 -1.99% 0.57 times

Technical analysis forecast for Alicon Castalloy 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 Alicon Castalloy Limited ALICON at this time. Stock is falling and might fall more.

It appears as if Alicon Castalloy Limited ALICON gave a large move recently.

Stock of Alicon Castalloy Limited (ALICON) 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 Alicon Castalloy Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1059 as stoploss in an intra day buy trade for a target of 1154.35. However, stock will show a bearish move below 1059.

More indepth analysis on MunafaSutra.com