Stock analysis Coromandel International Limited COROMANDEL

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Moving Averages for Coromandel International Limited

5Day Average: 1104.59
12Day Average: 1131.39
20Day Average: 1119.51
50Day Average: 1098.38
100Day Average: 1141.46
150Day Average: 1133.96
200Day Average: 1110.53

COROMANDEL Indicators & signals

Indicator MACD (12,26,9)

1115.85, 1113.36, 8.92
Indicator MACD is in positive zone

Indicator ADX (14)

1.79, 18.43, 17.78
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

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

Recent prices of COROMANDEL Coromandel International Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
24 Wed Apr 2024	1087.75	1085.00 to 1110.20	-1.12%	1.6 times
23 Tue Apr 2024	1100.05	1079.10 to 1109.50	0.57%	0.8 times
22 Mon Apr 2024	1093.80	1090.30 to 1134.00	-2.47%	1.66 times
19 Fri Apr 2024	1121.45	1092.55 to 1125.75	0.14%	0.97 times
18 Thu Apr 2024	1119.90	1116.55 to 1152.95	-1.51%	1.65 times
16 Tue Apr 2024	1137.05	1120.00 to 1141.30	0.28%	1.91 times
15 Mon Apr 2024	1133.90	1122.60 to 1152.55	-1.84%	0.6 times
12 Fri Apr 2024	1155.20	1149.30 to 1179.45	-0.73%	0.7 times
10 Wed Apr 2024	1163.70	1146.05 to 1173.75	1.38%	0.63 times
09 Tue Apr 2024	1147.90	1144.20 to 1168.75	-0.58%	0.51 times
08 Mon Apr 2024	1154.55	1141.60 to 1166.90	-0.59%	0.56 times
05 Fri Apr 2024	1161.40	1141.80 to 1163.00	1.43%	1.62 times

Technical analysis forecast for Coromandel International 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 Coromandel International Limited COROMANDEL at this time. Stock is falling and might fall more.

It appears as if Coromandel International Limited COROMANDEL gave a large move recently.

Stock of Coromandel International Limited (COROMANDEL) 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 Coromandel International Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 1082.4 as stoploss in an intra day buy trade for a target of 1115.1. However, stock will show a bearish move below 1082.4.

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