Stock analysis Delta Corp Limited DELTACORP

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Moving Averages for Delta Corp Limited

5Day Average: 116.19
12Day Average: 117.38
20Day Average: 116.51
50Day Average: 122.99
100Day Average: 128.23
150Day Average: 126.59
200Day Average: 127.77

DELTACORP Indicators & signals

Indicator MACD (12,26,9)

116.8, 118.61, -1.89
Indicator MACD is in negative zone

Indicator ADX (14)

40.12, 12.53, 29.32
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 43
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of DELTACORP Delta Corp Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
19 Tue Nov 2024	114.30	114.21 to 116.19	0.3%	0.48 times
18 Mon Nov 2024	113.96	113.21 to 115.85	-0.9%	0.43 times
14 Thu Nov 2024	114.99	114.51 to 117.79	-1.14%	0.45 times
13 Wed Nov 2024	116.32	116.00 to 121.89	-4.18%	0.87 times
12 Tue Nov 2024	121.40	120.01 to 124.80	1.03%	1.26 times
11 Mon Nov 2024	120.16	117.55 to 123.20	0.17%	0.83 times
08 Fri Nov 2024	119.96	116.51 to 122.32	1.23%	1.32 times
07 Thu Nov 2024	118.50	112.28 to 119.97	-0.65%	2.83 times
06 Wed Nov 2024	119.28	118.00 to 119.65	1.51%	0.64 times
05 Tue Nov 2024	117.51	113.62 to 118.80	2.59%	0.9 times
04 Mon Nov 2024	114.54	113.80 to 117.90	-2.6%	0.47 times
01 Fri Nov 2024	117.60	116.75 to 117.95	1.21%	0.16 times

Technical analysis forecast for Delta Corp 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 Delta Corp Limited DELTACORP at this time. Stock is falling and might fall more.

It appears as if Delta Corp Limited DELTACORP gave a large move recently.

Stock of Delta Corp Limited (DELTACORP) 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.

My analysis of Delta Corp Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Delta Corp Limited stays below 115.4, but if it comes above 115.4, then a intra day buy could be more profitable.
If you take a sell trade below 115.4, then use 115.4 as stoploss and 112.6 as target. However if you take a buy trade in Delta Corp Limited, then use 115.4 as stoploss and 117.78 as target.

More indepth analysis on MunafaSutra.com