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Stock analysis Den Networks Limited DEN

More indepth analysis on MunafaSutra.com

Moving Averages for Den Networks Limited

  • 5Day Average: 51.75
  • 12Day Average: 50.06
  • 20Day Average: 50.57
  • 50Day Average: 51.01
  • 100Day Average: 53.58
  • 150Day Average: 54.76
  • 200Day Average: 53.03

DEN Indicators & signals

Indicator MACD (12,26,9)

50.94, 50.7, -0.24
Indicator MACD is in positive zone

Indicator ADX (14)

14.55, 28.9, 21.56
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of DEN Den Networks Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
13 Thu Jun 2024 53.23 52.84 to 54.15 -0.43% 0.74 times
12 Wed Jun 2024 53.46 52.45 to 54.20 2.18% 1.71 times
11 Tue Jun 2024 52.32 50.23 to 53.95 4.33% 2.95 times
10 Mon Jun 2024 50.15 49.99 to 51.06 1.11% 0.68 times
07 Fri Jun 2024 49.60 48.75 to 49.85 1.22% 0.38 times
06 Thu Jun 2024 49.00 48.00 to 49.70 2.73% 0.75 times
05 Wed Jun 2024 47.70 45.70 to 48.00 3.58% 0.6 times
04 Tue Jun 2024 46.05 43.30 to 50.80 -8.63% 1.32 times
03 Mon Jun 2024 50.40 50.20 to 51.35 2.44% 0.52 times
31 Fri May 2024 49.20 48.90 to 50.05 -0.1% 0.51 times
30 Thu May 2024 49.25 49.05 to 50.60 -2.09% 0.57 times
29 Wed May 2024 50.30 49.75 to 52.55 0.2% 1.44 times

Technical analysis forecast of Den Networks Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Den Networks Limited DEN at this time. Stock is rising and might rise more.

It appears as if Den Networks Limited DEN gave a large move recently.

Stock of Den Networks Limited (DEN) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Den Networks Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Den Networks Limited stays above 52.5, but if it comes below 52.5, then a intra day sell could be more profitable.
If you take a sell trade below 52.5, then use 52.5 as stoploss and 50.7 as target. However if you take a buy trade in Den Networks Limited, then use 52.5 as stoploss and 54.7 as target.

More indepth analysis on MunafaSutra.com