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Stock analysis Digidrive Distributors L DIGIDRIVE

More indepth analysis on MunafaSutra.com

Moving Averages for Digidrive Distributors L

  • 5Day Average: 38.35
  • 12Day Average: 39.67
  • 20Day Average: 41.07

DIGIDRIVE Indicators & signals

Indicator MACD (12,26,9)

39.6, 42.13, -2.63
Indicator MACD is in negative zone

Indicator ADX (14)

26.21, 15.38, 26.32
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 35
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of DIGIDRIVE Digidrive Distributors L are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Tue Nov 2024 38.64 38.11 to 40.19 0.94% 3.69 times
25 Mon Nov 2024 38.28 37.50 to 39.40 0.58% 0.5 times
22 Fri Nov 2024 38.06 37.15 to 38.90 0.82% 0.58 times
21 Thu Nov 2024 37.75 37.44 to 39.80 -3.3% 0.97 times
19 Tue Nov 2024 39.04 38.02 to 40.36 1.43% 1.12 times
18 Mon Nov 2024 38.49 36.70 to 38.99 1.32% 1.56 times
14 Thu Nov 2024 37.99 37.37 to 40.64 -2.51% 1.61 times
13 Wed Nov 2024 38.97 38.94 to 41.67 -4.93% 1.79 times
12 Tue Nov 2024 40.99 40.60 to 42.62 -2.96% 0.74 times
11 Mon Nov 2024 42.24 41.74 to 43.45 -0.91% 0.55 times
08 Fri Nov 2024 42.63 42.15 to 43.76 -0.88% 0.57 times
07 Thu Nov 2024 43.01 42.55 to 43.99 -0.74% 0.31 times

Technical analysis forecast for Digidrive Distributors L 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 Digidrive Distributors L DIGIDRIVE at this time. Stock is falling and might fall more.

It appears as if Digidrive Distributors L DIGIDRIVE gave a large move recently.

Stock of Digidrive Distributors L (DIGIDRIVE) 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 Digidrive Distributors L is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Digidrive Distributors L stays below 38.7, but if it comes above 38.7, then a intra day buy could be more profitable.
If you take a sell trade below 38.7, then use 38.7 as stoploss and 35.9 as target. However if you take a buy trade in Digidrive Distributors L, then use 38.7 as stoploss and 41.02 as target.

More indepth analysis on MunafaSutra.com