Stock analysis Energy Development Company Limited ENERGYDEV
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Recent prices of ENERGYDEV Energy Development Company Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 24 Wed Apr 2024 | 24.05 | 22.95 to 24.05 | 4.79% | 0.79 times |
| 23 Tue Apr 2024 | 22.95 | 22.25 to 23.60 | -1.92% | 1.6 times |
| 22 Mon Apr 2024 | 23.40 | 23.05 to 24.75 | -0.85% | 0.9 times |
| 19 Fri Apr 2024 | 23.60 | 23.30 to 24.20 | -3.28% | 0.67 times |
| 18 Thu Apr 2024 | 24.40 | 24.05 to 24.90 | 2.74% | 1.37 times |
| 16 Tue Apr 2024 | 23.75 | 21.65 to 23.75 | 4.86% | 0.67 times |
| 15 Mon Apr 2024 | 22.65 | 22.65 to 23.40 | -4.83% | 0.96 times |
| 12 Fri Apr 2024 | 23.80 | 23.75 to 25.20 | -2.66% | 0.65 times |
| 10 Wed Apr 2024 | 24.45 | 24.10 to 26.25 | -2.98% | 2.55 times |
| 09 Tue Apr 2024 | 25.20 | 25.20 to 25.20 | -4.91% | 0.34 times |
| 08 Mon Apr 2024 | 26.50 | 26.50 to 26.50 | -5.02% | 0.27 times |
| 05 Fri Apr 2024 | 27.90 | 27.90 to 30.00 | -4.94% | 2.33 times |
Technical analysis forecast for Energy Development Company 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 Energy Development Company Limited ENERGYDEV at this time. Stock is falling and might fall more.
It appears as if Energy Development Company Limited ENERGYDEV gave a large move recently.
Stock of Energy Development Company Limited (ENERGYDEV) 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 Energy Development Company Limited is bearish for shortterm, and stock might move down till 21.5 or till 18.4. Use a stoploss of 24.08 and if the stock hits stoploss, then it can shoot up till 26.67