Homepage Active Options Active Stocks

Stock analysis Energy Development Company Limited ENERGYDEV

More indepth analysis on MunafaSutra.com

Moving Averages for Energy Development Company Limited

  • 5Day Average: 25.65
  • 12Day Average: 24.35
  • 20Day Average: 23.73
  • 50Day Average: 23.16
  • 100Day Average: 22.99
  • 150Day Average: 21.71
  • 200Day Average: 20.53

ENERGYDEV Indicators & signals

Indicator MACD (12,26,9)

24.6, 23.87, 0.45
Indicator MACD is in positive zone

Indicator ADX (14)

38.18, 33.33, 14.91
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

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
12 Fri Jul 2024 24.91 24.84 to 26.70 -4.74% 1.26 times
11 Thu Jul 2024 26.15 26.01 to 27.89 -2.02% 1.38 times
10 Wed Jul 2024 26.69 25.03 to 27.16 3.17% 3.4 times
09 Tue Jul 2024 25.87 25.14 to 25.87 4.99% 1.08 times
08 Mon Jul 2024 24.64 23.94 to 24.64 4.99% 1.14 times
05 Fri Jul 2024 23.47 23.11 to 24.00 1.34% 0.63 times
04 Thu Jul 2024 23.16 23.05 to 23.59 -1.19% 0.33 times
03 Wed Jul 2024 23.44 23.11 to 24.23 -1.35% 0.35 times
02 Tue Jul 2024 23.76 23.45 to 24.27 0.55% 0.27 times
01 Mon Jul 2024 23.63 23.54 to 24.49 -0.13% 0.51 times
28 Fri Jun 2024 23.66 22.93 to 23.89 3.5% 0.92 times
27 Thu Jun 2024 22.86 22.57 to 23.19 0.84% 0.25 times

Technical analysis forecast of Energy Development Company 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 Energy Development Company Limited ENERGYDEV at this time. Stock is rising and might rise more.

It appears as if Energy Development Company Limited ENERGYDEV gave a large move recently.

Stock of Energy Development Company Limited (ENERGYDEV) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Energy Development Company Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 25.3 as stoploss in an intra day sell trade for a target of 24.09. However, stock will show a bullish move above 25.3.

More indepth analysis on MunafaSutra.com