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Stock analysis Energy Development Company Limited ENERGYDEV

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Moving Averages for Energy Development Company Limited

  • 5Day Average: 26.34
  • 12Day Average: 25.35
  • 20Day Average: 24.18
  • 50Day Average: 25.04
  • 100Day Average: 24.1
  • 150Day Average: 23.63
  • 200Day Average: 22.5

ENERGYDEV Indicators & signals

Indicator MACD (12,26,9)

25.57, 24.93, 0.2
Indicator MACD is in positive zone

Indicator ADX (14)

18.99, 32.87, 22.38
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
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
21 Thu Nov 2024 26.77 26.77 to 27.99 -5% 3.14 times
19 Tue Nov 2024 28.18 28.18 to 28.18 4.99% 0.65 times
18 Mon Nov 2024 26.84 25.41 to 26.84 4.97% 2.39 times
14 Thu Nov 2024 25.57 24.15 to 25.57 4.97% 1.02 times
13 Wed Nov 2024 24.36 24.12 to 25.25 -1.26% 0.64 times
12 Tue Nov 2024 24.67 24.25 to 26.37 -1.79% 2.83 times
11 Mon Nov 2024 25.12 25.12 to 25.12 4.97% 0.33 times
08 Fri Nov 2024 23.93 23.61 to 25.31 -3.27% 0.39 times
07 Thu Nov 2024 24.74 24.15 to 25.79 -1.47% 0.58 times
06 Wed Nov 2024 25.11 24.75 to 25.83 2.07% 0.5 times
05 Tue Nov 2024 24.60 24.01 to 25.01 1.07% 0.67 times
04 Mon Nov 2024 24.34 24.16 to 25.48 -4.32% 1 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 27.1 as stoploss in an intra day sell trade for a target of 25.07. However, stock will show a bullish move above 27.1.

More indepth analysis on MunafaSutra.com