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Stock analysis Energy Development Company Limited ENERGYDEV

More indepth analysis on MunafaSutra.com

Moving Averages for Energy Development Company Limited

  • 5Day Average: 34.29
  • 12Day Average: 30.93
  • 20Day Average: 29.29
  • 50Day Average: 26.13
  • 100Day Average: 25.17
  • 150Day Average: 24.79
  • 200Day Average: 23.41

ENERGYDEV Indicators & signals

Indicator MACD (12,26,9)

31.58, 29.21, 1.78
Indicator MACD is in positive zone

Indicator ADX (14)

45.63, 46.58, 17.39
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
16 Mon Dec 2024 32.84 32.84 to 32.84 -5% 0.31 times
13 Fri Dec 2024 34.57 34.57 to 37.90 -5% 2.85 times
12 Thu Dec 2024 36.39 35.60 to 36.39 4.99% 0.99 times
11 Wed Dec 2024 34.66 34.66 to 34.66 5% 0.4 times
10 Tue Dec 2024 33.01 31.72 to 33.01 4.99% 1.82 times
09 Mon Dec 2024 31.44 30.54 to 31.44 4.97% 0.51 times
06 Fri Dec 2024 29.95 28.70 to 29.95 4.98% 1.99 times
05 Thu Dec 2024 28.53 27.42 to 28.53 4.97% 0.48 times
04 Wed Dec 2024 27.18 27.01 to 28.49 -1.63% 0.24 times
03 Tue Dec 2024 27.63 27.00 to 28.00 1.39% 0.43 times
02 Mon Dec 2024 27.25 26.80 to 28.40 -1.59% 0.29 times
29 Fri Nov 2024 27.69 27.35 to 28.50 1.58% 0.48 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 33.2 as stoploss in an intra day sell trade for a target of 30.02. However, stock will show a bullish move above 33.2.

More indepth analysis on MunafaSutra.com