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Stock analysis Finolex Cables Limited FINCABLES

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Moving Averages for Finolex Cables Limited

  • 5Day Average: 1333.9
  • 12Day Average: 1406.49
  • 20Day Average: 1405.42
  • 50Day Average: 1435.25
  • 100Day Average: 1488.49
  • 150Day Average: 1321.02
  • 200Day Average: 1249.48

FINCABLES Indicators & signals

Indicator MACD (12,26,9)

1374.23, 1404.46, -16.68
Indicator MACD is in negative zone

Indicator ADX (14)

36.32, 13.25, 28.36
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of FINCABLES Finolex Cables Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
09 Wed Oct 2024 1295.05 1285.00 to 1354.90 -2.91% 1.09 times
08 Tue Oct 2024 1333.90 1267.20 to 1351.10 3.04% 1.66 times
07 Mon Oct 2024 1294.55 1279.00 to 1374.40 -5.17% 1.22 times
04 Fri Oct 2024 1365.15 1336.95 to 1386.95 -1.14% 0.65 times
03 Thu Oct 2024 1380.85 1365.00 to 1406.30 -2.77% 0.67 times
01 Tue Oct 2024 1420.20 1410.95 to 1445.00 0.55% 0.65 times
30 Mon Sep 2024 1412.50 1404.10 to 1449.15 -2.14% 0.87 times
27 Fri Sep 2024 1443.35 1440.50 to 1463.70 -1.07% 0.66 times
26 Thu Sep 2024 1458.95 1422.30 to 1465.55 -0.02% 0.72 times
25 Wed Sep 2024 1459.30 1455.00 to 1530.00 -1.89% 0.89 times
24 Tue Sep 2024 1487.45 1483.00 to 1534.85 -2.57% 2.01 times
23 Mon Sep 2024 1526.65 1392.00 to 1559.00 10.05% 12.98 times

Technical analysis forecast for Finolex Cables 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 Finolex Cables Limited FINCABLES at this time. Stock is falling and might fall more.

It appears as if Finolex Cables Limited FINCABLES gave a large move recently.

Stock of Finolex Cables Limited (FINCABLES) 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...

Although my analysis for Finolex Cables Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1271.6, for a target of 1338.5 or 1394.32

More indepth analysis on MunafaSutra.com