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Stock analysis Fusion Micro Finance Ltd FUSION

More indepth analysis on MunafaSutra.com

Moving Averages for Fusion Micro Finance Ltd

  • 5Day Average: 483.48
  • 12Day Average: 484.63
  • 20Day Average: 476.74
  • 50Day Average: 515.92
  • 100Day Average: 556.04
  • 150Day Average: 569.99
  • 200Day Average: 579.57

FUSION Indicators & signals

Indicator MACD (12,26,9)

482.94, 490.84, -11.15
Indicator MACD is in negative zone

Indicator ADX (14)

3.89, 20.88, 22.57
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of FUSION Fusion Micro Finance Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
16 Tue Apr 2024 475.00 471.20 to 481.00 -0.12% 0.24 times
15 Mon Apr 2024 475.55 468.00 to 493.00 -1.87% 0.53 times
12 Fri Apr 2024 484.60 482.50 to 494.90 -0.65% 0.55 times
10 Wed Apr 2024 487.75 484.50 to 496.90 -1.37% 0.3 times
09 Tue Apr 2024 494.50 488.25 to 500.00 -1.06% 0.36 times
08 Mon Apr 2024 499.80 496.95 to 508.00 1.07% 0.43 times
05 Fri Apr 2024 494.50 492.60 to 501.05 -0.81% 0.7 times
04 Thu Apr 2024 498.55 484.35 to 509.00 3.33% 2.56 times
03 Wed Apr 2024 482.50 473.40 to 485.00 1.07% 2.52 times
02 Tue Apr 2024 477.40 475.00 to 489.20 -1% 0.64 times
01 Mon Apr 2024 482.20 473.95 to 511.00 4.09% 1.4 times
28 Thu Mar 2024 463.25 461.00 to 473.90 -0.64% 0.55 times

Technical analysis forecast for Fusion Micro Finance Ltd 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 Fusion Micro Finance Ltd FUSION at this time. Stock is falling and might fall more.

It appears as if Fusion Micro Finance Ltd FUSION gave a large move recently.

Stock of Fusion Micro Finance Ltd (FUSION) 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 Fusion Micro Finance Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 473.1 as stoploss in an intra day buy trade for a target of 486.17. However, stock will show a bearish move below 473.1.

More indepth analysis on MunafaSutra.com