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Stock analysis Hitech Corporation Limited HITECHCORP

More indepth analysis on MunafaSutra.com

Moving Averages for Hitech Corporation Limited

  • 5Day Average: 246.28
  • 12Day Average: 240.24
  • 20Day Average: 235.13
  • 50Day Average: 223.37
  • 100Day Average: 219.94
  • 150Day Average: 230.66
  • 200Day Average: 239.11

HITECHCORP Indicators & signals

Indicator MACD (12,26,9)

239.35, 233, 6.05
Indicator MACD is in positive zone

Indicator ADX (14)

20.42, 23.52, 15.54
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of HITECHCORP Hitech Corporation Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Jul 2024 234.61 233.65 to 244.88 -4.2% 0.33 times
18 Thu Jul 2024 244.89 241.00 to 252.00 -1.63% 0.47 times
16 Tue Jul 2024 248.96 248.00 to 254.90 0.13% 0.99 times
15 Mon Jul 2024 248.64 241.96 to 260.06 -2.22% 1.89 times
12 Fri Jul 2024 254.29 237.00 to 255.50 7.23% 4.27 times
11 Thu Jul 2024 237.14 230.51 to 243.86 0.74% 0.49 times
10 Wed Jul 2024 235.40 228.30 to 243.00 -1.63% 0.23 times
09 Tue Jul 2024 239.30 227.41 to 246.00 4.83% 0.64 times
08 Mon Jul 2024 228.27 227.30 to 236.38 -3.74% 0.11 times
05 Fri Jul 2024 237.13 232.00 to 240.20 -0.53% 0.37 times
04 Thu Jul 2024 238.39 232.93 to 238.90 1.06% 0.54 times
03 Wed Jul 2024 235.89 230.11 to 239.50 1.05% 0.81 times

Technical analysis forecast for Hitech Corporation 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 Hitech Corporation Limited HITECHCORP at this time. Stock is falling and might fall more.

It appears as if Hitech Corporation Limited HITECHCORP gave a large move recently.

Stock of Hitech Corporation Limited (HITECHCORP) 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 Hitech Corporation Limited is bearish for shortterm, and stock might move down till 226.5 or till 215.8. Use a stoploss of 235.36 and if the stock hits stoploss, then it can shoot up till 244.24

More indepth analysis on MunafaSutra.com