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Stock analysis Hitech Corporation Limited HITECHCORP

More indepth analysis on MunafaSutra.com

Moving Averages for Hitech Corporation Limited

  • 5Day Average: 239.2
  • 12Day Average: 237.8
  • 20Day Average: 253.18
  • 50Day Average: 273.6
  • 100Day Average: 253.4
  • 150Day Average: 242.66
  • 200Day Average: 236.46

HITECHCORP Indicators & signals

Indicator MACD (12,26,9)

243.53, 254.02, -10.57
Indicator MACD is in negative zone

Indicator ADX (14)

0.38, 21.41, 21.25
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 52
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
02 Mon Dec 2024 246.48 238.25 to 249.80 2.44% 0.91 times
29 Fri Nov 2024 240.60 233.40 to 243.80 2.51% 0.69 times
28 Thu Nov 2024 234.70 232.85 to 244.50 -1.1% 1.32 times
27 Wed Nov 2024 237.30 235.00 to 242.25 0.17% 0.84 times
26 Tue Nov 2024 236.90 235.00 to 244.00 -0.04% 1.07 times
25 Mon Nov 2024 237.00 234.35 to 239.75 1.37% 1.08 times
22 Fri Nov 2024 233.80 227.75 to 234.00 1.54% 0.42 times
21 Thu Nov 2024 230.25 227.30 to 239.00 -2.68% 0.5 times
19 Tue Nov 2024 236.60 230.40 to 248.65 0.72% 0.98 times
18 Mon Nov 2024 234.90 227.80 to 239.80 -0.02% 1.21 times
14 Thu Nov 2024 234.95 233.05 to 249.50 -6.08% 1.89 times
13 Wed Nov 2024 250.15 245.80 to 259.90 -1.65% 0.83 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, 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...

My analysis of Hitech Corporation Limited is bearish for shortterm, and stock might move down till 229.5 or till 204.6. Use a stoploss of 250.26 and if the stock hits stoploss, then it can shoot up till 271.02

More indepth analysis on MunafaSutra.com