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Stock analysis Loyal Textile Mills Ltd LOYALTEX

More indepth analysis on MunafaSutra.com

Moving Averages for Loyal Textile Mills Ltd

  • 5Day Average: 569.83
  • 12Day Average: 566.64
  • 20Day Average: 569.39
  • 50Day Average: 579.97
  • 100Day Average: 623.49
  • 150Day Average: 621.58
  • 200Day Average: 631.42

LOYALTEX Indicators & signals

Indicator MACD (12,26,9)

567.49, 570.56, -4.39
Indicator MACD is in negative zone

Indicator ADX (14)

9.25, 17.85, 21.48
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 LOYALTEX Loyal Textile Mills Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 565.50 561.00 to 579.00 -0.09% 0.45 times
29 Mon Apr 2024 566.00 560.00 to 579.85 -0.74% 0.71 times
26 Fri Apr 2024 570.20 560.10 to 577.45 -0.18% 0.38 times
25 Thu Apr 2024 571.25 568.90 to 583.35 -0.86% 0.49 times
24 Wed Apr 2024 576.20 553.05 to 579.00 2.76% 0.81 times
23 Tue Apr 2024 560.75 547.75 to 566.90 1.04% 0.62 times
22 Mon Apr 2024 555.00 548.35 to 574.95 -0.8% 4.98 times
19 Fri Apr 2024 559.45 553.65 to 588.00 -3.72% 0.15 times
18 Thu Apr 2024 581.05 575.70 to 585.10 1.41% 0.75 times
16 Tue Apr 2024 572.95 558.25 to 580.30 0.4% 0.34 times
15 Mon Apr 2024 570.65 545.20 to 585.00 3.62% 0.78 times
12 Fri Apr 2024 550.70 540.10 to 576.75 -1.82% 1.26 times

Technical analysis forecast for Loyal Textile Mills 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 Loyal Textile Mills Ltd LOYALTEX at this time. Stock is falling and might fall more.

It appears as if Loyal Textile Mills Ltd LOYALTEX gave a large move recently.

Stock of Loyal Textile Mills Ltd (LOYALTEX) 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 Loyal Textile Mills Ltd is bearish for shortterm, and stock might move down till 552.1 or till 532.5. Use a stoploss of 568.49 and if the stock hits stoploss, then it can shoot up till 584.85

More indepth analysis on MunafaSutra.com