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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: 589.01
  • 12Day Average: 588.13
  • 20Day Average: 589.36
  • 50Day Average: 585.05
  • 100Day Average: 582.01
  • 150Day Average: 610.53
  • 200Day Average: 612.24

LOYALTEX Indicators & signals

Indicator MACD (12,26,9)

587.34, 585.85, 2.9
Indicator MACD is in positive zone

Indicator ADX (14)

15.18, 17.42, 23.66
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
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
12 Fri Jul 2024 560.00 549.80 to 597.40 -5.83% 5.13 times
11 Thu Jul 2024 594.70 589.95 to 596.95 0% 0.04 times
10 Wed Jul 2024 594.70 582.55 to 609.00 -0.78% 0.64 times
09 Tue Jul 2024 599.35 596.20 to 609.00 0.51% 0.18 times
08 Mon Jul 2024 596.30 592.50 to 610.00 -1.17% 0.12 times
05 Fri Jul 2024 603.35 595.85 to 615.00 0.21% 0.65 times
04 Thu Jul 2024 602.10 586.50 to 618.00 2.06% 3.24 times
03 Wed Jul 2024 589.95 572.55 to 615.00 1.85% 1.97 times
02 Tue Jul 2024 579.25 576.00 to 587.80 -0.69% 0.63 times
01 Mon Jul 2024 583.30 575.20 to 609.95 0.45% 1.32 times
28 Fri Jun 2024 580.70 565.00 to 592.00 1.2% 1.21 times
27 Thu Jun 2024 573.80 570.00 to 604.40 -3.2% 1.25 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.

Although my analysis for Loyal Textile Mills Ltd 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 561.6, for a target of 575.2 or 586.55

More indepth analysis on MunafaSutra.com