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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: 363.59
  • 12Day Average: 463.73
  • 20Day Average: 482.63
  • 50Day Average: 517.25
  • 100Day Average: 554.54
  • 150Day Average: 563.76
  • 200Day Average: 570.76

LOYALTEX Indicators & signals

Indicator MACD (12,26,9)

432.2, 476.85, -23.04
Indicator MACD is in negative zone

Indicator ADX (14)

62.93, 9.63, 42.33
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 34
Indicator RSI is indicating selling pressure and stock might fall.

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
21 Thu Nov 2024 321.70 318.10 to 365.00 -8.59% 1.41 times
19 Tue Nov 2024 351.95 350.00 to 377.15 -2.68% 0.83 times
18 Mon Nov 2024 361.65 342.05 to 391.90 1.23% 1.24 times
14 Thu Nov 2024 357.25 351.00 to 399.70 -16.02% 4.2 times
13 Wed Nov 2024 425.40 425.40 to 521.20 -20% 3.32 times
12 Tue Nov 2024 531.75 526.20 to 546.00 -2.2% 0.01 times
11 Mon Nov 2024 543.70 522.10 to 548.00 -0.17% 0.05 times
08 Fri Nov 2024 544.65 534.75 to 548.80 0.81% 0.04 times
07 Thu Nov 2024 540.30 528.10 to 550.00 0.93% 0.16 times
06 Wed Nov 2024 535.30 526.65 to 540.00 1.84% 0.06 times
05 Tue Nov 2024 525.65 519.05 to 538.10 0.04% 0.1 times
04 Mon Nov 2024 525.45 508.45 to 539.95 3.34% 0.2 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, 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...

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 305.1, for a target of 391.2 or 462.98

More indepth analysis on MunafaSutra.com