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Stock analysis Magnum Ventures Limited MAGNUM

More indepth analysis on MunafaSutra.com

Moving Averages for Magnum Ventures Limited

  • 5Day Average: 56.65
  • 12Day Average: 54.65
  • 20Day Average: 52.3
  • 50Day Average: 55.28
  • 100Day Average: 56.8
  • 150Day Average: 49.84
  • 200Day Average: 45.23

MAGNUM Indicators & signals

Indicator MACD (12,26,9)

55.03, 53.94, 0.02
Indicator MACD is in positive zone

Indicator ADX (14)

25.49, 31.68, 18.81
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MAGNUM Magnum Ventures Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
25 Thu Apr 2024 59.00 56.40 to 59.85 3.42% 1.82 times
24 Wed Apr 2024 57.05 56.65 to 59.90 -2.06% 1.35 times
23 Tue Apr 2024 58.25 55.50 to 58.30 4.86% 2.28 times
22 Mon Apr 2024 55.55 53.30 to 56.00 4.03% 1.2 times
19 Fri Apr 2024 53.40 51.90 to 54.00 -1.84% 0.36 times
18 Thu Apr 2024 54.40 53.40 to 55.40 1.3% 0.38 times
16 Tue Apr 2024 53.70 50.60 to 54.45 2.19% 0.62 times
15 Mon Apr 2024 52.55 50.90 to 53.40 -1.87% 1.17 times
12 Fri Apr 2024 53.55 52.45 to 53.95 1.23% 0.43 times
10 Wed Apr 2024 52.90 52.25 to 53.45 1.73% 0.54 times
09 Tue Apr 2024 52.00 51.30 to 55.15 -2.71% 1.67 times
08 Mon Apr 2024 53.45 53.45 to 57.95 -4.98% 1.15 times

Technical analysis forecast of Magnum Ventures Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Magnum Ventures Limited MAGNUM at this time. Stock is rising and might rise more.

It appears as if Magnum Ventures Limited MAGNUM gave a large move recently.

Stock of Magnum Ventures Limited (MAGNUM) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Magnum Ventures Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Magnum Ventures Limited stays above 58.3, but if it comes below 58.3, then a intra day sell could be more profitable.
If you take a sell trade below 58.3, then use 58.3 as stoploss and 54.05 as target. However if you take a buy trade in Magnum Ventures Limited, then use 58.3 as stoploss and 63.5 as target.

More indepth analysis on MunafaSutra.com