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Stock analysis Manaksia Coated Metals & Industries Limited MANAKCOAT

More indepth analysis on MunafaSutra.com

Moving Averages for Manaksia Coated Metals & Industries Limited

  • 5Day Average: 29.57
  • 12Day Average: 30.45
  • 20Day Average: 33.54
  • 50Day Average: 31.92
  • 100Day Average: 24.72
  • 150Day Average: 21.92
  • 200Day Average: 20.76

MANAKCOAT Indicators & signals

Indicator MACD (12,26,9)

31.05, 32.29, -0.55
Indicator MACD is in negative zone

Indicator ADX (14)

18.97, 18.88, 27.71
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 52
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MANAKCOAT Manaksia Coated Metals & Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 30.20 28.65 to 30.55 3.78% 0.81 times
27 Wed Mar 2024 29.10 28.50 to 29.80 0.17% 0.43 times
26 Tue Mar 2024 29.05 28.60 to 30.10 0% 0.52 times
22 Fri Mar 2024 29.05 28.95 to 30.70 -4.6% 0.82 times
21 Thu Mar 2024 30.45 30.20 to 31.30 0% 0.64 times
20 Wed Mar 2024 30.45 29.00 to 31.40 1.67% 1.76 times
19 Tue Mar 2024 29.95 29.95 to 31.00 -4.92% 1.1 times
18 Mon Mar 2024 31.50 31.50 to 34.45 -4.98% 1.45 times
15 Fri Mar 2024 33.15 31.90 to 33.15 4.91% 0.81 times
14 Thu Mar 2024 31.60 28.65 to 31.65 4.81% 1.08 times
13 Wed Mar 2024 30.15 29.70 to 32.20 -1.79% 1.39 times
12 Tue Mar 2024 30.70 30.00 to 33.00 -7.81% 2.2 times

Technical analysis forecast for Manaksia Coated Metals & Industries 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 Manaksia Coated Metals & Industries Limited MANAKCOAT at this time. Stock is falling and might fall more.

It appears as if Manaksia Coated Metals & Industries Limited MANAKCOAT gave a large move recently.

Stock of Manaksia Coated Metals & Industries Limited (MANAKCOAT) 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 Manaksia Coated Metals & Industries Limited is bearish for shortterm, and stock might move down till 27.9 or till 22.8. Use a stoploss of 32.08 and if the stock hits stoploss, then it can shoot up till 36.28

More indepth analysis on MunafaSutra.com