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Stock analysis Mangalam Drugs And Organics Limited MANGALAM

More indepth analysis on MunafaSutra.com

Moving Averages for Mangalam Drugs And Organics Limited

  • 5Day Average: 100.84
  • 12Day Average: 101.09
  • 20Day Average: 99.96
  • 50Day Average: 107.59
  • 100Day Average: 104.96
  • 150Day Average: 103.6
  • 200Day Average: 104.37

MANGALAM Indicators & signals

Indicator MACD (12,26,9)

100.8, 101.96, -1.7
Indicator MACD is in negative zone

Indicator ADX (14)

7.69, 17.78, 20.74
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 44
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MANGALAM Mangalam Drugs And Organics Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
25 Thu Apr 2024 100.75 100.50 to 102.90 -0.98% 0.86 times
24 Wed Apr 2024 101.75 101.40 to 103.40 0.1% 0.82 times
23 Tue Apr 2024 101.65 100.65 to 103.50 1.55% 1.41 times
22 Mon Apr 2024 100.10 99.60 to 102.00 0.15% 1.15 times
19 Fri Apr 2024 99.95 98.45 to 100.60 0.81% 0.65 times
18 Thu Apr 2024 99.15 98.55 to 102.35 -0.8% 1.11 times
16 Tue Apr 2024 99.95 98.65 to 102.00 1.37% 0.45 times
15 Mon Apr 2024 98.60 97.00 to 102.00 -3.99% 1.32 times
12 Fri Apr 2024 102.70 101.45 to 104.85 1.28% 1.29 times
10 Wed Apr 2024 101.40 101.05 to 103.70 -1.31% 0.78 times
09 Tue Apr 2024 102.75 101.45 to 105.95 -1.53% 1.02 times
08 Mon Apr 2024 104.35 103.00 to 107.40 0.05% 1.68 times

Technical analysis forecast for Mangalam Drugs And Organics 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 Mangalam Drugs And Organics Limited MANGALAM at this time. Stock is falling and might fall more.

It appears as if Mangalam Drugs And Organics Limited MANGALAM gave a large move recently.

Stock of Mangalam Drugs And Organics Limited (MANGALAM) 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 Mangalam Drugs And Organics Limited is bearish for shortterm, and stock might move down till 98.3 or till 94.6. Use a stoploss of 101.32 and if the stock hits stoploss, then it can shoot up till 104.38

More indepth analysis on MunafaSutra.com