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Stock analysis Medico Remedies Limited MEDICO

More indepth analysis on MunafaSutra.com

Moving Averages for Medico Remedies Limited

  • 5Day Average: 70.77
  • 12Day Average: 70.6
  • 20Day Average: 71.84
  • 50Day Average: 76.5
  • 100Day Average: 78.58
  • 150Day Average: 100.33
  • 200Day Average: 98.45

MEDICO Indicators & signals

Indicator MACD (12,26,9)

71.21, 73.01, -1.94
Indicator MACD is in negative zone

Indicator ADX (14)

16.46, 12.27, 17.1
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 MEDICO Medico Remedies Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Wed Oct 2023 70.55 68.65 to 71.00 0.43% 0.97 times
03 Tue Oct 2023 70.25 69.05 to 71.05 0% 0.3 times
29 Fri Sep 2023 70.25 69.90 to 73.25 -1.95% 0.47 times
28 Thu Sep 2023 71.65 70.25 to 72.30 0.7% 0.5 times
27 Wed Sep 2023 71.15 70.10 to 73.00 -0.77% 1.34 times
26 Tue Sep 2023 71.70 69.85 to 72.10 2.28% 0.75 times
25 Mon Sep 2023 70.10 69.65 to 71.40 -0.21% 1.29 times
22 Fri Sep 2023 70.25 69.00 to 71.75 -0.64% 0.9 times
21 Thu Sep 2023 70.70 69.30 to 71.15 -0.14% 0.99 times
20 Wed Sep 2023 70.80 69.75 to 71.70 1% 2.38 times
18 Mon Sep 2023 70.10 69.10 to 72.00 0.5% 1.08 times
15 Fri Sep 2023 69.75 68.50 to 71.00 -0.07% 0.38 times

Technical analysis forecast for Medico Remedies 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 Medico Remedies Limited MEDICO at this time. Stock is falling and might fall more.

It appears as if Medico Remedies Limited MEDICO gave a large move recently.

Stock of Medico Remedies Limited (MEDICO) 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 Medico Remedies Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 70.2 as stoploss in an intra day buy trade for a target of 72.28. However, stock will show a bearish move below 70.2.

More indepth analysis on MunafaSutra.com