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Stock analysis Mangalam Global Ent Ltd MGEL

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Moving Averages for Mangalam Global Ent Ltd

  • 5Day Average: 21.98
  • 12Day Average: 22.14
  • 20Day Average: 22.13
  • 50Day Average: 20.74
  • 100Day Average: 20.75
  • 150Day Average: 19.7
  • 200Day Average: 19.5

MGEL Indicators & signals

Indicator MACD (12,26,9)

21.92, 21.61, 0.45
Indicator MACD is in positive zone

Indicator ADX (14)

13.33, 22.82, 17.45
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 62
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MGEL Mangalam Global Ent Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Mon May 2024 21.05 20.90 to 21.85 -2.77% 0.65 times
24 Fri May 2024 21.65 20.90 to 22.65 -2.91% 1.17 times
23 Thu May 2024 22.30 22.05 to 22.85 -2.19% 0.67 times
22 Wed May 2024 22.80 21.80 to 23.55 3.17% 1.56 times
21 Tue May 2024 22.10 21.75 to 23.10 -2.86% 1.45 times
18 Sat May 2024 22.75 22.15 to 23.10 2.94% 0.62 times
17 Fri May 2024 22.10 21.65 to 22.90 -2.21% 0.53 times
16 Thu May 2024 22.60 22.50 to 23.60 -1.53% 0.57 times
15 Wed May 2024 22.95 21.40 to 24.00 5.76% 1.97 times
14 Tue May 2024 21.70 21.55 to 22.15 -0.91% 0.45 times
13 Mon May 2024 21.90 20.60 to 22.65 0.69% 1.02 times
10 Fri May 2024 21.75 19.90 to 22.20 7.14% 1.48 times

Technical analysis forecast for Mangalam Global Ent 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 Mangalam Global Ent Ltd MGEL at this time. Stock is falling and might fall more.

It appears as if Mangalam Global Ent Ltd MGEL gave a large move recently.

Stock of Mangalam Global Ent Ltd (MGEL) 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 Global Ent Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 21 as stoploss in an intra day buy trade for a target of 21.76. However, stock will show a bearish move below 21.

More indepth analysis on MunafaSutra.com