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Stock analysis MMTC Limited MMTC

More indepth analysis on MunafaSutra.com

Moving Averages for MMTC Limited

  • 5Day Average: 82.26
  • 12Day Average: 83.48
  • 20Day Average: 86.26
  • 50Day Average: 93.7
  • 100Day Average: 91.12
  • 150Day Average: 84.81
  • 200Day Average: 82.82

MMTC Indicators & signals

Indicator MACD (12,26,9)

83.85, 87.25, -3.19
Indicator MACD is in negative zone

Indicator ADX (14)

50.41, 8.98, 27.25
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
21 Mon Oct 2024 79.25 78.84 to 82.89 -3.71% 0.93 times
18 Fri Oct 2024 82.30 80.10 to 85.30 0.72% 1.78 times
17 Thu Oct 2024 81.71 81.40 to 84.79 -3.24% 0.55 times
16 Wed Oct 2024 84.45 83.22 to 85.40 1.03% 0.71 times
15 Tue Oct 2024 83.59 83.20 to 85.13 -0.17% 0.54 times
14 Mon Oct 2024 83.73 83.25 to 86.50 -1.56% 0.62 times
11 Fri Oct 2024 85.06 84.25 to 85.92 0.46% 0.5 times
10 Thu Oct 2024 84.67 84.21 to 86.39 -0.39% 0.61 times
09 Wed Oct 2024 85.00 84.46 to 86.83 -0.18% 1.29 times
08 Tue Oct 2024 85.15 80.05 to 85.54 4.98% 1.81 times
07 Mon Oct 2024 81.11 80.72 to 87.24 -5.42% 1.59 times
04 Fri Oct 2024 85.76 83.95 to 87.59 -1.07% 1.15 times

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

It appears as if MMTC Limited MMTC gave a large move recently.

Stock of MMTC Limited (MMTC) 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 MMTC Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if MMTC Limited stays below 82, but if it comes above 82, then a intra day buy could be more profitable.
If you take a sell trade below 82, then use 82 as stoploss and 77.3 as target. However if you take a buy trade in MMTC Limited, then use 82 as stoploss and 85.92 as target.

More indepth analysis on MunafaSutra.com