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Stock analysis Morepen Laboratories Limited MOREPENLAB

More indepth analysis on MunafaSutra.com

Moving Averages for Morepen Laboratories Limited

  • 5Day Average: 55.5
  • 12Day Average: 52.24
  • 20Day Average: 51.19
  • 50Day Average: 50.75
  • 100Day Average: 62.9
  • 150Day Average: 69.31
  • 200Day Average: 69.47

MOREPENLAB Indicators & signals

Indicator MACD (12,26,9)

53.54, 51.94, 0.37
Indicator MACD is in positive zone

Indicator ADX (14)

34.74, 40.13, 19.44
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
24 Thu Apr 2025 62.22 54.08 to 64.20 14.12% 9.53 times
23 Wed Apr 2025 54.52 52.92 to 55.59 0.07% 1.28 times
22 Tue Apr 2025 54.48 53.36 to 55.45 1.06% 1.28 times
21 Mon Apr 2025 53.91 52.37 to 54.36 2.96% 1.14 times
17 Thu Apr 2025 52.36 51.98 to 53.11 0.17% 0.72 times
16 Wed Apr 2025 52.27 51.80 to 53.25 -0.23% 0.81 times
15 Tue Apr 2025 52.39 50.52 to 52.50 4.36% 0.99 times
11 Fri Apr 2025 50.20 49.45 to 50.70 3.91% 1.01 times
09 Wed Apr 2025 48.31 47.38 to 48.94 -1.87% 0.6 times
08 Tue Apr 2025 49.23 48.53 to 50.10 3.06% 0.7 times
07 Mon Apr 2025 47.77 42.00 to 49.00 -3.01% 1.45 times
04 Fri Apr 2025 49.25 48.60 to 53.30 -6.62% 1.95 times

Technical analysis forecast of Morepen Laboratories Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Morepen Laboratories Limited MOREPENLAB at this time. Stock is rising and might rise more.

It appears as if Morepen Laboratories Limited MOREPENLAB gave a large move recently.

Stock of Morepen Laboratories Limited (MOREPENLAB) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Morepen Laboratories Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 59.6, for a target of 55.6 or 52.23

More indepth analysis on MunafaSutra.com