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Stock analysis MRO-TEK Limited MRO-TEK

More indepth analysis on MunafaSutra.com

Moving Averages for MRO-TEK Limited

  • 5Day Average: 56.9
  • 12Day Average: 57.87
  • 20Day Average: 58.07
  • 50Day Average: 60.95
  • 100Day Average: 61.93
  • 150Day Average: 62.99
  • 200Day Average: 62.64

MRO-TEK Indicators & signals

Indicator MACD (12,26,9)

57.7, 58.8, -1.11
Indicator MACD is in negative zone

Indicator ADX (14)

8, 16.43, 19.29
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 66
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
21 Tue Mar 2023 57.05 56.50 to 58.00 -0.35% 0.32 times
20 Mon Mar 2023 57.25 57.00 to 57.80 0.62% 0.18 times
17 Fri Mar 2023 56.90 56.15 to 57.00 1.16% 0.27 times
16 Thu Mar 2023 56.25 55.25 to 57.65 -1.4% 0.45 times
15 Wed Mar 2023 57.05 56.90 to 58.70 -1.72% 0.65 times
14 Tue Mar 2023 58.05 57.50 to 59.00 -0.09% 0.86 times
13 Mon Mar 2023 58.10 57.10 to 60.00 -0.94% 1.31 times
10 Fri Mar 2023 58.65 57.65 to 60.75 -2.17% 0.72 times
09 Thu Mar 2023 59.95 59.00 to 63.00 -0.5% 1.27 times
08 Wed Mar 2023 60.25 56.70 to 61.40 3.88% 2.84 times
06 Mon Mar 2023 58.00 55.75 to 60.25 1.93% 1.46 times
03 Fri Mar 2023 56.90 56.35 to 58.70 -0.52% 0.92 times

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

It appears as if MRO-TEK Limited MRO-TEK gave a large move recently.

Stock of MRO-TEK Limited (MRO-TEK) 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 MRO-TEK Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if MRO-TEK Limited stays below 57.3, but if it comes above 57.3, then a intra day buy could be more profitable.
If you take a sell trade below 57.3, then use 57.3 as stoploss and 56 as target. However if you take a buy trade in MRO-TEK Limited, then use 57.3 as stoploss and 58.35 as target.

More indepth analysis on MunafaSutra.com