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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: 60.53
  • 12Day Average: 61.04
  • 20Day Average: 60.73
  • 50Day Average: 59.63
  • 100Day Average: 57.11
  • 150Day Average: 57.33
  • 200Day Average: 58.61

MRO-TEK Indicators & signals

Indicator MACD (12,26,9)

60.84, 60.34, 0.53
Indicator MACD is in positive zone

Indicator ADX (14)

50, 30.18, 10.06
Indicator ADX is indicating that momentum is still strong.
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 MRO-TEK MRO-TEK Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
20 Wed Sep 2023 61.80 61.20 to 64.25 -1.75% 0.37 times
18 Mon Sep 2023 62.90 58.70 to 67.00 5.01% 3.96 times
15 Fri Sep 2023 59.90 59.30 to 60.70 0.67% 0.12 times
14 Thu Sep 2023 59.50 58.85 to 60.20 1.62% 0.29 times
13 Wed Sep 2023 58.55 57.50 to 61.00 0.34% 0.84 times
12 Tue Sep 2023 58.35 58.10 to 62.85 -5.58% 0.72 times
11 Mon Sep 2023 61.80 61.25 to 63.85 -0.32% 0.25 times
08 Fri Sep 2023 62.00 61.55 to 64.15 -2.29% 0.43 times
07 Thu Sep 2023 63.45 60.00 to 67.40 3.85% 3.04 times
06 Wed Sep 2023 61.10 60.50 to 62.55 -0.73% 0.18 times
05 Tue Sep 2023 61.55 61.20 to 62.25 0% 0.16 times
04 Mon Sep 2023 61.55 61.00 to 62.75 0.57% 0.11 times

Technical analysis forecast of MRO-TEK 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 MRO-TEK Limited MRO-TEK at this time. Stock is rising and might rise more.

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

Stock of MRO-TEK Limited (MRO-TEK) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of MRO-TEK Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 62.1 as stoploss in an intra day sell trade for a target of 60.58. However, stock will show a bullish move above 62.1.

More indepth analysis on MunafaSutra.com