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Stock analysis Neogen Chemicals Limited NEOGEN

More indepth analysis on MunafaSutra.com

Moving Averages for Neogen Chemicals Limited

  • 5Day Average: 1224.72
  • 12Day Average: 1241.15
  • 20Day Average: 1274.69
  • 50Day Average: 1337.7
  • 100Day Average: 1425.65
  • 150Day Average: 1513.08
  • 200Day Average: 1533.16

NEOGEN Indicators & signals

Indicator MACD (12,26,9)

1243.99, 1281.06, -32.38
Indicator MACD is in negative zone

Indicator ADX (14)

46.94, 10.51, 29.12
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 40
Indicator RSI is indicating selling pressure and stock might fall.

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

Date Close Range Change % Volume
28 Thu Mar 2024 1196.20 1176.00 to 1230.90 0.17% 1.83 times
27 Wed Mar 2024 1194.20 1188.00 to 1234.55 -2.79% 1.94 times
26 Tue Mar 2024 1228.45 1221.00 to 1253.65 -2.01% 1.53 times
22 Fri Mar 2024 1253.65 1246.65 to 1264.50 0.2% 0.63 times
21 Thu Mar 2024 1251.10 1245.40 to 1266.25 0.98% 0.4 times
20 Wed Mar 2024 1238.95 1225.00 to 1264.95 -1.66% 1.6 times
19 Tue Mar 2024 1259.80 1252.00 to 1278.95 -1.02% 0.33 times
18 Mon Mar 2024 1272.75 1250.00 to 1279.30 1.71% 0.67 times
15 Fri Mar 2024 1251.40 1232.05 to 1259.00 0.96% 0.65 times
14 Thu Mar 2024 1239.55 1229.30 to 1283.15 -0.17% 0.84 times
13 Wed Mar 2024 1241.65 1230.25 to 1275.80 -1.93% 1.4 times
12 Tue Mar 2024 1266.10 1262.00 to 1317.65 -3.64% 0.67 times

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

It appears as if Neogen Chemicals Limited NEOGEN gave a large move recently.

Stock of Neogen Chemicals Limited (NEOGEN) 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 Neogen Chemicals Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Neogen Chemicals Limited stays below 1221, but if it comes above 1221, then a intra day buy could be more profitable.
If you take a sell trade below 1221, then use 1221 as stoploss and 1166.4 as target. However if you take a buy trade in Neogen Chemicals Limited, then use 1221 as stoploss and 1266.48 as target.

More indepth analysis on MunafaSutra.com