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Stock analysis Nitco Limited NITCO

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Moving Averages for Nitco Limited

  • 5Day Average: 84.94
  • 12Day Average: 85.32
  • 20Day Average: 83.84
  • 50Day Average: 78.3
  • 100Day Average: 56.28
  • 150Day Average: 43.83
  • 200Day Average: 37.5

NITCO Indicators & signals

Indicator MACD (12,26,9)

84.51, 82.01, 2.93
Indicator MACD is in positive zone

Indicator ADX (14)

12.05, 17.92, 14.07
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 NITCO Nitco Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
06 Fri Sep 2024 83.57 82.68 to 87.33 -4.26% 0.41 times
05 Thu Sep 2024 87.29 85.21 to 88.75 1.31% 0.58 times
04 Wed Sep 2024 86.16 84.01 to 87.10 0.48% 0.44 times
03 Tue Sep 2024 85.75 81.13 to 88.15 4.68% 0.99 times
02 Mon Sep 2024 81.92 81.00 to 85.69 -3.28% 0.63 times
30 Fri Aug 2024 84.70 84.01 to 87.30 0.47% 0.47 times
29 Thu Aug 2024 84.30 83.70 to 88.80 0% 1.07 times
29 Thu Aug 2024 84.30 83.70 to 88.80 0% 1.07 times
29 Thu Aug 2024 84.30 83.70 to 88.80 -4.8% 1.07 times
28 Wed Aug 2024 88.55 84.39 to 89.40 4.32% 1.75 times
27 Tue Aug 2024 84.88 84.04 to 90.40 -3.72% 1.94 times
26 Mon Aug 2024 88.16 85.00 to 94.70 2% 5.55 times

Technical analysis forecast of Nitco 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 Nitco Limited NITCO at this time. Stock is rising and might rise more.

It appears as if Nitco Limited NITCO gave a large move recently.

Stock of Nitco Limited (NITCO) 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 Nitco Limited is bullish for shortterm, and stock might move up till 86.4 or till 90.3. Use a stoploss of 83.21 and if this stock hits its stoploss, then it can fall down till 80

More indepth analysis on MunafaSutra.com