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Stock analysis Omax Autos Limited OMAXAUTO

More indepth analysis on MunafaSutra.com

Moving Averages for Omax Autos Limited

  • 5Day Average: 121.96
  • 12Day Average: 122.91
  • 20Day Average: 124.1
  • 50Day Average: 119.75
  • 100Day Average: 92.83
  • 150Day Average: 81.32
  • 200Day Average: 72.7

OMAXAUTO Indicators & signals

Indicator MACD (12,26,9)

122.84, 122.88, 1.03
Indicator MACD is in negative zone

Indicator ADX (14)

28.57, 13.89, 25
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 61
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of OMAXAUTO Omax Autos Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
14 Mon Oct 2024 120.00 118.70 to 124.50 -2.16% 0.24 times
11 Fri Oct 2024 122.65 121.00 to 127.63 -1.38% 0.83 times
10 Thu Oct 2024 124.36 123.00 to 126.75 -0.69% 0.38 times
09 Wed Oct 2024 125.22 118.00 to 126.65 6.51% 0.66 times
08 Tue Oct 2024 117.57 108.01 to 122.75 1.65% 0.97 times
07 Mon Oct 2024 115.66 115.43 to 123.58 -4.81% 1.13 times
04 Fri Oct 2024 121.51 118.51 to 126.60 -0.99% 0.79 times
03 Thu Oct 2024 122.72 122.72 to 129.65 -5% 1.03 times
01 Tue Oct 2024 129.18 121.55 to 133.77 1.37% 2.41 times
30 Mon Sep 2024 127.43 127.20 to 132.29 0.28% 0.68 times
27 Fri Sep 2024 127.07 123.44 to 127.61 4.55% 1.12 times
26 Thu Sep 2024 121.54 119.20 to 127.64 -0.02% 1.73 times

Technical analysis forecast for Omax Autos 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 Omax Autos Limited OMAXAUTO at this time. Stock is falling and might fall more.

It appears as if Omax Autos Limited OMAXAUTO gave a large move recently.

Stock of Omax Autos Limited (OMAXAUTO) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Omax Autos Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 119.5 as stoploss in an intra day buy trade for a target of 123.46. However, stock will show a bearish move below 119.5.

More indepth analysis on MunafaSutra.com