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Stock analysis Onward Technologies Limited ONWARDTEC

More indepth analysis on MunafaSutra.com

Moving Averages for Onward Technologies Limited

  • 5Day Average: 552.1
  • 12Day Average: 559.74
  • 20Day Average: 577.15
  • 50Day Average: 573.52
  • 100Day Average: 531.1
  • 150Day Average: 456.34
  • 200Day Average: 419.04

ONWARDTEC Indicators & signals

Indicator MACD (12,26,9)

559.19, 567.37, -3.72
Indicator MACD is in negative zone

Indicator ADX (14)

8.3, 17.27, 20.4
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ONWARDTEC Onward Technologies Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Wed Oct 2023 538.55 531.15 to 549.95 -1.73% 1.01 times
03 Tue Oct 2023 548.05 544.10 to 560.95 -1.09% 0.81 times
29 Fri Sep 2023 554.10 551.00 to 561.00 -1.15% 0.49 times
28 Thu Sep 2023 560.55 554.80 to 569.00 0.23% 0.71 times
27 Wed Sep 2023 559.25 547.55 to 573.45 1.93% 1.59 times
26 Tue Sep 2023 548.65 546.00 to 563.45 -1.04% 1.46 times
25 Mon Sep 2023 554.40 552.00 to 566.55 -1.42% 1.07 times
22 Fri Sep 2023 562.40 552.75 to 584.55 -0.46% 1.16 times
21 Thu Sep 2023 565.00 555.70 to 576.25 -0.91% 0.56 times
20 Wed Sep 2023 570.20 567.15 to 585.90 -1.66% 0.61 times
18 Mon Sep 2023 579.85 573.55 to 593.00 0.69% 1.54 times
15 Fri Sep 2023 575.90 575.00 to 592.00 0.03% 0.55 times

Technical analysis forecast for Onward Technologies 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 Onward Technologies Limited ONWARDTEC at this time. Stock is falling and might fall more.

It appears as if Onward Technologies Limited ONWARDTEC gave a large move recently.

Stock of Onward Technologies Limited (ONWARDTEC) 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 Onward Technologies Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 537.6 as stoploss in an intra day buy trade for a target of 565.5. However, stock will show a bearish move below 537.6.

More indepth analysis on MunafaSutra.com