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Stock analysis ORICON ENTERPRISES INR2 ORICONENT

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Moving Averages for ORICON ENTERPRISES INR2

  • 5Day Average: 36.58
  • 12Day Average: 37.31
  • 20Day Average: 38.09
  • 50Day Average: 38.78
  • 100Day Average: 38.37
  • 150Day Average: 38.63
  • 200Day Average: 38.07

ORICONENT Indicators & signals

Indicator MACD (12,26,9)

37.28, 37.96, -0.53
Indicator MACD is in negative zone

Indicator ADX (14)

11.11, 16.33, 20.41
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 59
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ORICONENT ORICON ENTERPRISES INR2 are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
13 Fri Sep 2024 36.92 36.53 to 37.37 1.21% 0.62 times
12 Thu Sep 2024 36.48 36.28 to 37.02 0% 0.96 times
11 Wed Sep 2024 36.48 36.40 to 37.45 -0.19% 0.61 times
10 Tue Sep 2024 36.55 36.37 to 37.61 0.25% 1.21 times
09 Mon Sep 2024 36.46 35.83 to 37.28 -1.03% 1.02 times
06 Fri Sep 2024 36.84 36.65 to 38.59 -3.94% 1.06 times
05 Thu Sep 2024 38.35 38.05 to 39.25 0.37% 0.88 times
04 Wed Sep 2024 38.21 36.67 to 39.30 2.49% 2.49 times
03 Tue Sep 2024 37.28 37.02 to 38.00 -1.51% 0.56 times
02 Mon Sep 2024 37.85 37.53 to 38.40 -0.5% 0.5 times
30 Fri Aug 2024 38.04 37.59 to 38.58 -0.44% 0.7 times
29 Thu Aug 2024 38.21 38.11 to 39.40 0% 0.78 times

Technical analysis forecast for ORICON ENTERPRISES INR2 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 ORICON ENTERPRISES INR2 ORICONENT at this time. Stock is falling and might fall more.

It appears as if ORICON ENTERPRISES INR2 ORICONENT gave a large move recently.

Stock of ORICON ENTERPRISES INR2 (ORICONENT) 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 ORICON ENTERPRISES INR2 is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 36.5 as stoploss in an intra day buy trade for a target of 37.73. However, stock will show a bearish move below 36.5.

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