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Stock analysis Panacea Biotec Limited PANACEABIO

More indepth analysis on MunafaSutra.com

Moving Averages for Panacea Biotec Limited

  • 5Day Average: 317.13
  • 12Day Average: 276.64
  • 20Day Average: 258.37
  • 50Day Average: 193.59
  • 100Day Average: 164.24
  • 150Day Average: 157.39
  • 200Day Average: 160.32

PANACEABIO Indicators & signals

Indicator MACD (12,26,9)

287.81, 250, 29.7
Indicator MACD is in positive zone

Indicator ADX (14)

83.96, 44.76, 3.9
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 74
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of PANACEABIO Panacea Biotec Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Tue Sep 2024 349.79 339.00 to 349.79 5% 0.57 times
16 Mon Sep 2024 333.14 303.36 to 333.78 4.8% 1.38 times
13 Fri Sep 2024 317.89 304.10 to 317.89 5% 0.72 times
12 Thu Sep 2024 302.76 279.00 to 309.40 7.34% 1.11 times
11 Wed Sep 2024 282.05 272.20 to 294.62 0.35% 0.92 times
10 Tue Sep 2024 281.07 268.13 to 286.40 3.9% 1.62 times
09 Mon Sep 2024 270.51 244.00 to 270.51 10% 1.69 times
06 Fri Sep 2024 245.92 238.80 to 255.60 3% 1.05 times
05 Thu Sep 2024 238.75 235.44 to 241.29 -0.27% 0.29 times
04 Wed Sep 2024 239.39 228.00 to 244.80 2.72% 0.59 times
03 Tue Sep 2024 233.04 222.02 to 239.00 3.4% 0.64 times
02 Mon Sep 2024 225.38 220.00 to 237.70 0.5% 0.6 times

Technical analysis forecast of Panacea Biotec 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 Panacea Biotec Limited PANACEABIO at this time. Stock is rising and might rise more.

It appears as if Panacea Biotec Limited PANACEABIO gave a large move recently.

Stock of Panacea Biotec Limited (PANACEABIO) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

Although my analysis for Panacea Biotec Limited is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 350.2, for a target of 303 or 263.77

More indepth analysis on MunafaSutra.com