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Stock analysis Panacea Biotec Limited PANACEABIO

More indepth analysis on MunafaSutra.com

Moving Averages for Panacea Biotec Limited

  • 5Day Average: 163.55
  • 12Day Average: 160.04
  • 20Day Average: 149.97
  • 50Day Average: 140.01
  • 100Day Average: 132.12
  • 150Day Average: 127.51
  • 200Day Average: 128.97

PANACEABIO Indicators & signals

Indicator MACD (12,26,9)

158.5, 150.54, 6.54
Indicator MACD is in positive zone

Indicator ADX (14)

71.43, 31.48, 5.25
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 64
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
04 Wed Oct 2023 165.85 161.70 to 169.50 -1.86% 0.14 times
03 Tue Oct 2023 169.00 162.05 to 172.70 1.47% 0.35 times
29 Fri Sep 2023 166.55 156.75 to 169.00 5.81% 0.28 times
28 Thu Sep 2023 157.40 156.40 to 160.70 -0.98% 0.09 times
27 Wed Sep 2023 158.95 153.80 to 161.40 1.44% 0.18 times
26 Tue Sep 2023 156.70 154.65 to 164.25 -2.4% 0.61 times
25 Mon Sep 2023 160.55 150.50 to 163.05 2.39% 0.53 times
22 Fri Sep 2023 156.80 153.40 to 162.45 0.93% 0.31 times
21 Thu Sep 2023 155.35 153.95 to 173.50 -4.31% 1.89 times
20 Wed Sep 2023 162.35 155.65 to 166.35 -1.64% 1.48 times
18 Mon Sep 2023 165.05 149.00 to 171.50 13.13% 4.29 times
15 Fri Sep 2023 145.90 138.00 to 151.00 3.99% 0.77 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!

My analysis of Panacea Biotec Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 166.7 as stoploss in an intra day sell trade for a target of 153.41. However, stock will show a bullish move above 166.7.

More indepth analysis on MunafaSutra.com