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Stock analysis Persistent Systems Limited PERSISTENT

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Moving Averages for Persistent Systems Limited

  • 5Day Average: 3918.32
  • 12Day Average: 3951.53
  • 20Day Average: 5395.74
  • 50Day Average: 7274.84
  • 100Day Average: 7271.32
  • 150Day Average: 6839.13
  • 200Day Average: 6376.17

PERSISTENT Indicators & signals

Indicator MACD (12,26,9)

4412.35, 5526.45, -1069.49
Indicator MACD is in negative zone

Indicator ADX (14)

78.24, 7.38, 60.47
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 22
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of PERSISTENT Persistent Systems Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
18 Thu Apr 2024 3843.90 3821.55 to 3959.75 -0.37% 0.99 times
16 Tue Apr 2024 3858.25 3850.00 to 3977.05 -2.39% 0.77 times
15 Mon Apr 2024 3952.75 3905.00 to 3993.10 -0.63% 0.7 times
12 Fri Apr 2024 3977.95 3960.00 to 4040.00 0.49% 0.78 times
10 Wed Apr 2024 3958.75 3940.00 to 3979.35 0.05% 0.33 times
09 Tue Apr 2024 3956.85 3891.10 to 3988.00 1.36% 0.67 times
08 Mon Apr 2024 3903.80 3731.65 to 4010.80 -2.33% 1.81 times
05 Fri Apr 2024 3996.75 3970.00 to 4046.00 -0.81% 0.77 times
04 Thu Apr 2024 4029.50 3977.40 to 4085.05 1.42% 2.03 times
03 Wed Apr 2024 3972.90 3931.25 to 3994.85 0.07% 1.45 times
02 Tue Apr 2024 3970.25 3951.10 to 3989.00 -0.66% 0.7 times
01 Mon Apr 2024 3996.65 3932.00 to 4076.40 0.3% 1.99 times

Technical analysis forecast for Persistent Systems 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 Persistent Systems Limited PERSISTENT at this time. Stock is falling and might fall more.

It appears as if Persistent Systems Limited PERSISTENT gave a large move recently.

Stock of Persistent Systems Limited (PERSISTENT) 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 Persistent Systems Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 3142.7 as stoploss in an intra day buy trade for a target of 5108.5. However, stock will show a bearish move below 3142.7.

More indepth analysis on MunafaSutra.com