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Stock analysis Platinum Industries Ltd PLATIND

More indepth analysis on MunafaSutra.com

Moving Averages for Platinum Industries Ltd

  • 5Day Average: 296.38
  • 12Day Average: 320.01
  • 20Day Average: 341.26
  • 50Day Average: 403.36
  • 100Day Average: 408.41
  • 150Day Average: 388.4
  • 200Day Average: 343.25

PLATIND Indicators & signals

Indicator MACD (12,26,9)

318.57, 350.28, -28.67
Indicator MACD is in negative zone

Indicator ADX (14)

62.8, 7.99, 34.98
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 38
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of PLATIND Platinum Industries Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
05 Wed Feb 2025 302.25 301.00 to 311.25 0.82% 0.52 times
04 Tue Feb 2025 299.80 287.75 to 305.00 5.56% 0.8 times
03 Mon Feb 2025 284.00 281.20 to 303.90 -5.1% 1.08 times
31 Fri Jan 2025 299.25 294.50 to 305.05 0.89% 0.64 times
30 Thu Jan 2025 296.60 294.35 to 314.95 -3.76% 1.06 times
29 Wed Jan 2025 308.20 295.50 to 312.95 5.03% 0.86 times
28 Tue Jan 2025 293.45 281.30 to 323.00 -6.96% 2.31 times
27 Mon Jan 2025 315.40 312.05 to 340.00 -8.09% 1.16 times
24 Fri Jan 2025 343.15 340.00 to 366.00 -5.81% 1.05 times
23 Thu Jan 2025 364.30 360.50 to 370.85 0.54% 0.4 times
22 Wed Jan 2025 362.35 355.00 to 380.00 -2.42% 0.62 times
21 Tue Jan 2025 371.35 368.00 to 389.70 -3.77% 0.5 times

Technical analysis forecast for Platinum Industries Ltd 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 Platinum Industries Ltd PLATIND at this time. Stock is falling and might fall more.

It appears as if Platinum Industries Ltd PLATIND gave a large move recently.

Stock of Platinum Industries Ltd (PLATIND) 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 Platinum Industries Ltd is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Platinum Industries Ltd stays below 302.8, but if it comes above 302.8, then a intra day buy could be more profitable.
If you take a sell trade below 302.8, then use 302.8 as stoploss and 260 as target. However if you take a buy trade in Platinum Industries Ltd, then use 302.8 as stoploss and 338.39 as target.

More indepth analysis on MunafaSutra.com