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Stock analysis Platinum Industries Ltd PLATIND

More indepth analysis on MunafaSutra.com

Moving Averages for Platinum Industries Ltd

  • 5Day Average: 266.79
  • 12Day Average: 257.68
  • 20Day Average: 242.95
  • 50Day Average: 217.84

PLATIND Indicators & signals

Indicator MACD (12,26,9)

257.67, 241.12, 13.56
Indicator MACD is in positive zone

Indicator ADX (14)

59.79, 28.47, 7.17
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
26 Fri Jul 2024 283.92 271.81 to 289.35 3.18% 0.84 times
25 Thu Jul 2024 275.17 263.27 to 288.23 2.68% 1.27 times
24 Wed Jul 2024 268.00 254.00 to 273.00 5.75% 0.93 times
23 Tue Jul 2024 253.42 240.10 to 258.00 0% 0.47 times
23 Tue Jul 2024 253.42 240.10 to 258.00 -0.55% 0.47 times
22 Mon Jul 2024 254.81 242.41 to 258.95 2.5% 0.89 times
19 Fri Jul 2024 248.60 245.78 to 272.00 -5.01% 0.79 times
18 Thu Jul 2024 261.70 248.01 to 267.00 2.78% 0.89 times
16 Tue Jul 2024 254.61 253.26 to 269.39 -1.8% 0.64 times
15 Mon Jul 2024 259.27 234.53 to 269.90 9.61% 3.07 times
12 Fri Jul 2024 236.54 234.00 to 244.40 -2.52% 0.58 times
11 Thu Jul 2024 242.65 238.00 to 243.95 2.38% 0.88 times

Technical analysis forecast of Platinum Industries Ltd 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 Platinum Industries Ltd PLATIND at this time. Stock is rising and might rise more.

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

Stock of Platinum Industries Ltd (PLATIND) 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 Platinum Industries Ltd is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Platinum Industries Ltd stays above 269.1, but if it comes below 269.1, then a intra day sell could be more profitable.
If you take a sell trade below 269.1, then use 269.1 as stoploss and 247.07 as target. However if you take a buy trade in Platinum Industries Ltd, then use 269.1 as stoploss and 295.5 as target.

More indepth analysis on MunafaSutra.com