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Stock analysis Platinum Industries Ltd PLATIND

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Moving Averages for Platinum Industries Ltd

  • 5Day Average: 213.23
  • 12Day Average: 215.23
  • 20Day Average: 213.61

PLATIND Indicators & signals

Indicator MACD (12,26,9)

213.54, 207.13, 8.62
Indicator MACD is in positive zone

Indicator ADX (14)

25.7, 20.7, 12.23
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
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
17 Fri May 2024 211.40 209.00 to 231.70 -1.47% 3.09 times
16 Thu May 2024 214.55 210.40 to 228.90 -3.64% 1.86 times
15 Wed May 2024 222.65 208.45 to 229.50 5.6% 1.87 times
14 Tue May 2024 210.85 206.00 to 215.55 2.01% 0.45 times
13 Mon May 2024 206.70 203.95 to 214.80 -3.32% 0.5 times
10 Fri May 2024 213.80 208.10 to 221.75 -0.47% 0.88 times
09 Thu May 2024 214.80 213.10 to 228.95 -2.85% 1.11 times
08 Wed May 2024 221.10 212.75 to 222.80 3.46% 0.89 times
07 Tue May 2024 213.70 204.80 to 224.10 2% 1.49 times
06 Mon May 2024 209.50 208.30 to 223.60 -5.59% 0.48 times
03 Fri May 2024 221.90 213.30 to 224.75 0.07% 0.45 times
02 Thu May 2024 221.75 217.15 to 225.40 1.05% 0.54 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, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Platinum Industries Ltd is bullish for shortterm, and stock might move up till 220.5 or till 232. Use a stoploss of 210.96 and if this stock hits its stoploss, then it can fall down till 201.4

More indepth analysis on MunafaSutra.com