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Stock analysis Prem. Explosives PREMEXPLN

More indepth analysis on MunafaSutra.com

Moving Averages for Prem. Explosives

  • 5Day Average: 2772.82
  • 12Day Average: 2921.53
  • 20Day Average: 2744.89
  • 50Day Average: 2493.69
  • 100Day Average: 1988.1
  • 150Day Average: 1835.07
  • 200Day Average: 1571.94

PREMEXPLN Indicators & signals

Indicator MACD (12,26,9)

2664.78, 2660.41, 200.5
Indicator MACD is in positive zone

Indicator ADX (14)

39.99, 21.65, 50.5
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 32
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of PREMEXPLN Prem. Explosives are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
24 Mon Jun 2024 846.80 846.80 to 864.00 -5% 0.9 times
21 Fri Jun 2024 891.35 795.70 to 908.80 -78.42% 4.68 times
20 Thu Jun 2024 4130.90 3809.75 to 4240.00 0.11% 0.66 times
19 Wed Jun 2024 4126.20 3870.00 to 4177.00 6.65% 0.8 times
18 Tue Jun 2024 3868.85 3634.00 to 3882.35 9.62% 0.84 times
14 Fri Jun 2024 3529.45 3440.00 to 3660.00 0.48% 0.3 times
13 Thu Jun 2024 3512.45 3409.05 to 3557.40 6.54% 0.4 times
12 Wed Jun 2024 3296.75 2985.35 to 3345.45 10.94% 0.62 times
11 Tue Jun 2024 2971.60 2924.60 to 3099.00 -0.76% 0.46 times
10 Mon Jun 2024 2994.45 2634.10 to 3045.45 15.89% 0.87 times
07 Fri Jun 2024 2583.80 2286.50 to 2640.10 12.06% 0.37 times
06 Thu Jun 2024 2305.70 2236.50 to 2365.00 5.48% 0.27 times

Technical analysis forecast for Prem. Explosives 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 Prem. Explosives PREMEXPLN at this time. Stock is falling and might fall more.

It appears as if Prem. Explosives PREMEXPLN gave a large move recently.

Stock of Prem. Explosives (PREMEXPLN) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

Although my analysis for Prem. Explosives is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 809.2, for a target of 1837.1 or 2693.68

More indepth analysis on MunafaSutra.com