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Stock analysis Suratwwala Bus Group Ltd SBGLP

More indepth analysis on MunafaSutra.com

Moving Averages for Suratwwala Bus Group Ltd

  • 5Day Average: 121.49
  • 12Day Average: 121.14
  • 20Day Average: 122.66
  • 50Day Average: 123.29
  • 100Day Average: 342.61
  • 150Day Average: 459.65
  • 200Day Average: 457.82

SBGLP Indicators & signals

Indicator MACD (12,26,9)

121.64, 125.81, -5.64
Indicator MACD is in negative zone

Indicator ADX (14)

12.34, 16.27, 20.85
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 28
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of SBGLP Suratwwala Bus Group Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Jul 2024 122.69 121.00 to 124.95 1.33% 0.96 times
25 Thu Jul 2024 121.08 119.90 to 125.00 -0.74% 1.26 times
24 Wed Jul 2024 121.98 120.86 to 124.80 0.93% 1.64 times
23 Tue Jul 2024 120.86 115.81 to 123.50 0% 0.77 times
23 Tue Jul 2024 120.86 115.81 to 123.50 4.7% 0.77 times
22 Mon Jul 2024 115.43 114.74 to 119.00 -1.95% 1.03 times
19 Fri Jul 2024 117.72 117.00 to 122.24 -2.29% 0.31 times
18 Thu Jul 2024 120.48 120.00 to 125.79 -3.4% 0.69 times
16 Tue Jul 2024 124.72 122.45 to 129.00 2.23% 1.82 times
15 Mon Jul 2024 122.00 120.03 to 125.90 0.31% 1.09 times
12 Fri Jul 2024 121.62 121.00 to 126.50 -2.12% 0.62 times
11 Thu Jul 2024 124.26 121.50 to 127.80 1.54% 2.36 times

Technical analysis forecast for Suratwwala Bus Group 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 Suratwwala Bus Group Ltd SBGLP at this time. Stock is falling and might fall more.

It appears as if Suratwwala Bus Group Ltd SBGLP gave a large move recently.

Stock of Suratwwala Bus Group Ltd (SBGLP) 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 Suratwwala Bus Group Ltd is bearish for shortterm, and stock might move down till 119.7 or till 115.9. Use a stoploss of 122.89 and if the stock hits stoploss, then it can shoot up till 126.08

More indepth analysis on MunafaSutra.com