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Stock analysis Selan Exploration Technology Limited SELAN

More indepth analysis on MunafaSutra.com

Moving Averages for Selan Exploration Technology Limited

  • 5Day Average: 606.24
  • 12Day Average: 544.74
  • 20Day Average: 505.78
  • 50Day Average: 496.53
  • 100Day Average: 500.2
  • 150Day Average: 474.59
  • 200Day Average: 444.18

SELAN Indicators & signals

Indicator MACD (12,26,9)

560.14, 522, 18.9
Indicator MACD is in positive zone

Indicator ADX (14)

77.27, 38.28, 4.91
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 SELAN Selan Exploration Technology Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Apr 2024 640.00 620.20 to 673.10 2.15% 1.46 times
18 Thu Apr 2024 626.55 621.05 to 673.10 -1.25% 1.1 times
16 Tue Apr 2024 634.45 596.20 to 683.70 6.42% 3.96 times
15 Mon Apr 2024 596.20 520.10 to 625.00 11.65% 3.16 times
12 Fri Apr 2024 534.00 518.05 to 552.00 1.02% 0.26 times
10 Wed Apr 2024 528.60 517.45 to 532.95 2.41% 0.21 times
09 Tue Apr 2024 516.15 514.45 to 524.50 0.07% 0.09 times
08 Mon Apr 2024 515.80 509.05 to 524.00 -0.01% 0.26 times
05 Fri Apr 2024 515.85 470.85 to 521.85 7.38% 0.7 times
04 Thu Apr 2024 480.40 472.00 to 486.30 0.27% 0.07 times
03 Wed Apr 2024 479.10 464.10 to 484.70 1.99% 0.19 times
02 Tue Apr 2024 469.75 460.70 to 472.50 2.14% 0.06 times

Technical analysis forecast of Selan Exploration Technology Limited 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 Selan Exploration Technology Limited SELAN at this time. Stock is rising and might rise more.

It appears as if Selan Exploration Technology Limited SELAN gave a large move recently.

Stock of Selan Exploration Technology Limited (SELAN) 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 Selan Exploration Technology Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Selan Exploration Technology Limited stays above 599.8, but if it comes below 599.8, then a intra day sell could be more profitable.
If you take a sell trade below 599.8, then use 599.8 as stoploss and 532.73 as target. However if you take a buy trade in Selan Exploration Technology Limited, then use 599.8 as stoploss and 680.2 as target.

More indepth analysis on MunafaSutra.com