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Stock analysis Shivam Autotech Limited SHIVAMAUTO

More indepth analysis on MunafaSutra.com

Moving Averages for Shivam Autotech Limited

  • 5Day Average: 37.14
  • 12Day Average: 36.37
  • 20Day Average: 39.18
  • 50Day Average: 41.17
  • 100Day Average: 35.18
  • 150Day Average: 31.99
  • 200Day Average: 30.1

SHIVAMAUTO Indicators & signals

Indicator MACD (12,26,9)

37.48, 39.01, -1.39
Indicator MACD is in negative zone

Indicator ADX (14)

4.76, 22.22, 24.44
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHIVAMAUTO Shivam Autotech Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 37.15 36.50 to 38.10 1.5% 0.68 times
27 Wed Mar 2024 36.60 36.10 to 37.80 -1.21% 1.35 times
26 Tue Mar 2024 37.05 36.85 to 40.25 -3.39% 1.39 times
22 Fri Mar 2024 38.35 37.55 to 38.35 4.92% 0.42 times
21 Thu Mar 2024 36.55 35.45 to 36.55 4.88% 0.32 times
20 Wed Mar 2024 34.85 34.60 to 35.60 -0.43% 0.47 times
19 Tue Mar 2024 35.00 34.50 to 36.50 -1.82% 0.62 times
18 Mon Mar 2024 35.65 34.85 to 36.30 -0.28% 0.55 times
15 Fri Mar 2024 35.75 34.65 to 36.95 -1.38% 1.04 times
14 Thu Mar 2024 36.25 33.95 to 36.75 1.54% 2.53 times
13 Wed Mar 2024 35.70 35.70 to 38.55 -4.93% 1.33 times
12 Tue Mar 2024 37.55 37.55 to 39.50 -4.94% 1.21 times

Technical analysis forecast for Shivam Autotech Limited 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 Shivam Autotech Limited SHIVAMAUTO at this time. Stock is falling and might fall more.

It appears as if Shivam Autotech Limited SHIVAMAUTO gave a large move recently.

Stock of Shivam Autotech Limited (SHIVAMAUTO) 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 Shivam Autotech Limited is bearish for shortterm, and stock might move down till 34.7 or till 30.2. Use a stoploss of 38.53 and if the stock hits stoploss, then it can shoot up till 42.32

More indepth analysis on MunafaSutra.com