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Stock analysis Shoppers Stop Limited SHOPERSTOP

More indepth analysis on MunafaSutra.com

Moving Averages for Shoppers Stop Limited

  • 5Day Average: 707.56
  • 12Day Average: 729.86
  • 20Day Average: 745.3
  • 50Day Average: 744.55
  • 100Day Average: 723.29
  • 150Day Average: 705.04
  • 200Day Average: 724.04

SHOPERSTOP Indicators & signals

Indicator MACD (12,26,9)

725.38, 736.96, -5.36
Indicator MACD is in negative zone

Indicator ADX (14)

21.3, 15.26, 23.53
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHOPERSTOP Shoppers Stop Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Tue Apr 2024 708.55 705.25 to 720.00 -0.01% 0.68 times
22 Mon Apr 2024 708.65 703.60 to 719.55 -0.35% 0.89 times
19 Fri Apr 2024 711.15 686.90 to 715.15 1.47% 0.65 times
18 Thu Apr 2024 700.85 697.00 to 712.20 -1.09% 0.49 times
16 Tue Apr 2024 708.60 705.00 to 722.90 -1.03% 0.36 times
15 Mon Apr 2024 716.00 710.00 to 733.60 -1.87% 0.36 times
12 Fri Apr 2024 729.65 721.00 to 747.80 -1.91% 0.84 times
10 Wed Apr 2024 743.85 738.40 to 755.60 -1.03% 4.55 times
09 Tue Apr 2024 751.60 744.70 to 765.00 -1.25% 0.31 times
08 Mon Apr 2024 761.10 757.60 to 775.00 0.28% 0.53 times
05 Fri Apr 2024 759.00 748.90 to 773.05 -0.05% 1.02 times
04 Thu Apr 2024 759.35 754.10 to 782.95 -1.98% 0.63 times

Technical analysis forecast for Shoppers Stop 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 Shoppers Stop Limited SHOPERSTOP at this time. Stock is falling and might fall more.

It appears as if Shoppers Stop Limited SHOPERSTOP gave a large move recently.

Stock of Shoppers Stop Limited (SHOPERSTOP) 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 Shoppers Stop Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 707.7 as stoploss in an intra day buy trade for a target of 733.98. However, stock will show a bearish move below 707.7.

More indepth analysis on MunafaSutra.com