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Stock analysis Signet Industries Limited SIGIND

More indepth analysis on MunafaSutra.com

Moving Averages for Signet Industries Limited

  • 5Day Average: 71.91
  • 12Day Average: 74.26
  • 20Day Average: 73.17
  • 50Day Average: 74.34
  • 100Day Average: 80.03
  • 150Day Average: 77.25
  • 200Day Average: 75.34

SIGIND Indicators & signals

Indicator MACD (12,26,9)

72.75, 73.44, -0.35
Indicator MACD is in negative zone

Indicator ADX (14)

3.07, 18.04, 19.18
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 SIGIND Signet Industries Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Tue Oct 2024 70.67 67.41 to 71.45 2.08% 0.1 times
07 Mon Oct 2024 69.23 68.60 to 73.16 -4.13% 0.15 times
04 Fri Oct 2024 72.21 71.56 to 73.99 -0.67% 0.17 times
03 Thu Oct 2024 72.70 72.50 to 74.76 -2.76% 0.13 times
01 Tue Oct 2024 74.76 74.01 to 76.80 -0.12% 0.19 times
30 Mon Sep 2024 74.85 72.61 to 76.99 1.7% 0.3 times
27 Fri Sep 2024 73.60 73.01 to 75.00 -0.58% 0.26 times
26 Thu Sep 2024 74.03 73.35 to 76.61 -2.08% 0.38 times
25 Wed Sep 2024 75.60 75.10 to 79.80 0.19% 0.61 times
24 Tue Sep 2024 75.46 72.20 to 83.50 -10.26% 2.56 times
23 Mon Sep 2024 84.09 73.00 to 88.65 13.82% 5.27 times
20 Fri Sep 2024 73.88 73.10 to 83.10 2.93% 2.83 times

Technical analysis forecast for Signet Industries 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 Signet Industries Limited SIGIND at this time. Stock is falling and might fall more.

It appears as if Signet Industries Limited SIGIND gave a large move recently.

Stock of Signet Industries Limited (SIGIND) 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.

My analysis of Signet Industries Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 70.1 as stoploss in an intra day buy trade for a target of 73.16. However, stock will show a bearish move below 70.1.

More indepth analysis on MunafaSutra.com