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Stock analysis Snowman Logistics Limited SNOWMAN

More indepth analysis on MunafaSutra.com

Moving Averages for Snowman Logistics Limited

  • 5Day Average: 50.25
  • 12Day Average: 50.5
  • 20Day Average: 51.97
  • 50Day Average: 51.53
  • 100Day Average: 46.91
  • 150Day Average: 42.47
  • 200Day Average: 41.11

SNOWMAN Indicators & signals

Indicator MACD (12,26,9)

50.77, 51.32, -0.29
Indicator MACD is in negative zone

Indicator ADX (14)

0, 18.38, 18.38
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SNOWMAN Snowman Logistics Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Wed Oct 2023 49.95 49.70 to 52.00 -1.87% 1.14 times
03 Tue Oct 2023 50.90 50.10 to 51.50 0.89% 0.78 times
29 Fri Sep 2023 50.45 50.15 to 51.20 0.7% 0.64 times
28 Thu Sep 2023 50.10 49.75 to 51.35 0.5% 0.89 times
27 Wed Sep 2023 49.85 49.60 to 50.40 -0.7% 0.58 times
26 Tue Sep 2023 50.20 50.00 to 51.35 1.21% 0.79 times
25 Mon Sep 2023 49.60 49.30 to 50.75 -1.68% 0.76 times
22 Fri Sep 2023 50.45 49.80 to 51.15 0% 0.57 times
21 Thu Sep 2023 50.45 50.10 to 51.65 -0.49% 1.09 times
20 Wed Sep 2023 50.70 50.55 to 51.55 -0.98% 0.75 times
18 Mon Sep 2023 51.20 51.00 to 53.40 -1.82% 3.17 times
15 Fri Sep 2023 52.15 51.65 to 53.15 -0.48% 0.87 times

Technical analysis forecast for Snowman Logistics 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 Snowman Logistics Limited SNOWMAN at this time. Stock is falling and might fall more.

It appears as if Snowman Logistics Limited SNOWMAN gave a large move recently.

Stock of Snowman Logistics Limited (SNOWMAN) 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 Snowman Logistics Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 49 as stoploss in an intra day buy trade for a target of 51.22. However, stock will show a bearish move below 49.

More indepth analysis on MunafaSutra.com