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Stock analysis Softtech Engineer Limited SOFTTECH

More indepth analysis on MunafaSutra.com

Moving Averages for Softtech Engineer Limited

  • 5Day Average: 137.54
  • 12Day Average: 140.23
  • 20Day Average: 144.84
  • 50Day Average: 149.26
  • 100Day Average: 159.63
  • 150Day Average: 156.64
  • 200Day Average: 155.44

SOFTTECH Indicators & signals

Indicator MACD (12,26,9)

140.38, 144.74, -3.61
Indicator MACD is in negative zone

Indicator ADX (14)

21.31, 13.75, 21.19
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 40
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SOFTTECH Softtech Engineer Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Thu Jun 2023 136.60 136.15 to 140.95 0% 0.39 times
07 Wed Jun 2023 136.60 135.05 to 141.70 0.59% 0.25 times
06 Tue Jun 2023 135.80 134.55 to 145.90 -3.07% 0.67 times
05 Mon Jun 2023 140.10 139.35 to 142.90 1.08% 0.23 times
02 Fri Jun 2023 138.60 137.05 to 143.90 0.11% 0.29 times
01 Thu Jun 2023 138.45 137.00 to 145.25 -0.36% 0.47 times
31 Wed May 2023 138.95 137.70 to 145.00 -0.64% 0.63 times
30 Tue May 2023 139.85 135.00 to 161.00 1.08% 4.27 times
29 Mon May 2023 138.35 135.10 to 144.95 0.36% 0.55 times
26 Fri May 2023 137.85 121.55 to 151.10 -7.85% 2.36 times
25 Thu May 2023 149.60 148.55 to 154.05 -1.58% 0.27 times
24 Wed May 2023 152.00 150.60 to 154.00 0.07% 0.1 times

Technical analysis forecast for Softtech Engineer 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 Softtech Engineer Limited SOFTTECH at this time. Stock is falling and might fall more.

It appears as if Softtech Engineer Limited SOFTTECH gave a large move recently.

Stock of Softtech Engineer Limited (SOFTTECH) 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 Softtech Engineer Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 136.3 as stoploss in an intra day buy trade for a target of 143.16. However, stock will show a bearish move below 136.3.

More indepth analysis on MunafaSutra.com