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Stock analysis Sonata Software Limited SONATSOFTW

More indepth analysis on MunafaSutra.com

Moving Averages for Sonata Software Limited

  • 5Day Average: 684.8
  • 12Day Average: 682.74
  • 20Day Average: 707.24
  • 50Day Average: 754.69
  • 100Day Average: 781.29
  • 150Day Average: 918.35
  • 200Day Average: 951.48

SONATSOFTW Indicators & signals

Indicator MACD (12,26,9)

690.8, 711.05, -21.71
Indicator MACD is in negative zone

Indicator ADX (14)

20.05, 15.23, 22.87
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SONATSOFTW Sonata Software Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
02 Thu May 2024 685.00 677.05 to 698.90 -0.89% 0.77 times
30 Tue Apr 2024 691.15 678.05 to 705.00 -0.44% 1.71 times
29 Mon Apr 2024 694.20 678.50 to 697.00 1.93% 0.5 times
26 Fri Apr 2024 681.05 670.50 to 690.15 1.26% 0.52 times
25 Thu Apr 2024 672.60 665.55 to 683.25 0.13% 0.6 times
24 Wed Apr 2024 671.70 662.95 to 675.00 1.66% 0.4 times
23 Tue Apr 2024 660.70 658.55 to 675.65 -1.25% 0.58 times
22 Mon Apr 2024 669.05 664.70 to 679.55 -0.45% 0.61 times
19 Fri Apr 2024 672.05 656.55 to 676.00 -1.4% 2.48 times
18 Thu Apr 2024 681.60 677.05 to 703.50 -2.63% 1.48 times
16 Tue Apr 2024 700.00 698.00 to 710.05 -1.93% 1.12 times
15 Mon Apr 2024 713.75 702.25 to 723.20 -1.86% 0.85 times

Technical analysis forecast for Sonata Software 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 Sonata Software Limited SONATSOFTW at this time. Stock is falling and might fall more.

It appears as if Sonata Software Limited SONATSOFTW gave a large move recently.

Stock of Sonata Software Limited (SONATSOFTW) 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 Sonata Software Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 669.8 as stoploss in an intra day buy trade for a target of 702.56. However, stock will show a bearish move below 669.8.

More indepth analysis on MunafaSutra.com