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Stock analysis Spacenet Enters Ind Ltd SPCENET

More indepth analysis on MunafaSutra.com

Moving Averages for Spacenet Enters Ind Ltd

  • 5Day Average: 27.43
  • 12Day Average: 27.46
  • 20Day Average: 28.36
  • 50Day Average: 28.43
  • 100Day Average: 31.87
  • 150Day Average: 30.2
  • 200Day Average: 28.37

SPCENET Indicators & signals

Indicator MACD (12,26,9)

27.69, 28.26, -0.58
Indicator MACD is in negative zone

Indicator ADX (14)

6.45, 21.48, 24.44
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 SPCENET Spacenet Enters Ind Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
27 Mon May 2024 27.00 26.75 to 28.30 -4.42% 0.81 times
24 Fri May 2024 28.25 27.60 to 28.75 1.99% 1.02 times
23 Thu May 2024 27.70 26.85 to 27.80 2.59% 1.05 times
22 Wed May 2024 27.00 26.90 to 27.35 -0.74% 0.36 times
21 Tue May 2024 27.20 26.85 to 27.80 -1.27% 1.23 times
18 Sat May 2024 27.55 27.00 to 27.90 1.29% 0.18 times
17 Fri May 2024 27.20 26.80 to 27.60 -0.37% 1.19 times
16 Thu May 2024 27.30 27.10 to 28.35 -2.85% 0.54 times
15 Wed May 2024 28.10 27.80 to 28.80 0% 2.07 times
14 Tue May 2024 28.10 27.00 to 28.40 3.31% 1.23 times
13 Mon May 2024 27.20 26.25 to 27.40 0.93% 1.14 times
10 Fri May 2024 26.95 26.30 to 27.30 0% 2.24 times

Technical analysis forecast for Spacenet Enters Ind Ltd 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 Spacenet Enters Ind Ltd SPCENET at this time. Stock is falling and might fall more.

It appears as if Spacenet Enters Ind Ltd SPCENET gave a large move recently.

Stock of Spacenet Enters Ind Ltd (SPCENET) 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 Spacenet Enters Ind Ltd is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 26.6 as stoploss in an intra day buy trade for a target of 28.01. However, stock will show a bearish move below 26.6.

More indepth analysis on MunafaSutra.com