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Stock analysis Spencer's Retail Limited SPENCERS

More indepth analysis on MunafaSutra.com

Moving Averages for Spencer's Retail Limited

  • 5Day Average: 81.86
  • 12Day Average: 86.53
  • 20Day Average: 88.63
  • 50Day Average: 96.02
  • 100Day Average: 93.31
  • 150Day Average: 92.63
  • 200Day Average: 95.72

SPENCERS Indicators & signals

Indicator MACD (12,26,9)

85.39, 89.43, -3.3
Indicator MACD is in negative zone

Indicator ADX (14)

31.74, 13.67, 26.38
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SPENCERS Spencer's Retail Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
22 Fri Nov 2024 81.18 79.75 to 82.03 0.38% 1.01 times
21 Thu Nov 2024 80.87 80.01 to 83.40 -2.87% 0.39 times
19 Tue Nov 2024 83.26 81.01 to 84.90 1.98% 0.49 times
18 Mon Nov 2024 81.64 79.81 to 83.34 -0.87% 1.01 times
14 Thu Nov 2024 82.36 82.01 to 84.99 -0.4% 0.69 times
13 Wed Nov 2024 82.69 82.15 to 87.44 -4.7% 0.75 times
12 Tue Nov 2024 86.77 86.10 to 89.50 -1.2% 0.47 times
11 Mon Nov 2024 87.82 87.57 to 90.80 -3.04% 1.18 times
08 Fri Nov 2024 90.57 89.44 to 95.65 -4.64% 1.05 times
07 Thu Nov 2024 94.98 92.10 to 97.27 1.43% 1.91 times
06 Wed Nov 2024 93.64 90.32 to 98.00 1.14% 2.06 times
05 Tue Nov 2024 92.58 90.68 to 92.90 0.71% 0.5 times

Technical analysis forecast for Spencer's Retail 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 Spencer's Retail Limited SPENCERS at this time. Stock is falling and might fall more.

It appears as if Spencer's Retail Limited SPENCERS gave a large move recently.

Stock of Spencer's Retail Limited (SPENCERS) 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 Spencer's Retail Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Spencer's Retail Limited stays below 83.1, but if it comes above 83.1, then a intra day buy could be more profitable.
If you take a sell trade below 83.1, then use 83.1 as stoploss and 77.2 as target. However if you take a buy trade in Spencer's Retail Limited, then use 83.1 as stoploss and 87.98 as target.

More indepth analysis on MunafaSutra.com