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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: 97.04
  • 12Day Average: 100.44
  • 20Day Average: 96.68
  • 50Day Average: 105.68
  • 100Day Average: 105.79
  • 150Day Average: 93.41
  • 200Day Average: 85.57

SPENCERS Indicators & signals

Indicator MACD (12,26,9)

98.37, 99.6, -1.73
Indicator MACD is in negative zone

Indicator ADX (14)

7.08, 19.23, 22.16
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
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
19 Fri Apr 2024 98.80 95.40 to 101.65 0.36% 0.73 times
18 Thu Apr 2024 98.45 95.40 to 100.00 3.2% 0.96 times
16 Tue Apr 2024 95.40 93.55 to 96.95 0.42% 0.56 times
15 Mon Apr 2024 95.00 92.25 to 96.80 -2.61% 0.63 times
12 Fri Apr 2024 97.55 97.00 to 100.75 -2.16% 0.99 times
10 Wed Apr 2024 99.70 99.05 to 102.95 -0.99% 1.07 times
09 Tue Apr 2024 100.70 100.10 to 106.10 -2.61% 1.01 times
08 Mon Apr 2024 103.40 102.65 to 107.25 -2.59% 0.77 times
05 Fri Apr 2024 106.15 104.20 to 107.95 0.57% 1.35 times
04 Thu Apr 2024 105.55 102.20 to 107.05 2.58% 1.56 times
03 Wed Apr 2024 102.90 100.40 to 104.25 1.23% 1.11 times
02 Tue Apr 2024 101.65 96.90 to 103.00 4.1% 1.89 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, and stock might move down till 93.2 or till 86.5. Use a stoploss of 98.86 and if the stock hits stoploss, then it can shoot up till 104.49

More indepth analysis on MunafaSutra.com