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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: 70.2
  • 12Day Average: 69.76
  • 20Day Average: 66.4
  • 50Day Average: 63.28
  • 100Day Average: 62.6
  • 150Day Average: 61.55
  • 200Day Average: 63.05

SPENCERS Indicators & signals

Indicator MACD (12,26,9)

68.84, 66.5, 2.09
Indicator MACD is in positive zone

Indicator ADX (14)

14.96, 21.16, 15.65
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 61
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
21 Thu Sep 2023 68.90 68.50 to 72.30 -3.97% 0.26 times
20 Wed Sep 2023 71.75 70.00 to 73.40 -0.21% 0.44 times
18 Mon Sep 2023 71.90 69.00 to 72.50 4.96% 0.68 times
15 Fri Sep 2023 68.50 68.10 to 71.25 -2.07% 0.32 times
14 Thu Sep 2023 69.95 69.25 to 72.30 -0.71% 0.43 times
13 Wed Sep 2023 70.45 65.75 to 71.90 7.31% 0.91 times
12 Tue Sep 2023 65.65 65.10 to 71.90 -7.14% 0.62 times
11 Mon Sep 2023 70.70 70.55 to 72.80 -1.33% 0.35 times
08 Fri Sep 2023 71.65 71.00 to 74.50 -1.38% 0.63 times
07 Thu Sep 2023 72.65 69.10 to 74.85 3.71% 2.01 times
06 Wed Sep 2023 70.05 64.90 to 72.50 7.77% 3.62 times
05 Tue Sep 2023 65.00 62.00 to 66.85 -0.23% 0.78 times

Technical analysis forecast of Spencer's Retail Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Spencer's Retail Limited SPENCERS at this time. Stock is rising and might rise more.

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

Stock of Spencer's Retail Limited (SPENCERS) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Spencer's Retail Limited is bullish for shortterm, and stock might move up till 71.9 or till 77.5. Use a stoploss of 67.33 and if this stock hits its stoploss, then it can fall down till 62.72

More indepth analysis on MunafaSutra.com