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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: 80.68
  • 12Day Average: 81.09
  • 20Day Average: 83.26
  • 50Day Average: 86.48
  • 100Day Average: 92.35
  • 150Day Average: 99.32
  • 200Day Average: 94.14

SPENCERS Indicators & signals

Indicator MACD (12,26,9)

81.73, 83.87, -2.26
Indicator MACD is in negative zone

Indicator ADX (14)

17.65, 13.08, 18.69
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
26 Fri Jul 2024 82.38 81.51 to 84.00 -0.51% 0.55 times
25 Thu Jul 2024 82.80 78.99 to 83.90 3.6% 0.71 times
24 Wed Jul 2024 79.92 77.42 to 81.79 0.99% 0.79 times
23 Tue Jul 2024 79.14 75.00 to 80.48 0% 1.05 times
23 Tue Jul 2024 79.14 75.00 to 80.48 0.52% 1.05 times
22 Mon Jul 2024 78.73 76.00 to 79.88 1.48% 0.63 times
19 Fri Jul 2024 77.58 76.50 to 81.84 -3.57% 0.92 times
18 Thu Jul 2024 80.45 79.11 to 83.95 -3.68% 1.04 times
16 Tue Jul 2024 83.52 83.20 to 87.10 0.07% 2.33 times
15 Mon Jul 2024 83.46 83.00 to 85.90 1.78% 0.76 times
12 Fri Jul 2024 82.00 81.75 to 84.99 -2.29% 0.72 times
11 Thu Jul 2024 83.92 83.55 to 85.12 -0.15% 0.63 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 79.5 or till 75.3. Use a stoploss of 83 and if the stock hits stoploss, then it can shoot up till 86.51

More indepth analysis on MunafaSutra.com