Stock analysis Supreme Petrochem Limited SPLPETRO
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Recent prices of SPLPETRO Supreme Petrochem Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 20 Fri Dec 2024 | 709.80 | 696.80 to 718.70 | 0.95% | 0.79 times |
| 19 Thu Dec 2024 | 703.15 | 697.55 to 722.15 | -2.22% | 0.68 times |
| 18 Wed Dec 2024 | 719.15 | 700.00 to 740.00 | 0% | 1.43 times |
| 18 Wed Dec 2024 | 719.15 | 700.00 to 740.00 | 1.23% | 1.43 times |
| 17 Tue Dec 2024 | 710.40 | 705.00 to 734.45 | -2.79% | 1.2 times |
| 16 Mon Dec 2024 | 730.80 | 726.00 to 757.50 | -3.03% | 1.19 times |
| 13 Fri Dec 2024 | 753.65 | 734.75 to 767.45 | -1.97% | 1.18 times |
| 12 Thu Dec 2024 | 768.80 | 761.55 to 781.70 | -0.77% | 0.28 times |
| 11 Wed Dec 2024 | 774.80 | 757.50 to 780.70 | -0.12% | 0.55 times |
| 10 Tue Dec 2024 | 775.75 | 763.20 to 796.85 | 0.25% | 1.02 times |
| 09 Mon Dec 2024 | 773.85 | 760.35 to 789.90 | 2.26% | 1.04 times |
| 06 Fri Dec 2024 | 756.75 | 752.10 to 778.85 | -1.25% | 0.71 times |
Technical analysis forecast for Supreme Petrochem 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 Supreme Petrochem Limited SPLPETRO at this time. Stock is falling and might fall more.
It appears as if Supreme Petrochem Limited SPLPETRO gave a large move recently.
Stock of Supreme Petrochem Limited (SPLPETRO) 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 Supreme Petrochem Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 706.6 as stoploss in an intra day buy trade for a target of 732.8. However, stock will show a bearish move below 706.6.