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Stock analysis Supreme Petrochem Limited SPLPETRO

More indepth analysis on MunafaSutra.com

Moving Averages for Supreme Petrochem Limited

  • 5Day Average: 639.32
  • 12Day Average: 651.36
  • 20Day Average: 637.4
  • 50Day Average: 660.73
  • 100Day Average: 611.28
  • 150Day Average: 585.6
  • 200Day Average: 552.11

SPLPETRO Indicators & signals

Indicator MACD (12,26,9)

642.93, 645.54, -2.35
Indicator MACD is in negative zone

Indicator ADX (14)

15.55, 15.4, 21.07
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SPLPETRO Supreme Petrochem Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Fri Apr 2024 640.75 622.55 to 649.00 1.15% 1.65 times
18 Thu Apr 2024 633.45 625.10 to 649.00 -1.05% 0.98 times
16 Tue Apr 2024 640.20 632.45 to 646.70 0.23% 0.63 times
15 Mon Apr 2024 638.75 622.90 to 652.00 -0.73% 0.83 times
12 Fri Apr 2024 643.45 635.05 to 663.00 0.27% 1.61 times
10 Wed Apr 2024 641.70 629.00 to 649.75 0.21% 0.96 times
09 Tue Apr 2024 640.35 636.55 to 660.55 -2.56% 1.03 times
08 Mon Apr 2024 657.15 652.00 to 671.90 -1.68% 0.94 times
05 Fri Apr 2024 668.35 661.70 to 681.15 -1.14% 0.58 times
04 Thu Apr 2024 676.05 655.00 to 681.60 0.2% 1.53 times
03 Wed Apr 2024 674.70 659.25 to 677.00 2% 0.9 times
02 Tue Apr 2024 661.45 652.30 to 670.40 1.32% 1.44 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, and stock might move down till 621.7 or till 594.1. Use a stoploss of 644.68 and if the stock hits stoploss, then it can shoot up till 667.67

More indepth analysis on MunafaSutra.com