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Stock analysis Stove Kraft Limited STOVEKRAFT

More indepth analysis on MunafaSutra.com

Moving Averages for Stove Kraft Limited

  • 5Day Average: 436.24
  • 12Day Average: 453.39
  • 20Day Average: 454.33
  • 50Day Average: 419.34
  • 100Day Average: 434.82
  • 150Day Average: 484.16
  • 200Day Average: 527.41

STOVEKRAFT Indicators & signals

Indicator MACD (12,26,9)

444.66, 442.54, 8.24
Indicator MACD is in positive zone

Indicator ADX (14)

5.2, 22.15, 24.58
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 STOVEKRAFT Stove Kraft Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
08 Thu Jun 2023 430.05 428.05 to 439.95 -2.18% 0.66 times
07 Wed Jun 2023 439.65 437.55 to 443.25 0.03% 0.42 times
06 Tue Jun 2023 439.50 431.90 to 442.45 1.24% 0.39 times
05 Mon Jun 2023 434.10 432.10 to 441.00 -0.87% 0.42 times
02 Fri Jun 2023 437.90 435.55 to 445.85 -0.27% 0.51 times
01 Thu Jun 2023 439.10 425.00 to 443.00 3.74% 1.16 times
31 Wed May 2023 423.25 421.00 to 437.00 -3.31% 1.14 times
30 Tue May 2023 437.75 435.00 to 459.00 -12.35% 3.64 times
29 Mon May 2023 499.45 481.00 to 507.40 4.18% 1.15 times
26 Fri May 2023 479.40 476.85 to 493.50 -2.6% 0.43 times
25 Thu May 2023 492.20 480.40 to 496.95 0.8% 0.75 times
24 Wed May 2023 488.30 465.80 to 491.60 3.46% 0.81 times

Technical analysis forecast for Stove Kraft 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 Stove Kraft Limited STOVEKRAFT at this time. Stock is falling and might fall more.

It appears as if Stove Kraft Limited STOVEKRAFT gave a large move recently.

Stock of Stove Kraft Limited (STOVEKRAFT) 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 Stove Kraft Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 421.9 as stoploss in an intra day buy trade for a target of 444.86. However, stock will show a bearish move below 421.9.

More indepth analysis on MunafaSutra.com