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Stock analysis Sumit Woods Limited SUMIT

More indepth analysis on MunafaSutra.com

Moving Averages for Sumit Woods Limited

  • 5Day Average: 49.76
  • 12Day Average: 43.2
  • 20Day Average: 38.18
  • 50Day Average: 31.92
  • 100Day Average: 21.18
  • 150Day Average: 18.19
  • 200Day Average: 17.12

SUMIT Indicators & signals

Indicator MACD (12,26,9)

44.57, 38.67, 4.28
Indicator MACD is in positive zone

Indicator ADX (14)

78.95, 56.2, 6.61
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 69
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SUMIT Sumit Woods Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
06 Wed Dec 2023 54.70 49.60 to 54.70 4.99% 3.76 times
05 Tue Dec 2023 52.10 52.10 to 52.10 4.93% 0.35 times
04 Mon Dec 2023 49.65 49.65 to 49.65 4.97% 0.16 times
01 Fri Dec 2023 47.30 47.30 to 47.30 4.99% 2.67 times
30 Thu Nov 2023 45.05 45.05 to 45.05 4.89% 0.22 times
29 Wed Nov 2023 42.95 42.95 to 42.95 4.88% 0.24 times
28 Tue Nov 2023 40.95 37.90 to 40.95 5% 3.44 times
24 Fri Nov 2023 39.00 38.10 to 39.55 3.45% 0.93 times
23 Thu Nov 2023 37.70 35.00 to 37.70 4.87% 0.8 times
22 Wed Nov 2023 35.95 34.85 to 37.65 -1.91% 0.45 times
21 Tue Nov 2023 36.65 36.10 to 38.20 0.69% 0.75 times
20 Mon Nov 2023 36.40 33.75 to 36.90 3.56% 1.59 times

Technical analysis forecast of Sumit Woods 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 Sumit Woods Limited SUMIT at this time. Stock is rising and might rise more.

It appears as if Sumit Woods Limited SUMIT gave a large move recently.

Stock of Sumit Woods Limited (SUMIT) 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 Sumit Woods Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Sumit Woods Limited stays above 48.8, but if it comes below 48.8, then a intra day sell could be more profitable.
If you take a sell trade below 48.8, then use 48.8 as stoploss and 40.78 as target. However if you take a buy trade in Sumit Woods Limited, then use 48.8 as stoploss and 58.3 as target.

More indepth analysis on MunafaSutra.com