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Stock analysis Summit Securities Limited SUMMITSEC

More indepth analysis on MunafaSutra.com

Moving Averages for Summit Securities Limited

  • 5Day Average: 2651.05
  • 12Day Average: 2549.25
  • 20Day Average: 2463.98
  • 50Day Average: 2145.29
  • 100Day Average: 1849.44
  • 150Day Average: 1662.8
  • 200Day Average: 1575.66

SUMMITSEC Indicators & signals

Indicator MACD (12,26,9)

2557.1, 2398.81, 149.03
Indicator MACD is in positive zone

Indicator ADX (14)

70.31, 34.08, 5.94
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SUMMITSEC Summit Securities Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
17 Tue Sep 2024 2665.85 2640.70 to 2705.40 -1.11% 0.13 times
16 Mon Sep 2024 2695.85 2660.45 to 2777.90 1.3% 0.32 times
13 Fri Sep 2024 2661.20 2602.00 to 2699.00 1.11% 0.26 times
12 Thu Sep 2024 2631.95 2600.00 to 2684.20 1.21% 0.37 times
11 Wed Sep 2024 2600.40 2562.35 to 2746.00 -4.6% 0.7 times
10 Tue Sep 2024 2725.70 2442.70 to 2798.70 12.48% 6.99 times
09 Mon Sep 2024 2423.20 2374.35 to 2489.95 0.82% 0.26 times
06 Fri Sep 2024 2403.50 2360.00 to 2485.00 -2.37% 0.29 times
05 Thu Sep 2024 2461.85 2426.50 to 2500.00 2.1% 0.29 times
04 Wed Sep 2024 2411.15 2401.00 to 2480.10 -2.67% 0.23 times
03 Tue Sep 2024 2477.20 2419.00 to 2499.20 1.81% 0.31 times
02 Mon Sep 2024 2433.10 2410.20 to 2533.00 1.1% 0.4 times

Technical analysis forecast of Summit Securities 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 Summit Securities Limited SUMMITSEC at this time. Stock is rising and might rise more.

It appears as if Summit Securities Limited SUMMITSEC gave a large move recently.

Stock of Summit Securities Limited (SUMMITSEC) 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 Summit Securities Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Summit Securities Limited stays above 2609.3, but if it comes below 2609.3, then a intra day sell could be more profitable.
If you take a sell trade below 2609.3, then use 2609.3 as stoploss and 2461.54 as target. However if you take a buy trade in Summit Securities Limited, then use 2609.3 as stoploss and 2786.6 as target.

More indepth analysis on MunafaSutra.com