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Stock analysis Sundaram Multi Pap Limited SUNDARAM

More indepth analysis on MunafaSutra.com

Moving Averages for Sundaram Multi Pap Limited

  • 5Day Average: 3.16
  • 12Day Average: 3.21
  • 20Day Average: 3.17
  • 50Day Average: 3.11
  • 100Day Average: 2.82
  • 150Day Average: 2.63
  • 200Day Average: 2.56

SUNDARAM Indicators & signals

Indicator MACD (12,26,9)

3.17, 3.13, 0.05
Indicator MACD is in positive zone

Indicator ADX (14)

0, 36.84, 36.84
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 56
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SUNDARAM Sundaram Multi Pap Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Tue Apr 2024 3.10 3.10 to 3.25 -3.13% 0.39 times
29 Mon Apr 2024 3.20 3.15 to 3.25 1.59% 1.05 times
26 Fri Apr 2024 3.15 3.10 to 3.20 0% 0.4 times
25 Thu Apr 2024 3.15 3.10 to 3.20 -1.56% 0.43 times
24 Wed Apr 2024 3.20 3.15 to 3.30 0% 0.49 times
23 Tue Apr 2024 3.20 3.15 to 3.30 -1.54% 0.82 times
22 Mon Apr 2024 3.25 3.10 to 3.30 3.17% 0.76 times
19 Fri Apr 2024 3.15 3.05 to 3.20 0% 1.04 times
18 Thu Apr 2024 3.15 3.15 to 3.40 -3.08% 0.91 times
16 Tue Apr 2024 3.25 3.20 to 3.35 0% 0.83 times
15 Mon Apr 2024 3.25 3.15 to 3.45 -5.8% 3.25 times
12 Fri Apr 2024 3.45 3.25 to 3.70 4.55% 10.67 times

Technical analysis forecast for Sundaram Multi Pap 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 Sundaram Multi Pap Limited SUNDARAM at this time. Stock is falling and might fall more.

It appears as if Sundaram Multi Pap Limited SUNDARAM gave a large move recently.

Stock of Sundaram Multi Pap Limited (SUNDARAM) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Sundaram Multi Pap Limited is bearish for shortterm, and stock might move down till 3 or till 2.9. Use a stoploss of 3.15 and if the stock hits stoploss, then it can shoot up till 3.27

More indepth analysis on MunafaSutra.com