Stock analysis Tbo Tek Limited TBOTEK

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Moving Averages for Tbo Tek Limited

5Day Average: 1852.31
12Day Average: 1694.95
20Day Average: 1600.2

TBOTEK Indicators & signals

Indicator MACD (12,26,9)

1728.35, 1600.17, 0
Indicator MACD is in positive zone

Indicator ADX (14)

61.39, 32.98, 7.89
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 67
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of TBOTEK Tbo Tek Limited are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
28 Fri Jun 2024	1902.90	1884.40 to 1920.00	0.17%	0.38 times
27 Thu Jun 2024	1899.75	1848.05 to 1917.70	0.28%	0.61 times
26 Wed Jun 2024	1894.40	1834.80 to 1933.00	1.6%	1.04 times
25 Tue Jun 2024	1864.65	1702.00 to 1907.45	9.69%	2.64 times
24 Mon Jun 2024	1699.85	1633.15 to 1764.30	7.04%	3.57 times
21 Fri Jun 2024	1588.10	1572.90 to 1614.00	-0.75%	0.19 times
20 Thu Jun 2024	1600.05	1567.50 to 1612.65	1.12%	0.29 times
19 Wed Jun 2024	1582.30	1553.20 to 1624.95	-1.55%	0.23 times
18 Tue Jun 2024	1607.25	1577.90 to 1625.00	0.04%	0.4 times
14 Fri Jun 2024	1606.60	1575.10 to 1630.65	2.76%	0.7 times
13 Thu Jun 2024	1563.45	1522.30 to 1580.00	2.18%	0.33 times
12 Wed Jun 2024	1530.05	1520.95 to 1579.95	-1.75%	0.4 times

Technical analysis forecast of Tbo Tek 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 Tbo Tek Limited TBOTEK at this time. Stock is rising and might rise more.

It appears as if Tbo Tek Limited TBOTEK gave a large move recently.

Stock of Tbo Tek Limited (TBOTEK) 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 Tbo Tek Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Tbo Tek Limited stays above 1814.8, but if it comes below 1814.8, then a intra day sell could be more profitable.
If you take a sell trade below 1814.8, then use 1814.8 as stoploss and 1648.94 as target. However if you take a buy trade in Tbo Tek Limited, then use 1814.8 as stoploss and 2013.9 as target.

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