Stock analysis Techno Elec & Eng Co. Ltd TECHNOE

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Moving Averages for Techno Elec & Eng Co. Ltd

5Day Average: 985.05
12Day Average: 931.73
20Day Average: 887.73
50Day Average: 789.43
100Day Average: 784.52
150Day Average: 711.72
200Day Average: 655.28

TECHNOE Indicators & signals

Indicator MACD (12,26,9)

940.15, 874.73, 53.11
Indicator MACD is in positive zone

Indicator ADX (14)

70.13, 39.77, 6.98
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of TECHNOE Techno Elec & Eng Co. Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
30 Tue Apr 2024	1014.75	994.00 to 1038.50	-0.42%	0.77 times
29 Mon Apr 2024	1019.05	988.00 to 1067.55	5.12%	3.65 times
26 Fri Apr 2024	969.40	965.00 to 982.00	0.12%	0.29 times
25 Thu Apr 2024	968.20	956.25 to 977.85	1.5%	0.27 times
24 Wed Apr 2024	953.85	942.75 to 988.20	0.81%	0.74 times
23 Tue Apr 2024	946.20	942.10 to 984.95	-2.21%	0.49 times
22 Mon Apr 2024	967.55	945.05 to 991.95	4.87%	0.98 times
19 Fri Apr 2024	922.65	917.00 to 946.00	0.66%	0.85 times
18 Thu Apr 2024	916.60	872.55 to 939.00	6.59%	2.04 times
16 Tue Apr 2024	859.95	815.00 to 867.90	4.38%	0.35 times
15 Mon Apr 2024	823.90	791.00 to 844.70	0.64%	0.34 times
12 Fri Apr 2024	818.70	808.50 to 844.95	-0.73%	0.24 times

Technical analysis forecast of Techno Elec & Eng Co. Ltd 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 Techno Elec & Eng Co. Ltd TECHNOE at this time. Stock is rising and might rise more.

It appears as if Techno Elec & Eng Co. Ltd TECHNOE gave a large move recently.

Stock of Techno Elec & Eng Co. Ltd (TECHNOE) 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 Techno Elec & Eng Co. Ltd is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Techno Elec & Eng Co. Ltd stays above 971.3, but if it comes below 971.3, then a intra day sell could be more profitable.
If you take a sell trade below 971.3, then use 971.3 as stoploss and 897.58 as target. However if you take a buy trade in Techno Elec & Eng Co. Ltd, then use 971.3 as stoploss and 1059.8 as target.

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