DIT NEWS why is Amcon Distributing Company price falling or rising

DIT NEWS reasons for why stock price of Amcon Distributing Company is falling or rising

DIT Amcon Distributing is falling or rising technical reasons

Technical analysis forecast for Amcon Distributing 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 Amcon Distributing DIT at this time. Stock is falling and might fall more.

It appears as if Amcon Distributing DIT gave a large move recently.

Stock of Amcon Distributing (DIT) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Amcon Distributing is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Amcon Distributing stays below 186.7, but if it comes above 186.7, then a intra day buy could be more profitable.
If you take a sell trade below 186.7, then use 186.7 as stoploss and 180.9 as target. However if you take a buy trade in Amcon Distributing, then use 186.7 as stoploss and 191.53 as target.

DIT Amcon Distributing is falling or rising NEWS fundamental reasons

Non-food bank credit registered growth of 16.5% in February 2024 RBI released today data on sectoral deployment of bank credit for the month of February 20241 collected from 41 select scheduled commercial banks, accounting for about 95 per cent of the total non-food credit deployed by all scheduled commercial banks. On - NEWS as on 2024-03-28 business-standard.com

ICRA upgrades credit ratings of V2 Retail to 'BBB'; maintains 'stable' outlook V2 Retail said that the credit rating agency ICRA has upgraded its rating on the company's fund-based - working capital facilities to '[ICRA] BBB' from '[ICRA] BBB-' with 'stable' outlook. - NEWS as on 2024-03-27 business-standard.com

Is Reddit Really Like Pinterest? In this podcast, Motley Fool analyst Jason Moser and host Deidre Woollard discuss: - NEWS as on 2024-03-26 nasdaq.com

Banks get ready to count int'l credit card spend in liberalised remittance scheme Under the belief that reissuing the specific notification may not go against the model code of conduct, many banks are preparing to integrate their systems with the RBI’s for capturing the card spend information of individual customers during personal fo - NEWS as on 2024-03-25 indiatimes.com

RBI to conduct special audit for regulatory breaches by IIFL Finance, JM Financial Products The Reserve Bank of India has initiated special audits for IIFL Finance Ltd and JM Financial Products Ltd to further investigate regulatory breaches. The audits will be conducted by auditors appointed through a tender process, with firms empanelled by Sebi - NEWS as on 2024-03-24 indiatimes.com

Vedanta receives affirmation in credit ratings Powered by Capital Market - Live News - NEWS as on 2024-03-23 business-standard.com

Young Indians' online purchases pay off for credit card companies Credit card transactions jumped 30% to ₹1.7 lakh crore in January, with ecommerce and bill payments driving the surge. The younger generation's online purchases, benefitting from schemes like BNPL and EMIs, defied regulatory restrictions. - NEWS as on 2024-03-23 indiatimes.com

Cibil score: How it tracks your credit history, how to improve your record Reserve Bank of India has mandated all banks to check customers' credit scores for loan or credit card applications. - NEWS as on 2024-03-22 business-standard.com

SpiceJet cleared all outstanding dues: Credit Suisse tells Supreme Court Credit Suisse and SpiceJet have been entangled in a legal conflict since 2015 over outstanding debts of approximately million - NEWS as on 2024-03-22 business-standard.com

Reddit to make stock market debut today, prices IPO at / share Reddit and its eclectic bazaar of online communities is ready to plumb high-stakes territory the stock market. The company said on Wednesday that it had priced its IPO at USD 34 a share. Shares will begin trading today on the New York Stock Exchange under - NEWS as on 2024-03-21 business-standard.com

After Reddit IPO, clock is ticking on CEO’s ‘strange’ bet on stock’s performance - NEWS as on 2024-03-21 marketwatch.com

Reddit reportedly prices IPO at a share, at high end of its target range - NEWS as on 2024-03-20 marketwatch.com

More announcements and NEWS

DIT Amcon Distributing Company current price & indicator signals

Moving Averages for Amcon Distributing Company

  • 5Day Average: 187.82
  • 12Day Average: 189.3
  • 20Day Average: 192.72
  • 50Day Average: 196.49
  • 100Day Average: 191.27
  • 150Day Average: 194.03
  • 200Day Average: 199.38

DIT Indicators & signals

Indicator MACD (12,26,9)

189.62, 192.41, -2.01
Indicator MACD is in negative zone

Indicator ADX (14)

35.57, 15.24, 32.06
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 46
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of DIT Amcon Distributing Company are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 184.00 182.31 to 187.00 -1.61% 0.26 times
27 Wed Mar 2024 187.01 187.01 to 187.05 -1.05% 0.26 times
26 Tue Mar 2024 189.00 185.00 to 192.77 1.56% 0.53 times
25 Mon Mar 2024 186.10 186.10 to 197.77 -3.58% 0.26 times
22 Fri Mar 2024 193.01 185.00 to 193.01 1.48% 1.84 times
21 Thu Mar 2024 190.20 190.20 to 192.20 -0.94% 0.79 times
20 Wed Mar 2024 192.00 190.00 to 192.00 1.21% 1.05 times
19 Tue Mar 2024 189.70 189.70 to 195.99 1.44% 1.05 times
18 Mon Mar 2024 187.01 187.01 to 197.98 -2.6% 0.26 times
15 Fri Mar 2024 192.00 185.27 to 192.00 0.37% 0.79 times
14 Thu Mar 2024 191.30 171.00 to 194.80 0.57% 3.16 times
13 Wed Mar 2024 190.21 190.21 to 190.21 -2.95% 0.26 times

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DIT NEWS why is Amcon Distributing Company price falling or rising

 

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