502219 NEWS why is Bororenew price falling or rising

502219 NEWS reasons for why stock price of Bororenew is falling or rising

502219 Bororenew is falling or rising technical reasons

Technical analysis forecast for Bororenew 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 Bororenew 502219 at this time. Stock is falling and might fall more.

It appears as if Bororenew 502219 gave a large move recently.

Stock of Bororenew (502219) 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 Bororenew is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 489.9 as stoploss in an intra day buy trade for a target of 517.56. However, stock will show a bearish move below 489.9.

502219 Bororenew is falling or rising NEWS fundamental reasons

More announcements and NEWS

502219 Bororenew current price & indicator signals

Moving Averages for Bororenew

  • 5Day Average: 509.3
  • 12Day Average: 502.05
  • 20Day Average: 522.12
  • 50Day Average: 547.95
  • 100Day Average: 494.9
  • 150Day Average: 471.57
  • 200Day Average: 477.74

502219 Indicators & signals

Indicator MACD (12,26,9)

509.79, 521.64, -11.37
Indicator MACD is in negative zone

Indicator ADX (14)

30.82, 12.85, 24.29
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 502219 Bororenew are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 498.10 495.55 to 514.90 -1.37% 0.41 times
27 Wed Mar 2024 505.00 502.00 to 524.95 -2.2% 1.09 times
26 Tue Mar 2024 516.35 512.05 to 530.00 -1.37% 0.57 times
22 Fri Mar 2024 523.50 499.55 to 528.80 3.96% 1.33 times
21 Thu Mar 2024 503.55 493.85 to 507.30 3.97% 0.33 times
20 Wed Mar 2024 484.30 478.95 to 504.40 -2.17% 0.38 times
19 Tue Mar 2024 495.05 492.45 to 506.55 0.04% 0.96 times
18 Mon Mar 2024 494.85 491.00 to 510.10 -0.63% 0.3 times
15 Fri Mar 2024 498.00 495.00 to 515.95 -1.98% 0.92 times
14 Thu Mar 2024 508.05 476.75 to 516.00 4.67% 3.27 times
13 Wed Mar 2024 485.40 481.00 to 534.95 -5.28% 0.86 times
12 Tue Mar 2024 512.45 506.90 to 539.20 -3.12% 1.62 times

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502219 NEWS why is Bororenew price falling or rising

 

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