539407 NEWS why is Gencon price falling or rising

539407 NEWS reasons for why stock price of Gencon is falling or rising

539407 Gencon is falling or rising technical reasons

Technical analysis forecast for Gencon 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 Gencon 539407 at this time. Stock is falling and might fall more.

It appears as if Gencon 539407 gave a large move recently.

Stock of Gencon (539407) 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 Gencon is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Gencon stays below 38.7, but if it comes above 38.7, then a intra day buy could be more profitable.
If you take a sell trade below 38.7, then use 38.7 as stoploss and 33.9 as target. However if you take a buy trade in Gencon, then use 38.7 as stoploss and 42.63 as target.

539407 Gencon is falling or rising NEWS fundamental reasons

More announcements and NEWS

539407 Gencon current price & indicator signals

Moving Averages for Gencon

  • 5Day Average: 39.31
  • 12Day Average: 40.14
  • 20Day Average: 43.11
  • 50Day Average: 48.66
  • 100Day Average: 45.87
  • 150Day Average: 46.62
  • 200Day Average: 47.87

539407 Indicators & signals

Indicator MACD (12,26,9)

40.7, 43.7, -2.7
Indicator MACD is in negative zone

Indicator ADX (14)

39.58, 11.46, 26.48
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 47
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of 539407 Gencon are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 37.64 37.35 to 39.95 -3.11% 1.76 times
27 Wed Mar 2024 38.85 38.55 to 41.69 -2.17% 3.38 times
26 Tue Mar 2024 39.71 38.70 to 40.85 -1.46% 2 times
22 Fri Mar 2024 40.30 39.10 to 40.87 0.57% 0.56 times
21 Thu Mar 2024 40.07 38.24 to 40.97 2.69% 1.64 times
20 Wed Mar 2024 39.02 38.30 to 40.77 -1.59% 0.54 times
19 Tue Mar 2024 39.65 39.50 to 40.95 -0.25% 0.4 times
18 Mon Mar 2024 39.75 39.21 to 41.00 -3.68% 0.52 times
15 Fri Mar 2024 41.27 40.35 to 43.80 -2.73% 0.13 times
14 Thu Mar 2024 42.43 39.40 to 42.43 5% 0.4 times
13 Wed Mar 2024 40.41 40.41 to 43.00 -4.98% 0.43 times
12 Tue Mar 2024 42.53 42.42 to 43.95 -4.75% 0.23 times

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