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NSE Stock METALFORGE Historical charts - METALYST FORGINGS INR10

Historical charts for Stock METALFORGE - Share METALYST FORGINGS INR10 trades in NSE under Other Industrial Products

Moving Averages for

  • 5Day Average: 5.68
  • 12Day Average: 5.58
  • 20Day Average: 5.66
  • 50Day Average: 5.2
  • 100Day Average: 4.92
  • 150Day Average: 5.02

METALFORGE Indicators & signals

Indicator MACD (12,26,9)

5.61, 5.46, 0.2
Indicator MACD is in positive zone

Indicator ADX (14)

11.11, 39.47, 31.58
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 42
Indicator RSI is indicating buying momentum and stock might rise.

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

Date Close Range Change % Volume
24 Wed Feb 2021 5.30 5.30 to 5.55 -4.5% 0.61 times
23 Tue Feb 2021 5.55 5.40 to 5.65 -1.77% 0.73 times
22 Mon Feb 2021 5.65 5.65 to 5.90 -4.24% 0.6 times
19 Fri Feb 2021 5.90 5.70 to 6.00 -1.67% 1.43 times
18 Thu Feb 2021 6.00 6.00 to 6.60 -4.76% 2.86 times
17 Wed Feb 2021 6.30 6.30 to 6.30 5% 0.86 times
16 Tue Feb 2021 6.00 6.00 to 6.00 4.35% 1.08 times
15 Mon Feb 2021 5.75 5.75 to 5.75 4.55% 0.27 times
12 Fri Feb 2021 5.50 5.50 to 5.50 4.76% 0.34 times
11 Thu Feb 2021 5.25 5.25 to 5.25 5% 0.65 times
10 Wed Feb 2021 5.00 5.00 to 5.00 4.17% 1.16 times
09 Tue Feb 2021 4.80 4.80 to 4.80 4.35% 0.09 times

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

It appears as if METALFORGE METALFORGE gave a large move recently.

Stock of METALFORGE (METALFORGE) 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 METALFORGE is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 5.1 as stoploss in an intra day buy trade for a target of 5.52. However, stock will show a bearish move below 5.1.

Tomorrow's movement Prediction of METALFORGE appears strongly Bearish. This stock started falling as soon as it opened and never recovered during the session. Generally this happens when there is a negative sentiment following the stock, making it unattractive. There's a good chance that this downfall will continue tomorrow as well. However, if it manages to close higher than where it opened today, then there might be a chance of reversal.

Tomorrow's movement Prediction of METALFORGE is bearish. The stock has broken weekly support. An up move can be expected only after it starts trading above 5.8

Munafa value: 25

If this Munafa value is near or nearing 100, then this stock might show an upward movement. However, if this value is near or nearing 10, then this stock might very well show a downward movement.

If the Munafa value is near 50, then the stock might show a sideways movement.

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NSE Stock METALFORGE Historical charts - Share METALYST FORGINGS INR10

 

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