ALBK NEWS why is Allahabad Bank price falling or rising

ALBK NEWS reasons for why stock price of Allahabad Bank is falling or rising

ALBK Allahabad Bank is falling or rising technical reasons

Technical analysis forecast for Allahabad Bank 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 Allahabad Bank ALBK at this time. Stock is falling and might fall more.

It appears as if Allahabad Bank ALBK gave a large move recently.

Stock of Allahabad Bank (ALBK) 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 Allahabad Bank is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Allahabad Bank stays below 8.3, but if it comes above 8.3, then a intra day buy could be more profitable.
If you take a sell trade below 8.3, then use 8.3 as stoploss and 5.5 as target. However if you take a buy trade in Allahabad Bank, then use 8.3 as stoploss and 10.64 as target.

ALBK Allahabad Bank is falling or rising NEWS fundamental reasons

More announcements and NEWS

ALBK Allahabad Bank current price & indicator signals

Moving Averages for Allahabad Bank

  • 5Day Average: 8.13
  • 12Day Average: 9.5
  • 20Day Average: 10.96
  • 50Day Average: 14.79
  • 100Day Average: 18.6
  • 150Day Average: 22.52
  • 200Day Average: 27.57

ALBK Indicators & signals

Indicator MACD (12,26,9)

9.37, 11.46, -1.91
Indicator MACD is in negative zone

Indicator ADX (14)

60, 11.7, 46.81
Indicator ADX is indicating that momentum is still strong.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 38
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of ALBK Allahabad Bank are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
19 Thu Mar 2020 7.60 7.30 to 7.75 -1.94% 0.6 times
18 Wed Mar 2020 7.75 7.60 to 8.35 -4.32% 0.6 times
17 Tue Mar 2020 8.10 8.00 to 8.70 -3.57% 0.67 times
16 Mon Mar 2020 8.40 8.20 to 8.80 -4.55% 0.57 times
13 Fri Mar 2020 8.80 7.30 to 8.90 8.64% 1.02 times
12 Thu Mar 2020 8.10 7.70 to 8.85 -10.5% 0.89 times
11 Wed Mar 2020 9.05 9.00 to 9.55 -0.55% 0.81 times
09 Mon Mar 2020 9.10 8.80 to 10.40 -15.35% 1.45 times
06 Fri Mar 2020 10.75 10.55 to 11.25 -16.99% 1.86 times
05 Thu Mar 2020 12.95 12.00 to 13.35 7.92% 0.9 times
04 Wed Mar 2020 12.00 11.45 to 13.70 4.8% 1.23 times
03 Tue Mar 2020 11.45 11.20 to 11.55 0.88% 0.3 times

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ALBK NEWS why is Allahabad Bank price falling or rising

 

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