BALCO_ST NEWS why is Solve Plastic Products L price falling or rising

BALCO_ST NEWS reasons for why stock price of Solve Plastic Products L is falling or rising

BALCO_ST Solve Plastic is falling or rising technical reasons

Technical analysis forecast for Solve Plastic 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 Solve Plastic BALCO_ST at this time. Stock is falling and might fall more.

It appears as if Solve Plastic BALCO_ST gave a large move recently.

Stock of Solve Plastic (BALCO_ST) 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 Solve Plastic is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Solve Plastic stays below 47.3, but if it comes above 47.3, then a intra day buy could be more profitable.
If you take a sell trade below 47.3, then use 47.3 as stoploss and 44.2 as target. However if you take a buy trade in Solve Plastic, then use 47.3 as stoploss and 49.87 as target.

BALCO_ST Solve Plastic is falling or rising NEWS fundamental reasons

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BALCO_ST Solve Plastic Products L current price & indicator signals

Moving Averages for Solve Plastic Products L

  • 5Day Average: 48.49
  • 12Day Average: 47.16
  • 20Day Average: 48.33

BALCO_ST Indicators & signals

Indicator MACD (12,26,9)

48.04, 52.29, -5.79
Indicator MACD is in negative zone

Indicator ADX (14)

22.01, 28.05, 43.89
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 40
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of BALCO_ST Solve Plastic Products L are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
11 Wed Dec 2024 46.80 46.80 to 48.90 -1.78% 0.67 times
10 Tue Dec 2024 47.65 46.55 to 48.00 -2.76% 0.83 times
09 Mon Dec 2024 49.00 47.80 to 49.00 0% 1 times
06 Fri Dec 2024 49.00 47.50 to 49.00 -2% 0.5 times
05 Thu Dec 2024 50.00 50.00 to 50.90 3.09% 1.5 times
04 Wed Dec 2024 48.50 46.95 to 48.50 4.98% 2 times
03 Tue Dec 2024 46.20 45.00 to 46.45 -1.07% 1 times
28 Thu Nov 2024 46.70 44.50 to 46.70 4.94% 1.67 times
27 Wed Nov 2024 44.50 44.50 to 44.50 0% 0.17 times
26 Tue Nov 2024 44.50 44.50 to 46.50 -4.3% 0.33 times
22 Fri Nov 2024 46.50 46.00 to 46.95 -0.11% 1 times
21 Thu Nov 2024 46.55 46.55 to 47.20 3.22% 0.67 times

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BALCO_ST NEWS why is Solve Plastic Products L price falling or rising

 

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