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CMICABLES_BE NEWS why is Cmi Limited price falling or rising

CMICABLES_BE NEWS reasons for why stock price of Cmi Limited is falling or rising

CMICABLES_BE Cmi is falling or rising technical reasons

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

It appears as if Cmi CMICABLES_BE gave a large move recently.

Stock of Cmi (CMICABLES_BE) 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 Cmi is bearish for shortterm, and stock might move down till 6.1 or till 4.4. Use a stoploss of 7.51 and if the stock hits stoploss, then it can shoot up till 8.9

CMICABLES_BE Cmi is falling or rising NEWS fundamental reasons

More announcements and NEWS

CMICABLES_BE Cmi Limited current price & indicator signals

Moving Averages for Cmi Limited

  • 5Day Average: 6.46
  • 12Day Average: 6.22
  • 20Day Average: 7.19
  • 50Day Average: 11.05
  • 100Day Average: 19.61
  • 150Day Average: 28.08

CMICABLES_BE Indicators & signals

Indicator MACD (12,26,9)

6.73, 8.22, -1.79
Indicator MACD is in negative zone

Indicator ADX (14)

25.71, 30.95, 52.38
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 CMICABLES_BE Cmi Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
23 Mon Oct 2023 7.05 6.75 to 7.05 4.44% 0.54 times
16 Mon Oct 2023 6.75 6.70 to 6.75 4.65% 1.29 times
09 Mon Oct 2023 6.45 6.45 to 6.45 4.88% 0.35 times
03 Tue Oct 2023 6.15 6.15 to 6.15 4.24% 0.11 times
25 Mon Sep 2023 5.90 5.90 to 5.90 4.42% 0.81 times
18 Mon Sep 2023 5.65 5.15 to 5.65 4.63% 1.26 times
11 Mon Sep 2023 5.40 5.40 to 5.65 -4.42% 2.33 times
04 Mon Sep 2023 5.65 5.65 to 5.65 -5.04% 1.44 times
28 Mon Aug 2023 5.95 5.95 to 6.00 -4.8% 1.13 times
21 Mon Aug 2023 6.25 6.25 to 6.25 -4.58% 0.54 times
14 Mon Aug 2023 6.55 6.55 to 6.55 -5.07% 0.74 times
07 Mon Aug 2023 6.90 6.90 to 6.90 -4.83% 0.26 times

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CMICABLES_BE NEWS why is Cmi Limited price falling or rising

 

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