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EON_BZ NEWS why is Eon Electric Limited price falling or rising

EON_BZ NEWS reasons for why stock price of Eon Electric Limited is falling or rising

EON_BZ Eon Electric is falling or rising technical reasons

Technical analysis forecast for Eon Electric 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 Eon Electric EON_BZ at this time. Stock is falling and might fall more.

It appears as if Eon Electric EON_BZ gave a large move recently.

Stock of Eon Electric (EON_BZ) 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 Eon Electric is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 6.2 as stoploss in an intra day buy trade for a target of 6.91. However, stock will show a bearish move below 6.2.

EON_BZ Eon Electric is falling or rising NEWS fundamental reasons

More announcements and NEWS

EON_BZ Eon Electric Limited current price & indicator signals

Moving Averages for Eon Electric Limited

  • 5Day Average: 6.32
  • 12Day Average: 6.73
  • 20Day Average: 7.16
  • 50Day Average: 7.54

EON_BZ Indicators & signals

Indicator MACD (12,26,9)

6.69, 7.09, -0.37
Indicator MACD is in negative zone

Indicator ADX (14)

14.29, 28.57, 38.1
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 39
Indicator RSI is indicating selling pressure and stock might fall.

Recent prices of EON_BZ Eon Electric Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Mon Oct 2020 6.40 6.40 to 7.00 -4.48% 0.08 times
19 Mon Oct 2020 6.70 6.15 to 6.75 3.88% 2.31 times
12 Mon Oct 2020 6.45 6.25 to 6.45 4.88% 0.89 times
05 Mon Oct 2020 6.15 5.65 to 6.15 4.24% 2.54 times
28 Mon Sep 2020 5.90 5.90 to 6.20 -4.84% 0.73 times
21 Mon Sep 2020 6.20 6.20 to 6.50 -4.62% 0.29 times
14 Mon Sep 2020 6.50 6.50 to 6.60 -4.41% 1.05 times
07 Mon Sep 2020 6.80 6.80 to 7.15 -4.9% 0.04 times
31 Mon Aug 2020 7.15 7.15 to 7.50 -4.67% 0.97 times
24 Mon Aug 2020 7.50 7.20 to 7.50 -0.66% 0.44 times
17 Mon Aug 2020 7.55 7.40 to 7.85 0.67% 0.74 times
10 Mon Aug 2020 7.50 7.45 to 7.50 -3.85% 1.74 times

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EON_BZ NEWS why is Eon Electric Limited price falling or rising

 

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