FORGEAUTO_SM NEWS why is Forge Auto Internation L price falling or rising

FORGEAUTO_SM NEWS reasons for why stock price of Forge Auto Internation L is falling or rising

FORGEAUTO_SM Forge Auto is falling or rising technical reasons

Technical analysis forecast for Forge Auto 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 Forge Auto FORGEAUTO_SM at this time. Stock is falling and might fall more.

It appears as if Forge Auto FORGEAUTO_SM gave a large move recently.

Stock of Forge Auto (FORGEAUTO_SM) 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 Forge Auto is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Forge Auto stays below 83.5, but if it comes above 83.5, then a intra day buy could be more profitable.
If you take a sell trade below 83.5, then use 83.5 as stoploss and 80.3 as target. However if you take a buy trade in Forge Auto, then use 83.5 as stoploss and 86.28 as target.

FORGEAUTO_SM Forge Auto is falling or rising NEWS fundamental reasons

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FORGEAUTO_SM Forge Auto Internation L current price & indicator signals

Moving Averages for Forge Auto Internation L

  • 5Day Average: 84.36
  • 12Day Average: 86.19
  • 20Day Average: 86.46

FORGEAUTO_SM Indicators & signals

Indicator MACD (12,26,9)

85.19, 87.19, -1.98
Indicator MACD is in negative zone

Indicator ADX (14)

27.27, 22.95, 40.16
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 41
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of FORGEAUTO_SM Forge Auto Internation L are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Thu Dec 2024 82.25 82.25 to 84.15 -2.26% 1.08 times
23 Mon Dec 2024 84.15 84.00 to 87.90 0.78% 1.08 times
20 Fri Dec 2024 83.50 83.50 to 85.00 -2.85% 0.92 times
19 Thu Dec 2024 85.95 85.90 to 85.95 0% 0.31 times
17 Tue Dec 2024 85.95 82.00 to 87.95 1.54% 0.92 times
16 Mon Dec 2024 84.65 84.00 to 85.00 3.42% 0.62 times
13 Fri Dec 2024 81.85 77.00 to 86.55 -5.43% 3.69 times
12 Thu Dec 2024 86.55 86.55 to 86.55 -1.09% 0.15 times
11 Wed Dec 2024 87.50 86.50 to 87.50 -3.79% 0.46 times
10 Tue Dec 2024 90.95 90.95 to 93.50 0% 0.92 times
09 Mon Dec 2024 90.95 90.00 to 91.50 1.06% 0.92 times
06 Fri Dec 2024 90.00 89.00 to 90.00 1.12% 0.31 times

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FORGEAUTO_SM NEWS why is Forge Auto Internation L price falling or rising

 

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