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MAGMA_BE NEWS why is Magma Fincorp Limited price falling or rising

MAGMA_BE NEWS reasons for why stock price of Magma Fincorp Limited is falling or rising

MAGMA_BE Magma Fincorp is falling or rising technical reasons

Technical analysis forecast of Magma Fincorp Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Magma Fincorp MAGMA_BE at this time. Stock is rising and might rise more.

It appears as if Magma Fincorp MAGMA_BE gave a large move recently.

Stock of Magma Fincorp (MAGMA_BE) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Magma Fincorp is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 173.2 as stoploss in an intra day sell trade for a target of 163.4. However, stock will show a bullish move above 173.2.

MAGMA_BE Magma Fincorp is falling or rising NEWS fundamental reasons

More announcements and NEWS

MAGMA_BE Magma Fincorp Limited current price & indicator signals

Moving Averages for Magma Fincorp Limited

  • 5Day Average: 173.6
  • 12Day Average: 163.6
  • 20Day Average: 161.26

MAGMA_BE Indicators & signals

Indicator MACD (12,26,9)

166.7, 161.6, 3.64
Indicator MACD is in positive zone

Indicator ADX (14)

15.97, 25.27, 18.32
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 57
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MAGMA_BE Magma Fincorp Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Wed Aug 2021 169.50 167.00 to 174.00 -1.57% 0.33 times
03 Tue Aug 2021 172.20 165.30 to 174.05 -0.26% 0.29 times
02 Mon Aug 2021 172.65 167.50 to 178.70 -0.49% 0.76 times
30 Fri Jul 2021 173.50 171.15 to 185.00 -3.69% 1.8 times
29 Thu Jul 2021 180.15 177.80 to 184.05 2.77% 1.48 times
28 Wed Jul 2021 175.30 163.00 to 175.75 4.72% 1.69 times
27 Tue Jul 2021 167.40 160.00 to 167.40 4.99% 2.38 times
26 Mon Jul 2021 159.45 159.45 to 159.45 4.97% 0.54 times
23 Fri Jul 2021 151.90 148.00 to 151.90 4.98% 0.28 times
22 Thu Jul 2021 144.70 144.00 to 148.85 0.17% 0.35 times
20 Tue Jul 2021 144.45 144.45 to 154.80 -5% 0.43 times
19 Mon Jul 2021 152.05 149.30 to 155.80 -1.81% 0.19 times

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MAGMA_BE NEWS why is Magma Fincorp Limited price falling or rising

 

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