SHAH_BE NEWS why is Shah Metacorp Limited price falling or rising

SHAH_BE NEWS reasons for why stock price of Shah Metacorp Limited is falling or rising

SHAH_BE Shah Metacorp is falling or rising technical reasons

Technical analysis forecast for Shah Metacorp 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 Shah Metacorp SHAH_BE at this time. Stock is falling and might fall more.

It appears as if Shah Metacorp SHAH_BE gave a large move recently.

Stock of Shah Metacorp (SHAH_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 Shah Metacorp is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Shah Metacorp stays below 4.2, but if it comes above 4.2, then a intra day buy could be more profitable.
If you take a sell trade below 4.2, then use 4.2 as stoploss and 3.8 as target. However if you take a buy trade in Shah Metacorp, then use 4.2 as stoploss and 4.59 as target.

SHAH_BE Shah Metacorp is falling or rising NEWS fundamental reasons

More announcements and NEWS

SHAH_BE Shah Metacorp Limited current price & indicator signals

Moving Averages for Shah Metacorp Limited

  • 5Day Average: 4.2
  • 12Day Average: 4.51
  • 20Day Average: 4.67
  • 50Day Average: 4.9
  • 100Day Average: 4.85

SHAH_BE Indicators & signals

Indicator MACD (12,26,9)

4.43, 4.66, -0.16
Indicator MACD is in negative zone

Indicator ADX (14)

0, 43.75, 43.75
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 60
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHAH_BE Shah Metacorp Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
22 Fri Nov 2024 4.02 4.02 to 4.05 -2.19% 0.88 times
21 Thu Nov 2024 4.11 4.11 to 4.11 -2.14% 2.46 times
19 Tue Nov 2024 4.20 4.20 to 4.29 -2.1% 1.17 times
18 Mon Nov 2024 4.29 4.29 to 4.29 -2.05% 0.61 times
14 Thu Nov 2024 4.38 4.38 to 4.38 -2.01% 0.7 times
13 Wed Nov 2024 4.47 4.47 to 4.47 -2.19% 0.71 times
12 Tue Nov 2024 4.57 4.57 to 4.67 -2.14% 0.49 times
11 Mon Nov 2024 4.67 4.67 to 4.68 -2.1% 1.16 times
08 Fri Nov 2024 4.77 4.75 to 4.84 -1.65% 0.72 times
07 Thu Nov 2024 4.85 4.84 to 4.88 0.21% 0.72 times
06 Wed Nov 2024 4.84 4.83 to 4.85 -1.83% 1.26 times
05 Tue Nov 2024 4.93 4.93 to 4.93 -2.18% 0.7 times

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SHAH_BE NEWS why is Shah Metacorp Limited price falling or rising

 

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