SUMIT_BE NEWS why is Sumit Woods Limited price falling or rising

SUMIT_BE NEWS reasons for why stock price of Sumit Woods Limited is falling or rising

SUMIT_BE Sumit Woods is falling or rising technical reasons

Technical analysis forecast of Sumit Woods 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 Sumit Woods SUMIT_BE at this time. Stock is rising and might rise more.

It appears as if Sumit Woods SUMIT_BE gave a large move recently.

Stock of Sumit Woods (SUMIT_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 Sumit Woods is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 73.7 as stoploss in an intra day sell trade for a target of 68.29. However, stock will show a bullish move above 73.7.

SUMIT_BE Sumit Woods is falling or rising NEWS fundamental reasons

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SUMIT_BE Sumit Woods Limited current price & indicator signals

Moving Averages for Sumit Woods Limited

  • 5Day Average: 71.68
  • 12Day Average: 71.07
  • 20Day Average: 67.29
  • 50Day Average: 61.9
  • 100Day Average: 52.35
  • 150Day Average: 45.15
  • 200Day Average: 42.48

SUMIT_BE Indicators & signals

Indicator MACD (12,26,9)

70.18, 67.01, 3.06
Indicator MACD is in positive zone

Indicator ADX (14)

20.59, 34.36, 22.63
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SUMIT_BE Sumit Woods Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Apr 2024 72.30 70.15 to 72.90 0.42% 0.76 times
25 Thu Apr 2024 72.00 70.00 to 72.00 2.06% 1.09 times
24 Wed Apr 2024 70.55 70.35 to 71.95 -2.08% 0.64 times
23 Tue Apr 2024 72.05 71.00 to 73.75 0.77% 0.71 times
22 Mon Apr 2024 71.50 68.20 to 71.90 1.92% 0.52 times
19 Fri Apr 2024 70.15 69.45 to 72.50 -4.04% 1.44 times
18 Thu Apr 2024 73.10 71.25 to 75.00 1.81% 1.03 times
16 Tue Apr 2024 71.80 70.00 to 72.55 1.7% 0.5 times
15 Mon Apr 2024 70.60 68.65 to 71.70 -2.28% 0.93 times
12 Fri Apr 2024 72.25 72.25 to 74.95 -5% 1.06 times
10 Wed Apr 2024 76.05 76.05 to 78.90 25.7% 2.08 times
07 Thu Mar 2024 60.50 57.55 to 62.30 0.75% 2.04 times

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SUMIT_BE NEWS why is Sumit Woods Limited price falling or rising

 

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