ROAD NEWS why is Construction Partners, Inc. price falling or rising

ROAD NEWS reasons for why stock price of Construction Partners, Inc. is falling or rising

ROAD Construction Partners is falling or rising technical reasons

Technical analysis forecast of Construction Partners 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 Construction Partners ROAD at this time. Stock is rising and might rise more.

It appears as if Construction Partners ROAD gave a large move recently.

Stock of Construction Partners (ROAD) 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 Construction Partners is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Construction Partners stays above 65.4, but if it comes below 65.4, then a intra day sell could be more profitable.
If you take a sell trade below 65.4, then use 65.4 as stoploss and 62.42 as target. However if you take a buy trade in Construction Partners, then use 65.4 as stoploss and 69 as target.

ROAD Construction Partners is falling or rising NEWS fundamental reasons

Road accidents have claimed more lives than wars: Nitin Gadkari India faces a significant challenge as road accidents claim more lives than wars and militancy. Road Transport Minister Nitin Gadkari highlighted the need for regular safety audits and improved project reports to address the issue. Collaborative efforts wi - NEWS as on 2024-08-29 indiatimes.com

Single road bids to be considered for highway projects, though with riders: Road ministry In a circular issued by the ministry on Wednesday, lack of competition shall not be determined solely on the basis of the number of bidders. Even when only one bid is submitted, the process should be considered valid, provided the procurement was satisfact - NEWS as on 2024-08-28 indiatimes.com

Revenue growth of road EPCs to slow down to 5-7% by FY26: CRISIL Ratings The operating profitability is supported by a 5 to 17 per cent decline in prices of key raw materials, steel and bitumen, from their peaks in FY22 - NEWS as on 2024-08-27 business-standard.com

Ashoka Buildcon successfully bids for MMRDA road project Powered by Capital Market - Live News - NEWS as on 2024-08-24 business-standard.com

More announcements and NEWS

ROAD Construction Partners, Inc. current price & indicator signals

Moving Averages for Construction Partners, Inc.

  • 5Day Average: 65.1
  • 12Day Average: 63.36
  • 20Day Average: 61.43
  • 50Day Average: 59.09
  • 100Day Average: 57.05
  • 150Day Average: 55.01
  • 200Day Average: 51.93

ROAD Indicators & signals

Indicator MACD (12,26,9)

63.53, 61.79, 1.38
Indicator MACD is in positive zone

Indicator ADX (14)

28.71, 27.66, 15.32
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 50
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ROAD Construction Partners, Inc. are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Fri Aug 2024 65.98 64.36 to 66.14 1.92% 0.65 times
29 Thu Aug 2024 64.74 64.19 to 65.73 0.86% 0.83 times
28 Wed Aug 2024 64.19 64.17 to 65.46 -1.67% 1.51 times
27 Tue Aug 2024 65.28 64.44 to 66.10 -0.02% 1.04 times
26 Mon Aug 2024 65.29 64.45 to 66.50 0.96% 0.95 times
23 Fri Aug 2024 64.67 61.62 to 64.77 4.39% 1.56 times
22 Thu Aug 2024 61.95 61.06 to 62.37 0.31% 0.66 times
21 Wed Aug 2024 61.76 59.88 to 62.05 2.27% 0.7 times
20 Tue Aug 2024 60.39 59.35 to 62.21 -1.95% 1.13 times
19 Mon Aug 2024 61.59 60.97 to 62.23 -0.79% 0.72 times
16 Fri Aug 2024 62.08 61.29 to 63.32 -0.5% 0.9 times
15 Thu Aug 2024 62.39 61.33 to 63.09 2.84% 1.49 times

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