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(RamaPetro) Rama Petro complete technical analysis [charts+indicators] | Buy/Sell Rama Petro | (RamaPetro) share price targets

Complete technical analysis of Rama Petro (RamaPetro) by charts plus indicators, forecast predictions and share price targets for Rama Petro (RamaPetro)

10 day averaged volume of Rama Petro is 1246

Date Daily Closing Price Open High Low Volume
17 Fri Sep 2021 2.58 2.58 2.58 2.58 0.803 times
16 Thu Sep 2021 2.58 2.80 2.80 2.58 0.209 times
15 Wed Sep 2021 2.71 2.85 2.85 2.71 0.081 times
14 Tue Sep 2021 2.85 2.83 2.85 2.83 1.204 times
13 Mon Sep 2021 2.83 2.83 2.83 2.83 0.649 times
09 Thu Sep 2021 2.70 2.57 2.70 2.57 5.26 times
08 Wed Sep 2021 2.70 2.70 2.70 2.70 0.161 times
07 Tue Sep 2021 2.81 2.81 2.81 2.81 0.562 times
03 Fri Sep 2021 2.81 2.81 2.81 2.81 1.613 times
02 Thu Sep 2021 2.95 2.95 2.95 2.95 0.02 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.7, but if it comes above 2.7, then a intra day buy could be more profitable.
If you take a sell trade below 2.7, then use 2.7 as stoploss and 2.3 as target. However if you take a buy trade in stock , then use 2.7 as stoploss and 3.05 as target.

Share price targets for Rama Petro (RamaPetro)

Target Type Value
Downside Target 2.35
Downside Target 2.57
Upside Target 2.81
Upside Target 3.00
Upside Target 3.10
Upside Target 3.23
Upside Target 3.45
Upside Target 3.50
Upside Target 3.59
Upside Target 3.95
Upside Target 4.15
Upside Target 4.77
Upside Target 5.55

Intraday share price targets for Rama Petro (RamaPetro)

Target Type Value
Downside Intraday Target 2.49
Downside Intraday Target 2.4
Upside Intraday Target 2.76
Upside Intraday Target 2.94
Upside Intraday Target 2.67

Weekly technical analysis of Rama Petro (RamaPetro)

Date Weekly Closing Price Open High Low Volume
17 Fri Sep 2021 2.58 2.83 2.85 2.58 0.492 times
09 Thu Sep 2021 2.70 2.81 2.81 2.57 3.02 times
03 Fri Sep 2021 2.81 3.12 3.12 2.81 1.048 times
27 Fri Aug 2021 3.28 3.45 3.45 3.28 1.978 times
18 Wed Aug 2021 3.50 3.40 3.50 3.23 0.459 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Rama Petro (RamaPetro)

Date Monthly Closing Price Open High Low Volume
17 Fri Sep 2021 2.58 3.10 3.10 2.57 2.146 times
31 Tue Aug 2021 3.12 3.95 3.95 3.12 0.141 times
15 Thu Jul 2021 4.15 4.70 5.55 4.15 0.48 times
30 Wed Jun 2021 4.70 3.59 4.77 3.00 2.769 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Rama Petro (RamaPetro)

Indicator Name Indicator Value Indicator Signal
ADX 45, 73, 23 Sell
MACD -1, -1Sell
Stochastics 10Sell
CCI -133Sell
RSI 52Buy
OBV -2164Sell
VWAP 3Sell
ADL 0Sell
ROC -17Sell
Force Index 0Sell

Price action analysis of Rama Petro ( (RamaPetro) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Rama Petro ( (RamaPetro) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Rama Petro ( (RamaPetro) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Rama Petro ( (RamaPetro) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Rama Petro stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Rama Petro in short term and the sell signal is strong.

Rama Petro Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Rama Petro in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Rama Petro is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.74 and Rama Petro (RamaPetro) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Rama Petro (RamaPetro) stock. Volume based technical analysis of Rama Petro (RamaPetro) stock is negative.

Rama Petro Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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Daily charts

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Daily chart

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