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

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

10 day averaged volume of Nelco is 13922

Date Daily Closing Price Open High Low Volume
02 Thu Feb 2023 600.60 613.25 616.70 588.90 0.747 times
01 Wed Feb 2023 610.55 628.70 636.30 608.05 0.743 times
31 Tue Jan 2023 630.10 618.45 632.65 617.00 0.861 times
30 Mon Jan 2023 615.55 601.00 634.50 601.00 0.658 times
27 Fri Jan 2023 611.35 637.50 641.80 600.00 1.193 times
25 Wed Jan 2023 637.00 645.80 647.55 635.00 0.834 times
24 Tue Jan 2023 646.90 649.70 664.95 642.50 0.918 times
23 Mon Jan 2023 649.70 669.65 669.65 643.55 2.035 times
20 Fri Jan 2023 672.00 694.90 694.90 668.65 0.623 times
19 Thu Jan 2023 682.85 676.40 692.80 665.50 1.382 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 596.7, for a target of 626.7 or 651.62

Share price targets for Nelco (Nelco)

Target Type Value
Downside Target 588.90
Upside Target 613.45
Upside Target 636.30
Upside Target 653.40
Upside Target 694.90
Upside Target 716.35
Upside Target 736.20
Upside Target 821.15
Upside Target 825.15
Upside Target 855.00
Upside Target 963.15

Intraday share price targets for Nelco (Nelco)

Target Type Value
Downside Intraday Target 580.9
Downside Intraday Target 561.2
Upside Intraday Target 628.3
Upside Intraday Target 656
Upside Intraday Target 608.6

Weekly technical analysis of Nelco (Nelco)

Date Weekly Closing Price Open High Low Volume
02 Thu Feb 2023 600.60 601.00 636.30 588.90 0.604 times
27 Fri Jan 2023 611.35 669.65 669.65 600.00 1.28 times
20 Fri Jan 2023 672.00 670.00 694.90 653.40 2.222 times
13 Fri Jan 2023 665.25 696.60 696.60 660.80 0.774 times
06 Fri Jan 2023 674.95 715.90 716.35 670.05 0.462 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 Nelco (Nelco)

Date Monthly Closing Price Open High Low Volume
02 Thu Feb 2023 600.60 628.70 636.30 588.90 0.103 times
31 Tue Jan 2023 630.10 715.90 716.35 600.00 0.72 times
30 Fri Dec 2022 712.25 779.00 825.15 613.45 0.989 times
30 Wed Nov 2022 753.10 827.35 855.00 736.20 0.82 times

Scroll below to view daily charts

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

Indicators analysis of Nelco (Nelco)

Indicator Name Indicator Value Indicator Signal
ADX 7, 32, 64 Sell
MACD -53, -49Sell
Stochastics 18Sell
CCI -109Sell
RSI 55Buy
OBV -85578Sell
VWAP 639Sell
ADL 0Sell
ROC -10Sell
Force Index 0Sell

Price action analysis of Nelco ( (Nelco) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Nelco ( (Nelco) ) 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 Nelco ( (Nelco) ) 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 Nelco ( (Nelco) ) based on a mid to longer 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.

ADX buy sell signal for Nelco stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Nelco 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 below the red cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Nelco is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 639.26 and Nelco (Nelco) 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 Nelco (Nelco) stock. Volume based technical analysis of Nelco (Nelco) stock is negative.

Nelco 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.

Click here for Nelco charts

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Daily charts

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Daily chart

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