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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)

Showing technical analysis as on 2022-05-16 View latest technical analysis

10 day averaged volume of Nelco is 10877

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 563.20 569.00 570.00 554.45 0.353 times
13 Fri May 2022 542.90 521.00 546.70 515.20 0.677 times
12 Thu May 2022 520.70 548.10 548.10 520.70 3.825 times
11 Wed May 2022 548.10 570.10 576.05 546.65 0.748 times
10 Tue May 2022 575.40 585.50 604.75 570.05 0.946 times
09 Mon May 2022 592.50 615.00 615.00 587.15 1.625 times
06 Fri May 2022 616.30 615.00 636.00 603.00 0.475 times
05 Thu May 2022 633.35 625.00 648.90 625.00 0.157 times
04 Wed May 2022 628.00 657.80 657.80 622.00 0.42 times
02 Mon May 2022 647.20 649.00 659.00 628.00 0.785 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 578, but if it comes above 578, then a intra day buy could be more profitable.
If you take a sell trade below 578, then use 578 as stoploss and 493.7 as target. However if you take a buy trade in stock , then use 578 as stoploss and 648.21 as target.

Share price targets for Nelco (Nelco)

Target Type Value
Downside Target 515.20
Downside Target 554.45
Upside Target 570.00
Upside Target 586.65
Upside Target 603.00
Upside Target 659.00
Upside Target 702.00
Upside Target 744.95
Upside Target 748.10
Upside Target 779.00
Upside Target 837.00
Upside Target 844.30
Upside Target 948.95

Intraday share price targets for Nelco (Nelco)

Target Type Value
Downside Intraday Target 555.1
Downside Intraday Target 547
Upside Intraday Target 570.65
Upside Intraday Target 578.1
Downside Intraday Target 562.55

Weekly technical analysis of Nelco (Nelco)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 563.20 569.00 570.00 554.45 0.045 times
13 Fri May 2022 542.90 615.00 615.00 515.20 4.257 times
06 Fri May 2022 616.30 649.00 659.00 603.00 0.717 times
29 Fri Apr 2022 661.05 744.95 744.95 660.00 1.391 times
22 Fri Apr 2022 741.65 727.00 779.00 702.00 0.861 times

Price has moved up 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
16 Mon May 2022 563.20 649.00 659.00 515.20 0.882 times
29 Fri Apr 2022 661.05 713.05 844.30 660.00 0.539 times
31 Thu Mar 2022 714.75 641.10 748.10 586.65 1.513 times
28 Mon Feb 2022 640.85 785.00 837.00 608.00 0.315 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 15, 37, 43 Sell
MACD -76, -60Sell
Stochastics 16Sell
CCI -50Buy
RSI 49Sell
OBV -113173Sell
VWAP 563Sell
ADL 0Sell
ROC -15Sell
Force Index 0Sell

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 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 losing 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Nelco in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 563.3 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.

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Daily charts

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Daily chart

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