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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 2022-05-17 View latest technical analysis

10 day averaged volume of Nelco is 10889

Date Daily Closing Price Open High Low Volume
17 Tue May 2022 591.35 579.95 591.35 564.20 0.193 times
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 3.82 times
11 Wed May 2022 548.10 570.10 576.05 546.65 0.747 times
10 Tue May 2022 575.40 585.50 604.75 570.05 0.945 times
09 Mon May 2022 592.50 615.00 615.00 587.15 1.623 times
06 Fri May 2022 616.30 615.00 636.00 603.00 0.474 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 0.419 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 572.7 as stoploss in an intra day buy trade for a target of 641.13. However, stock will show a bearish move below 572.7.

Share price targets for Nelco (Nelco)

Target Type Value
Downside Target 515.20
Downside Target 554.45
Downside Target 586.65
Upside Target 659.00
Upside Target 702.00
Upside Target 705.55
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 566.75
Downside Intraday Target 542.15
Upside Intraday Target 603.65
Upside Intraday Target 615.95
Downside Intraday Target 579.05

Weekly technical analysis of Nelco (Nelco)

Date Weekly Closing Price Open High Low Volume
17 Tue May 2022 591.35 569.00 591.35 554.45 0.07 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
17 Tue May 2022 591.35 649.00 659.00 515.20 0.899 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 20, 34, 26 Sell
MACD -71, -63Sell
Stochastics 34None
CCI -3Buy
RSI 51Buy
OBV -106500Sell
VWAP 557Buy
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Nelco ( (Nelco) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Nelco Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 BUY signal in short term and the buying is gaining 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 556.88 and Nelco (Nelco) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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