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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 2022-11-22 View latest technical analysis

10 day averaged volume of Nelco is 14861

Date Daily Closing Price Open High Low Volume
22 Tue Nov 2022 752.75 766.65 777.00 748.75 2.472 times
21 Mon Nov 2022 772.80 736.20 823.60 736.20 2.847 times
18 Fri Nov 2022 748.75 751.20 760.00 742.80 0.901 times
17 Thu Nov 2022 753.25 766.60 768.45 749.30 0.537 times
16 Wed Nov 2022 762.40 776.15 795.00 754.40 1.792 times
15 Tue Nov 2022 776.00 780.25 785.00 770.75 0.659 times
14 Mon Nov 2022 780.20 765.00 796.45 765.00 0.862 times
11 Fri Nov 2022 788.60 809.95 810.00 784.60 0.711 times
10 Thu Nov 2022 786.90 816.95 816.95 778.35 0.83 times
09 Wed Nov 2022 803.85 816.70 823.50 802.00 0.542 times

Stock of Nelco (Nelco) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 765.1, but if it comes above 765.1, then a intra day buy could be more profitable.
If you take a sell trade below 765.1, then use 765.1 as stoploss and 715.5 as target. However if you take a buy trade in stock , then use 765.1 as stoploss and 806.51 as target.

Share price targets for Nelco (Nelco)

Target Type Value
Downside Target 585.00
Downside Target 628.00
Downside Target 689.90
Downside Target 736.20
Upside Target 778.35
Upside Target 796.45
Upside Target 821.15
Upside Target 845.45
Upside Target 855.00
Upside Target 907.00
Upside Target 963.15
Upside Target 989.40
Upside Target 1089.95

Intraday share price targets for Nelco (Nelco)

Target Type Value
Downside Intraday Target 718.1
Downside Intraday Target 683.45
Upside Intraday Target 805.5
Upside Intraday Target 858.25
Upside Intraday Target 770.85

Weekly technical analysis of Nelco (Nelco)

Date Weekly Closing Price Open High Low Volume
22 Tue Nov 2022 752.75 736.20 823.60 736.20 1.12 times
18 Fri Nov 2022 748.75 765.00 796.45 742.80 1.977 times
11 Fri Nov 2022 788.60 826.50 826.50 778.35 0.635 times
04 Fri Nov 2022 815.30 845.35 855.00 804.00 2.796 times
28 Fri Oct 2022 848.35 885.00 907.00 845.45 0.545 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
22 Tue Nov 2022 752.75 827.35 855.00 736.20 0.676 times
31 Mon Oct 2022 827.35 859.75 963.15 821.15 0.404 times
30 Fri Sep 2022 857.10 1037.60 1089.95 826.00 1.73 times
30 Tue Aug 2022 989.40 649.75 989.40 628.00 2.386 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 22, 21, 3 Buy
MACD -48, -43Sell
Stochastics 22Sell
CCI -83Sell
RSI 63Buy
OBV -106623Sell
VWAP 769Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Nelco ( (Nelco) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Weak 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 weakening, and bulls are picking up momentum!

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 but buying is losing 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 768.51 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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