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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 2023-03-23 View latest technical analysis

10 day averaged volume of Nelco is 16342

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu Mar 2023	529.20	528.00	554.65	521.85	0.911 times
22 Wed Mar 2023	527.20	530.00	539.45	522.00	0.354 times
21 Tue Mar 2023	529.85	529.85	532.90	519.00	0.626 times
20 Mon Mar 2023	518.45	535.00	535.00	503.25	1.193 times
17 Fri Mar 2023	521.65	542.80	552.00	517.75	0.533 times
16 Thu Mar 2023	542.80	545.55	551.00	537.00	0.713 times
15 Wed Mar 2023	551.50	572.05	576.50	549.00	1.817 times
14 Tue Mar 2023	566.90	584.05	585.00	563.35	1.253 times
13 Mon Mar 2023	579.65	590.55	596.35	572.10	0.489 times
10 Fri Mar 2023	590.55	592.00	594.00	581.55	1.551 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 534.9, but if it comes above 534.9, then a intra day buy could be more profitable.
If you take a sell trade below 534.9, then use 534.9 as stoploss and 501.8 as target. However if you take a buy trade in stock , then use 534.9 as stoploss and 562.59 as target.

Share price targets for Nelco (Nelco)

Target Type	Value
Downside Target	503.25
Downside Target	517.75
Upside Target	542.25
Upside Target	554.65
Upside Target	581.55
Upside Target	596.35
Upside Target	613.45
Upside Target	625.75
Upside Target	636.30
Upside Target	716.35
Upside Target	736.20
Upside Target	825.15
Upside Target	855.00

Intraday share price targets for Nelco (Nelco)

Target Type	Value
Downside Intraday Target	503.42
Downside Intraday Target	477.63
Upside Intraday Target	554.82
Upside Intraday Target	580.43
Downside Intraday Target	529.03

Weekly technical analysis of Nelco (Nelco)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu Mar 2023	529.20	535.00	554.65	503.25	0.642 times
17 Fri Mar 2023	521.65	590.55	596.35	517.75	0.728 times
10 Fri Mar 2023	590.55	610.05	625.75	581.55	1.396 times
03 Fri Mar 2023	603.05	566.95	614.85	543.00	1.816 times
24 Fri Feb 2023	547.60	620.95	621.00	542.25	1.066 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
23 Thu Mar 2023	529.20	577.50	625.75	503.25	1.747 times
28 Tue Feb 2023	576.10	628.70	636.30	542.25	0.846 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

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 Nelco (Nelco)

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 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 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 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 550.4 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.