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

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

Showing technical analysis as on 2024-03-20 View latest technical analysis

10 day averaged volume of South Magnes is 1645

Date Daily Closing Price Open High Low Volume
20 Wed Mar 2024 210.00 205.00 219.20 199.10 0.914 times
19 Tue Mar 2024 208.80 227.85 228.90 207.10 0.902 times
18 Mon Mar 2024 218.00 209.90 218.60 209.90 0.619 times
15 Fri Mar 2024 209.95 218.25 218.25 209.90 0.239 times
14 Thu Mar 2024 213.95 204.70 215.00 204.70 1.086 times
13 Wed Mar 2024 215.45 215.60 232.90 215.45 0.628 times
12 Tue Mar 2024 226.75 230.00 235.00 225.95 0.542 times
11 Mon Mar 2024 237.80 248.45 251.35 228.40 2.83 times
07 Thu Mar 2024 239.40 243.95 249.85 232.60 1.112 times
06 Wed Mar 2024 243.95 259.40 259.40 238.05 1.172 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 217.8, but if it comes above 217.8, then a intra day buy could be more profitable.
If you take a sell trade below 217.8, then use 217.8 as stoploss and 197.9 as target. However if you take a buy trade in stock , then use 217.8 as stoploss and 234.42 as target.

Share price targets for South Magnes (SouthMagnes)

Target Type Value
Downside Target 162.60
Downside Target 182.80
Downside Target 199.10
Downside Target 204.70
Upside Target 218.85
Upside Target 234.60
Upside Target 251.35
Upside Target 260.00
Upside Target 271.50
Upside Target 288.25

Intraday share price targets for South Magnes (SouthMagnes)

Target Type Value
Downside Intraday Target 196.43
Downside Intraday Target 182.87
Upside Intraday Target 226.23
Upside Intraday Target 242.47
Upside Intraday Target 212.67

Weekly technical analysis of South Magnes (SouthMagnes)

Date Weekly Closing Price Open High Low Volume
20 Wed Mar 2024 210.00 209.90 228.90 199.10 0.457 times
15 Fri Mar 2024 209.95 248.45 251.35 204.70 1.284 times
07 Thu Mar 2024 239.40 233.25 260.00 229.50 0.764 times
02 Sat Mar 2024 238.30 246.30 271.50 229.50 2.673 times
23 Fri Feb 2024 234.60 224.45 234.60 220.00 0.904 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 South Magnes (SouthMagnes)

Date Monthly Closing Price Open High Low Volume
20 Wed Mar 2024 210.00 250.00 260.00 199.10 0.806 times
29 Thu Feb 2024 252.60 246.60 271.50 218.85 0.541 times
31 Wed Jan 2024 246.60 208.60 288.25 200.00 1.268 times
29 Fri Dec 2023 208.60 204.30 224.65 182.80 0.809 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 South Magnes (SouthMagnes)

Price action analysis of South Magnes ( (SouthMagnes) ) 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 South Magnes ( (SouthMagnes) ) 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 South Magnes ( (SouthMagnes) ) 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 South Magnes ( (SouthMagnes) ) 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 South Magnes stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

South Magnes 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 SELL signal for South Magnes 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of South Magnes is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 227.11 and South Magnes (SouthMagnes) 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 South Magnes (SouthMagnes) stock. Volume based technical analysis of South Magnes (SouthMagnes) stock is negative.

South Magnes 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.

Price action analysis of South Magnes ( (SouthMagnes) ) 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 South Magnes ( (SouthMagnes) ) 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 South Magnes ( (SouthMagnes) ) 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 South Magnes ( (SouthMagnes) ) 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 South Magnes stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

South Magnes 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 SELL signal for South Magnes 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of South Magnes is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 227.11 and South Magnes (SouthMagnes) 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 South Magnes (SouthMagnes) stock. Volume based technical analysis of South Magnes (SouthMagnes) stock is negative.

South Magnes 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 South Magnes charts

Click here for further forecast and predictions for tomorrow

Daily charts

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