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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 2024-06-06 View latest technical analysis

10 day averaged volume of South Magnes is 3514

Date Daily Closing Price Open High Low Volume
06 Thu Jun 2024 206.95 188.60 206.95 187.25 1.435 times
05 Wed Jun 2024 197.10 197.10 197.10 197.10 0.905 times
04 Tue Jun 2024 207.45 220.90 220.90 207.45 0.392 times
03 Mon Jun 2024 218.35 212.80 229.90 212.80 2.18 times
31 Fri May 2024 223.95 230.00 230.00 223.95 0.565 times
30 Thu May 2024 235.70 235.70 235.70 235.70 3.386 times
29 Wed May 2024 248.10 260.00 264.45 248.10 0.832 times
28 Tue May 2024 261.15 274.55 275.80 260.00 0.342 times
27 Mon May 2024 269.15 271.00 276.95 259.00 0.579 times
24 Fri May 2024 271.00 282.00 286.95 269.00 0.607 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 226.8, but if it comes above 226.8, then a intra day buy could be more profitable.
If you take a sell trade below 226.8, then use 226.8 as stoploss and 190 as target. However if you take a buy trade in stock , then use 226.8 as stoploss and 257.44 as target.

Share price targets for South Magnes (SouthMagnes)

Target Type Value
Downside Target 187.25
Downside Target 199.10
Upside Target 207.25
Upside Target 218.85
Upside Target 223.95
Upside Target 229.90
Upside Target 258.00
Upside Target 269.00
Upside Target 276.95
Upside Target 295.50
Upside Target 298.65
Upside Target 298.90
Upside Target 302.40
Upside Target 305.95

Intraday share price targets for South Magnes (SouthMagnes)

Target Type Value
Downside Intraday Target 186.17
Downside Intraday Target 165.38
Upside Intraday Target 228.82
Upside Intraday Target 250.68
Upside Intraday Target 208.03

Weekly technical analysis of South Magnes (SouthMagnes)

Date Weekly Closing Price Open High Low Volume
06 Thu Jun 2024 206.95 212.80 229.90 187.25 0.861 times
31 Fri May 2024 223.95 271.00 276.95 223.95 2.458 times
24 Fri May 2024 271.00 298.65 298.65 269.00 0.662 times
18 Sat May 2024 288.55 265.00 302.40 260.10 1.717 times
10 Fri May 2024 263.25 298.90 298.90 258.00 0.361 times

Price has moved down 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
06 Thu Jun 2024 206.95 212.80 229.90 187.25 0.307 times
31 Fri May 2024 223.95 282.00 305.95 223.95 1.444 times
30 Tue Apr 2024 282.70 218.00 295.50 207.25 1.065 times
28 Thu Mar 2024 217.50 250.00 260.00 199.10 1.377 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 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 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 neutral. A longer time frame might give a better analysis.

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 buy signal for South Magnes 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

Although the stock is in the SELL zone, but selling 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 229.29 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 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 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 neutral. A longer time frame might give a better analysis.

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 buy signal for South Magnes 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

Although the stock is in the SELL zone, but selling 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 229.29 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

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Daily charts

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