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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)

10 day averaged volume of South Magnes is 461

Date Daily Closing Price Open High Low Volume
04 Wed Aug 2021 20.50 21.00 21.00 20.00 0.438 times
03 Tue Aug 2021 21.00 21.00 21.00 21.00 1.627 times
02 Mon Aug 2021 20.00 20.85 20.85 20.00 1.087 times
30 Fri Jul 2021 20.85 20.85 20.85 20.85 0.239 times
29 Thu Jul 2021 20.85 20.85 20.85 20.85 0.868 times
28 Wed Jul 2021 21.90 21.90 21.90 21.90 0.043 times
27 Tue Jul 2021 20.90 23.10 23.10 20.90 1.753 times
26 Mon Jul 2021 22.00 20.90 22.00 20.90 0.234 times
23 Fri Jul 2021 22.00 22.00 22.00 22.00 0.004 times
22 Thu Jul 2021 22.00 22.00 22.00 20.50 3.098 times

My analysis of stock is bullish for shortterm, and stock might move up till 21.6 or till 23.6. Use a stoploss of 19.85 and if this stock hits its stoploss, then it can fall down till 18.15

Share price targets for South Magnes (SouthMagnes)

Target Type Value
Downside Target 9.51
Downside Target 11.41
Downside Target 11.98
Downside Target 13.55
Downside Target 16.40
Downside Target 17.10
Downside Target 18.20
Downside Target 20.00
Downside Target 20.50
Upside Target 21.00
Upside Target 22.00
Upside Target 23.10

Intraday share price targets for South Magnes (SouthMagnes)

Target Type Value
Downside Intraday Target 20
Downside Intraday Target 19.5
Upside Intraday Target 21
Upside Intraday Target 21.5
Downside Intraday Target 20.5

Weekly technical analysis of South Magnes (SouthMagnes)

Date Weekly Closing Price Open High Low Volume
04 Wed Aug 2021 20.50 20.85 21.00 20.00 1.005 times
30 Fri Jul 2021 20.85 20.90 23.10 20.85 0.757 times
23 Fri Jul 2021 22.00 21.05 22.00 20.50 0.332 times
15 Thu Jul 2021 20.05 18.40 20.05 18.40 4.008 times
08 Thu Jul 2021 18.40 18.00 18.50 17.10 0.148 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
04 Wed Aug 2021 20.50 20.85 21.00 20.00 0.099 times
30 Fri Jul 2021 20.85 16.45 23.10 16.45 0.376 times
30 Wed Jun 2021 16.40 15.05 16.40 13.55 1.64 times
31 Mon May 2021 15.80 11.98 18.20 11.98 2.007 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)

Indicator Name Indicator Value Indicator Signal
ADX 30, 36, 10 Sell
MACD 2, 3Sell
Stochastics 24Sell
CCI -92Sell
RSI 56Buy
OBV 10377Sell
VWAP 21Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of South Magnes ( (SouthMagnes) ) based on a short term time period is

Price action analysis of South Magnes ( (SouthMagnes) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of South Magnes ( (SouthMagnes) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of South Magnes ( (SouthMagnes) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for South Magnes stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

South Magnes Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

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 and the buying is gaining 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 21.18 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 positive

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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