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(ElnetTech) Elnet Tech complete technical analysis [charts+indicators] | Buy/Sell Elnet Tech | (ElnetTech) share price targets

Complete technical analysis of Elnet Tech (ElnetTech) by charts plus indicators, forecast predictions and share price targets for Elnet Tech (ElnetTech)

10 day averaged volume of Elnet Tech is 806

Date Daily Closing Price Open High Low Volume
19 Thu May 2022 154.00 156.00 156.50 153.55 0.659 times
18 Wed May 2022 156.45 165.00 165.00 156.00 0.452 times
17 Tue May 2022 155.20 166.00 166.00 154.00 0.872 times
16 Mon May 2022 155.30 162.00 162.00 153.00 1.471 times
13 Fri May 2022 162.15 155.25 168.30 155.25 0.287 times
12 Thu May 2022 153.40 157.00 157.00 153.00 1.203 times
11 Wed May 2022 154.00 158.00 161.00 152.00 1.171 times
10 Tue May 2022 156.85 159.15 166.00 155.65 1.541 times
09 Mon May 2022 159.10 157.00 167.00 154.00 0.935 times
06 Fri May 2022 161.55 163.15 164.00 161.50 1.47 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 155.9, but if it comes above 155.9, then a intra day buy could be more profitable.
If you take a sell trade below 155.9, then use 155.9 as stoploss and 146.8 as target. However if you take a buy trade in stock , then use 155.9 as stoploss and 163.47 as target.

Share price targets for Elnet Tech (ElnetTech)

Target Type Value
Downside Target 150.20
Upside Target 160.05
Upside Target 166.00
Upside Target 179.10
Upside Target 182.15
Upside Target 183.40
Upside Target 186.85
Upside Target 187.00
Upside Target 194.90
Upside Target 205.50

Intraday share price targets for Elnet Tech (ElnetTech)

Target Type Value
Downside Intraday Target 149.33
Downside Intraday Target 144.67
Upside Intraday Target 162.33
Upside Intraday Target 170.67
Upside Intraday Target 157.67

Weekly technical analysis of Elnet Tech (ElnetTech)

Date Weekly Closing Price Open High Low Volume
19 Thu May 2022 154.00 162.00 166.00 153.00 0.672 times
13 Fri May 2022 162.15 157.00 168.30 152.00 0.567 times
06 Fri May 2022 161.55 179.10 179.10 160.05 0.903 times
29 Fri Apr 2022 168.40 174.00 182.15 168.00 0.589 times
22 Fri Apr 2022 175.50 181.95 186.85 169.20 0.416 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 Elnet Tech (ElnetTech)

Date Monthly Closing Price Open High Low Volume
19 Thu May 2022 154.00 179.10 179.10 152.00 0.178 times
29 Fri Apr 2022 168.40 166.00 194.90 160.55 1.686 times
31 Thu Mar 2022 159.90 153.20 183.40 153.00 1.216 times
28 Mon Feb 2022 159.60 187.00 187.00 150.20 0.264 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 Elnet Tech (ElnetTech)

Indicator Name Indicator Value Indicator Signal
ADX 18, 18, 0 Sell
MACD -7, -6Sell
Stochastics 18Sell
CCI -104Sell
RSI 54Buy
OBV -22818Sell
VWAP 157Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Elnet Tech ( (ElnetTech) ) 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 Elnet Tech ( (ElnetTech) ) based on a short term time period is

Price action analysis of Elnet Tech ( (ElnetTech) ) 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 Elnet Tech ( (ElnetTech) ) based on a mid to longer 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.

ADX buy sell signal for Elnet Tech stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Elnet Tech in short term and the sell signal is strong.

Elnet Tech 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 in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Elnet Tech 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Elnet Tech is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 156.58 and Elnet Tech (ElnetTech) 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 Elnet Tech (ElnetTech) stock. Volume based technical analysis of Elnet Tech (ElnetTech) stock is negative.

Elnet Tech 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 Elnet Tech charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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