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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)

Showing technical analysis as on 2022-05-16 View latest technical analysis

10 day averaged volume of Elnet Tech is 1613

Date Daily Closing Price Open High Low Volume
16 Mon May 2022 155.30 162.00 162.00 153.00 0.735 times
13 Fri May 2022 162.15 155.25 168.30 155.25 0.143 times
12 Thu May 2022 153.40 157.00 157.00 153.00 0.601 times
11 Wed May 2022 154.00 158.00 161.00 152.00 0.585 times
10 Tue May 2022 156.85 159.15 166.00 155.65 0.77 times
09 Mon May 2022 159.10 157.00 167.00 154.00 0.467 times
06 Fri May 2022 161.55 163.15 164.00 161.50 0.735 times
05 Thu May 2022 163.15 169.90 169.90 161.75 0.301 times
04 Wed May 2022 162.85 160.05 169.40 160.05 2.706 times
02 Mon May 2022 168.00 179.10 179.10 167.85 0.788 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 158.8, but if it comes above 158.8, then a intra day buy could be more profitable.
If you take a sell trade below 158.8, then use 158.8 as stoploss and 149.5 as target. However if you take a buy trade in stock , then use 158.8 as stoploss and 166.49 as target.

Share price targets for Elnet Tech (ElnetTech)

Target Type Value
Downside Target 150.20
Upside Target 160.05
Upside Target 168.00
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 151.53
Downside Intraday Target 147.77
Upside Intraday Target 160.53
Upside Intraday Target 165.77
Upside Intraday Target 156.77

Weekly technical analysis of Elnet Tech (ElnetTech)

Date Weekly Closing Price Open High Low Volume
16 Mon May 2022 155.30 162.00 162.00 153.00 0.286 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
16 Mon May 2022 155.30 179.10 179.10 152.00 0.158 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, 20, 4 Sell
MACD -7, -5Sell
Stochastics 18Sell
CCI -76Sell
RSI 53Buy
OBV -30213Sell
VWAP 160Sell
ADL 0Sell
ROC -8Sell
Force Index 0Sell

Price action analysis of Elnet Tech ( (ElnetTech) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Elnet Tech ( (ElnetTech) ) 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 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 gaining 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 160.34 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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