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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 2022-05-20 View latest technical analysis

10 day averaged volume of Elnet Tech is 811

Date Daily Closing Price Open High Low Volume
20 Fri May 2022 154.55 154.80 162.95 150.55 1.45 times
19 Thu May 2022 154.00 156.00 156.50 153.55 0.655 times
18 Wed May 2022 156.45 165.00 165.00 156.00 0.449 times
17 Tue May 2022 155.20 166.00 166.00 154.00 0.867 times
16 Mon May 2022 155.30 162.00 162.00 153.00 1.462 times
13 Fri May 2022 162.15 155.25 168.30 155.25 0.285 times
12 Thu May 2022 153.40 157.00 157.00 153.00 1.196 times
11 Wed May 2022 154.00 158.00 161.00 152.00 1.164 times
10 Tue May 2022 156.85 159.15 166.00 155.65 1.531 times
09 Mon May 2022 159.10 157.00 167.00 154.00 0.93 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, but if it comes above 155, then a intra day buy could be more profitable.
If you take a sell trade below 155, then use 155 as stoploss and 146 as target. However if you take a buy trade in stock , then use 155 as stoploss and 162.56 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 148.07
Downside Intraday Target 141.58
Upside Intraday Target 163.52
Upside Intraday Target 172.48
Upside Intraday Target 157.03

Weekly technical analysis of Elnet Tech (ElnetTech)

Date Weekly Closing Price Open High Low Volume
20 Fri May 2022 154.55 162.00 166.00 150.55 0.956 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
20 Fri May 2022 154.55 179.10 179.10 150.55 0.193 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 22, 15, 19 Buy
MACD -7, -6Sell
Stochastics 20Sell
CCI -51Buy
RSI 52Buy
OBV -20334Sell
VWAP 156Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

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 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Elnet Tech stock for short term is BUY. 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 moving up

CCI has generated a buy signal for Elnet Tech in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 155.56 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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