Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

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

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

10 day averaged volume of Damoindus is 5969

Date	Daily Closing Price	Open	High	Low	Volume
10 Fri May 2024	50.22	57.90	57.90	49.17	0.658 times
09 Thu May 2024	49.87	52.50	53.45	49.11	1.329 times
08 Wed May 2024	52.54	51.34	52.54	50.89	0.445 times
07 Tue May 2024	50.33	52.40	52.40	50.15	0.457 times
06 Mon May 2024	52.41	54.50	54.75	52.25	0.502 times
03 Fri May 2024	53.82	55.44	56.70	52.20	4.441 times
02 Thu May 2024	53.95	54.05	54.05	53.10	0.244 times
30 Tue Apr 2024	52.89	52.45	55.15	51.75	1.906 times
29 Mon Apr 2024	51.54	51.60	52.99	51.00	0.136 times
26 Fri Apr 2024	51.54	56.20	56.20	51.54	0.08 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 50.6, but if it comes above 50.6, then a intra day buy could be more profitable.
If you take a sell trade below 50.6, then use 50.6 as stoploss and 48.9 as target. However if you take a buy trade in stock , then use 50.6 as stoploss and 51.89 as target.

Share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Target	41.15
Downside Target	43.21
Downside Target	47.55
Downside Target	50.20
Upside Target	54.50
Upside Target	56.20
Upside Target	56.70
Upside Target	56.95
Upside Target	57.90
Upside Target	65.56
Upside Target	68.05

Intraday share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Intraday Target	46.92
Downside Intraday Target	43.62
Upside Intraday Target	55.71
Upside Intraday Target	61.2
Upside Intraday Target	52.41

Weekly technical analysis of Damoindus (Damoindus)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Fri May 2024	50.22	54.50	57.90	49.11	0.504 times
03 Fri May 2024	53.82	51.60	56.70	51.00	1.166 times
26 Fri Apr 2024	51.54	51.87	56.20	50.20	1.334 times
19 Fri Apr 2024	51.87	50.06	54.50	48.30	0.496 times
12 Fri Apr 2024	51.45	48.36	54.83	48.36	1.092 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 Damoindus (Damoindus)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Fri May 2024	50.22	54.05	57.90	49.11	0.28 times
30 Tue Apr 2024	52.89	43.55	56.20	43.21	1.97 times
28 Thu Mar 2024	41.36	54.99	56.95	41.15	0.18 times
29 Thu Feb 2024	54.35	57.05	68.05	51.50	0.836 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 Damoindus (Damoindus)

Price action analysis of Damoindus ( (Damoindus) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Damoindus ( (Damoindus) ) 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 Damoindus ( (Damoindus) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Damoindus ( (Damoindus) ) based on a mid to longer 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.

ADX buy sell signal for Damoindus stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

Damoindus 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Damoindus 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

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

Stock of Damoindus is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 52.57 and Damoindus (Damoindus) 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 Damoindus (Damoindus) stock. Volume based technical analysis of Damoindus (Damoindus) stock is negative.

Damoindus 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.