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(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)

Showing technical analysis as on 2024-05-17 View latest technical analysis

10 day averaged volume of Damoindus is 5951

Date	Daily Closing Price	Open	High	Low	Volume
17 Fri May 2024	50.78	50.00	51.00	49.20	0.556 times
16 Thu May 2024	49.92	50.25	51.20	49.50	0.509 times
15 Wed May 2024	50.44	49.61	51.05	49.50	0.738 times
14 Tue May 2024	50.04	49.70	50.85	49.00	0.654 times
13 Mon May 2024	49.78	49.23	50.96	48.60	0.243 times
10 Fri May 2024	50.22	57.90	57.90	49.17	0.66 times
09 Thu May 2024	49.87	52.50	53.45	49.11	1.333 times
08 Wed May 2024	52.54	51.34	52.54	50.89	0.446 times
07 Tue May 2024	50.33	52.40	52.40	50.15	0.458 times
06 Mon May 2024	52.41	54.50	54.75	52.25	0.503 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 50.3 as stoploss in an intra day buy trade for a target of 51.63. However, stock will show a bearish move below 50.3.

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	49.19
Downside Intraday Target	47.59
Upside Intraday Target	51.79
Upside Intraday Target	52.79
Downside Intraday Target	50.19

Weekly technical analysis of Damoindus (Damoindus)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Fri May 2024	50.78	49.23	51.20	48.60	0.794 times
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

Price has moved up 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
17 Fri May 2024	50.78	54.05	57.90	48.60	0.373 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 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 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 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 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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 50.52 and Damoindus (Damoindus) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.