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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 2024-10-09 View latest technical analysis

10 day averaged volume of Damoindus is 4712

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	44.56	42.41	44.68	42.00	0.52 times
08 Tue Oct 2024	43.28	43.66	44.07	43.01	1.503 times
07 Mon Oct 2024	43.06	45.02	45.02	42.75	0.628 times
03 Thu Oct 2024	44.16	46.65	46.65	43.40	0.707 times
01 Tue Oct 2024	45.74	46.27	47.10	45.00	0.578 times
30 Mon Sep 2024	45.56	46.28	46.28	45.50	0.195 times
27 Fri Sep 2024	45.72	46.40	46.75	45.05	0.845 times
26 Thu Sep 2024	46.40	46.63	46.63	46.17	0.169 times
25 Wed Sep 2024	46.33	47.04	47.60	46.00	2.108 times
24 Tue Sep 2024	47.25	47.80	47.81	46.75	2.813 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 44.9, but if it comes above 44.9, then a intra day buy could be more profitable.
If you take a sell trade below 44.9, then use 44.9 as stoploss and 42.6 as target. However if you take a buy trade in stock , then use 44.9 as stoploss and 46.81 as target.

Share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Target	41.09
Downside Target	42.00
Downside Target	43.40
Upside Target	44.90
Upside Target	45.95
Upside Target	48.60
Upside Target	51.25
Upside Target	53.10
Upside Target	54.79
Upside Target	54.99
Upside Target	55.00

Intraday share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Intraday Target	42.7
Downside Intraday Target	40.84
Upside Intraday Target	45.72
Upside Intraday Target	46.88
Downside Intraday Target	43.86

Weekly technical analysis of Damoindus (Damoindus)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	44.56	45.02	45.02	42.00	1.791 times
03 Thu Oct 2024	44.16	46.28	47.10	43.40	0.232 times
27 Fri Sep 2024	45.72	47.80	48.60	45.05	2.16 times
20 Fri Sep 2024	47.88	50.39	54.79	47.42	0.742 times
13 Fri Sep 2024	49.51	45.95	51.25	45.95	0.536 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Damoindus (Damoindus)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	44.56	46.27	47.10	42.00	0.188 times
30 Mon Sep 2024	45.56	48.01	54.79	44.90	0.798 times
30 Fri Aug 2024	48.55	50.90	53.10	46.55	0.762 times
31 Wed Jul 2024	50.41	51.09	55.00	48.00	1.285 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 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 SELL. Signal strength is Strong and stock is gaining 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 red color and prices are below the red 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 SELL signal in short term but selling 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 45.58 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.