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

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

Showing technical analysis as on 2024-05-31 View latest technical analysis

10 day averaged volume of Ovobel Foods is 5614

Date Daily Closing Price Open High Low Volume
31 Fri May 2024 210.45 220.50 221.00 200.00 7.397 times
30 Thu May 2024 232.50 229.05 234.95 226.25 0.707 times
29 Wed May 2024 232.90 228.00 240.00 222.00 1.132 times
28 Tue May 2024 228.25 228.20 233.70 225.45 1.073 times
27 Mon May 2024 228.20 228.00 233.20 226.20 0.957 times
24 Fri May 2024 226.65 234.50 234.50 225.00 0.984 times
23 Thu May 2024 229.05 234.00 243.90 227.00 1.189 times
22 Wed May 2024 231.35 230.35 235.00 226.50 0.931 times
21 Tue May 2024 229.05 232.00 232.00 225.05 1.268 times
18 Sat May 2024 234.55 224.25 241.65 224.25 0.698 times

Stock of Ovobel Foods (OvobelFoods) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 215.6, for a target of 222.2 or 227.65

Share price targets for Ovobel Foods (OvobelFoods)

Target Type Value
Downside Target 193.00
Downside Target 200.00
Downside Target 209.95
Upside Target 214.25
Upside Target 220.00
Upside Target 225.00
Upside Target 234.95
Upside Target 240.00
Upside Target 243.90
Upside Target 259.10
Upside Target 264.00
Upside Target 275.70
Upside Target 280.00

Intraday share price targets for Ovobel Foods (OvobelFoods)

Target Type Value
Downside Intraday Target 193.63
Downside Intraday Target 176.82
Upside Intraday Target 233.63
Upside Intraday Target 256.82
Upside Intraday Target 216.82

Weekly technical analysis of Ovobel Foods (OvobelFoods)

Date Weekly Closing Price Open High Low Volume
31 Fri May 2024 210.45 228.00 240.00 200.00 2.577 times
24 Fri May 2024 226.65 232.00 243.90 225.00 0.844 times
18 Sat May 2024 234.55 235.00 241.65 220.00 1.015 times
10 Fri May 2024 231.25 227.00 264.00 214.25 0.806 times
03 Fri May 2024 224.65 232.00 234.95 209.95 0.939 times

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

Monthly technical analysis of Ovobel Foods (OvobelFoods)

Date Monthly Closing Price Open High Low Volume
31 Fri May 2024 210.45 231.80 264.00 200.00 0.899 times
30 Tue Apr 2024 225.50 208.95 259.10 202.50 0.922 times
28 Thu Mar 2024 196.75 226.95 240.00 193.00 0.5 times
29 Thu Feb 2024 220.95 266.05 275.70 193.35 1.086 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 Ovobel Foods (OvobelFoods)

Price action analysis of Ovobel Foods ( (OvobelFoods) ) based on a short 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.

Price action analysis of Ovobel Foods ( (OvobelFoods) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ovobel Foods ( (OvobelFoods) ) based on a short to mid 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.

Price action analysis of Ovobel Foods ( (OvobelFoods) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Ovobel Foods stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Ovobel Foods Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

CCI has generated a SELL signal for Ovobel Foods in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Ovobel Foods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 221.16 and Ovobel Foods (OvobelFoods) 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 Ovobel Foods (OvobelFoods) stock. Volume based technical analysis of Ovobel Foods (OvobelFoods) stock is negative.

Ovobel Foods 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.

Price action analysis of Ovobel Foods ( (OvobelFoods) ) based on a short 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.

Price action analysis of Ovobel Foods ( (OvobelFoods) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Ovobel Foods ( (OvobelFoods) ) based on a short to mid 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.

Price action analysis of Ovobel Foods ( (OvobelFoods) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Ovobel Foods stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

Ovobel Foods Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

CCI has generated a SELL signal for Ovobel Foods in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Ovobel Foods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 221.16 and Ovobel Foods (OvobelFoods) 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 Ovobel Foods (OvobelFoods) stock. Volume based technical analysis of Ovobel Foods (OvobelFoods) stock is negative.

Ovobel Foods 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 Ovobel Foods charts

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Daily charts

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Daily chart
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