(RkForgings) Rk Forgings complete technical analysis [charts+indicators] | Buy/Sell Rk Forgings | (RkForgings) share price targets
Complete technical analysis of Rk Forgings (RkForgings) by charts plus indicators, forecast predictions and share price targets for Rk Forgings (RkForgings)
Showing technical analysis as on 2022-05-18 View latest technical analysis
10 day averaged volume of Rk Forgings is 61937
| Date | Daily Closing Price | Open | High | Low | Volume |
| 18 Wed May 2022 | 166.80 | 165.20 | 169.45 | 163.50 | 0.36 times |
| 17 Tue May 2022 | 162.10 | 165.95 | 167.20 | 159.05 | 0.659 times |
| 16 Mon May 2022 | 163.90 | 160.20 | 165.25 | 159.30 | 0.39 times |
| 13 Fri May 2022 | 157.80 | 156.00 | 163.20 | 155.90 | 0.992 times |
| 12 Thu May 2022 | 152.90 | 161.00 | 161.05 | 150.95 | 0.999 times |
| 11 Wed May 2022 | 163.90 | 171.40 | 173.70 | 160.80 | 1.474 times |
| 10 Tue May 2022 | 171.40 | 172.50 | 175.50 | 170.00 | 0.589 times |
| 09 Mon May 2022 | 172.40 | 173.50 | 175.30 | 170.45 | 0.668 times |
| 06 Fri May 2022 | 173.50 | 175.65 | 175.65 | 168.40 | 0.791 times |
| 05 Thu May 2022 | 175.65 | 185.50 | 190.80 | 172.00 | 0.921 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 164.8 as stoploss in an intra day buy trade for a target of 177.2. However, stock will show a bearish move below 164.8.
Share price targets for Rk Forgings (RkForgings)
| Target Type | Value |
| Downside Target | 150.95 |
| Downside Target | 156.40 |
| Upside Target | 168.40 |
| Upside Target | 175.50 |
| Upside Target | 183.55 |
| Upside Target | 194.90 |
| Upside Target | 198.80 |
| Upside Target | 760.00 |
| Upside Target | 855.00 |
| Upside Target | 905.00 |
| Upside Target | 968.55 |
| Upside Target | 1063.40 |
Intraday share price targets for Rk Forgings (RkForgings)
| Target Type | Value |
| Downside Intraday Target | 160.75 |
| Downside Intraday Target | 154.7 |
| Upside Intraday Target | 171.15 |
| Upside Intraday Target | 175.5 |
| Downside Intraday Target | 165.1 |
Weekly technical analysis of Rk Forgings (RkForgings)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 18 Wed May 2022 | 166.80 | 160.20 | 169.45 | 159.05 | 0.299 times |
| 13 Fri May 2022 | 157.80 | 173.50 | 175.50 | 150.95 | 0.873 times |
| 06 Fri May 2022 | 173.50 | 188.75 | 198.80 | 168.40 | 1.654 times |
| 29 Fri Apr 2022 | 188.75 | 191.00 | 194.90 | 183.55 | 0.684 times |
| 22 Fri Apr 2022 | 192.10 | 185.05 | 196.00 | 178.00 | 1.665 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 Rk Forgings (RkForgings)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 18 Wed May 2022 | 166.80 | 188.75 | 198.80 | 150.95 | 0.635 times |
| 29 Fri Apr 2022 | 188.75 | 162.00 | 196.00 | 159.55 | 0.988 times |
| 31 Thu Mar 2022 | 157.50 | 812.00 | 855.00 | 156.40 | 3.628 times |
| 28 Mon Feb 2022 | 813.95 | 963.80 | 968.55 | 760.00 | 0.597 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 Rk Forgings (RkForgings)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 12, 29, 42 | Sell |
| MACD | -86, -97 | Buy |
| Stochastics | 30 | None |
| CCI | -4 | Buy |
| RSI | 35 | Sell |
| OBV | -284454 | Sell |
| VWAP | 165 | Buy |
| ADL | 0 | Sell |
| ROC | -8 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Rk Forgings ( (RkForgings) ) 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 Rk Forgings ( (RkForgings) ) 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 Rk Forgings ( (RkForgings) ) 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 Rk Forgings ( (RkForgings) ) 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 Rk Forgings stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a BUY signal for Rk Forgings in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Rk Forgings 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 in or above the red cloud Prices appear to be moving up
CCI has generated a buy signal for Rk Forgings in short term but BUY signal is weak.
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
Stock of Rk Forgings is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 165.34 and Rk Forgings (RkForgings) 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 Rk Forgings (RkForgings) stock. Volume based technical analysis of Rk Forgings (RkForgings) stock is negative.
Rk Forgings 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.
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