(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 2022-05-23 View latest technical analysis
10 day averaged volume of Rk Forgings is 41088
|Date||Daily Closing Price||Open||High||Low||Volume|
|23 Mon May 2022||164.65||167.70||169.15||162.90||0.437 times|
|20 Fri May 2022||165.80||163.50||166.85||162.85||0.472 times|
|19 Thu May 2022||161.25||165.50||165.50||160.30||0.284 times|
|18 Wed May 2022||166.80||165.20||169.45||163.50||0.543 times|
|17 Tue May 2022||162.10||165.95||167.20||159.05||0.994 times|
|16 Mon May 2022||163.90||160.20||165.25||159.30||0.589 times|
|13 Fri May 2022||157.80||156.00||163.20||155.90||1.496 times|
|12 Thu May 2022||152.90||161.00||161.05||150.95||1.506 times|
|11 Wed May 2022||163.90||171.40||173.70||160.80||2.222 times|
|10 Tue May 2022||171.40||172.50||175.50||170.00||0.887 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 161.4 as stoploss in an intra day buy trade for a target of 173.41. However, stock will show a bearish move below 161.4.
Share price targets for Rk Forgings (RkForgings)
Intraday share price targets for Rk Forgings (RkForgings)
|Downside Intraday Target||161.98|
|Downside Intraday Target||159.32|
|Upside Intraday Target||168.23|
|Upside Intraday Target||171.82|
|Upside Intraday Target||165.57|
Weekly technical analysis of Rk Forgings (RkForgings)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|23 Mon May 2022||164.65||167.70||169.15||162.90||0.152 times|
|20 Fri May 2022||165.80||160.20||169.45||159.05||0.405 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|
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 Rk Forgings (RkForgings)
|Date||Monthly Closing Price||Open||High||Low||Volume|
|23 Mon May 2022||164.65||188.75||198.80||150.95||0.678 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||14, 27, 33||Sell|
Price action analysis of Rk Forgings ( (RkForgings) ) 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 Rk Forgings ( (RkForgings) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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. Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a buy signal for Rk Forgings in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling 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 Rk Forgings is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 161.91 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.