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

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

10 day averaged volume of Welcon is 86349

Date Daily Closing Price Open High Low Volume
30 Wed Nov 2022 2.08 2.12 2.12 2.06 0.238 times
29 Tue Nov 2022 2.05 2.13 2.13 2.03 1.315 times
28 Mon Nov 2022 2.13 2.15 2.18 2.11 0.5 times
25 Fri Nov 2022 2.17 2.20 2.20 2.09 0.404 times
24 Thu Nov 2022 2.13 2.07 2.20 2.07 0.398 times
23 Wed Nov 2022 2.13 2.03 2.19 2.03 0.98 times
22 Tue Nov 2022 2.06 2.07 2.08 2.00 0.989 times
21 Mon Nov 2022 2.01 2.16 2.16 2.00 1.041 times
18 Fri Nov 2022 2.12 2.27 2.27 2.10 1.765 times
17 Thu Nov 2022 2.22 2.23 2.29 2.20 0.61 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.1, but if it comes above 2.1, then a intra day buy could be more profitable.
If you take a sell trade below 2.1, then use 2.1 as stoploss and 2 as target. However if you take a buy trade in stock , then use 2.1 as stoploss and 2.18 as target.

Share price targets for Welcon (Welcon)

Target Type Value
Downside Target 2.00
Upside Target 2.09
Upside Target 2.15
Upside Target 2.31
Upside Target 2.36
Upside Target 2.43
Upside Target 2.45
Upside Target 2.49
Upside Target 2.59
Upside Target 2.90
Upside Target 3.06
Upside Target 3.14

Intraday share price targets for Welcon (Welcon)

Target Type Value
Downside Intraday Target 2.01
Downside Intraday Target 1.95
Upside Intraday Target 2.16
Upside Intraday Target 2.25
Upside Intraday Target 2.1

Weekly technical analysis of Welcon (Welcon)

Date Weekly Closing Price Open High Low Volume
30 Wed Nov 2022 2.08 2.15 2.18 2.03 0.539 times
25 Fri Nov 2022 2.17 2.16 2.20 2.00 0.744 times
18 Fri Nov 2022 2.12 2.40 2.45 2.10 0.537 times
11 Fri Nov 2022 2.34 2.26 2.49 2.09 2.344 times
04 Fri Nov 2022 2.19 2.43 2.43 2.15 2.435 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 Welcon (Welcon)

Date Monthly Closing Price Open High Low Volume
30 Wed Nov 2022 2.08 2.32 2.49 2.00 1.086 times
31 Mon Oct 2022 2.39 2.47 2.59 2.00 0.666 times
30 Fri Sep 2022 2.36 2.79 2.90 2.18 0.983 times
30 Tue Aug 2022 2.74 2.90 3.14 2.36 2.862 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 Welcon (Welcon)

Indicator Name Indicator Value Indicator Signal
ADX 36, 36, 0 Sell
MACD -0, -0Buy
Stochastics 23Sell
CCI -50Buy
RSI 45Sell
OBV 118223Sell
VWAP 2Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Welcon ( (Welcon) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Welcon ( (Welcon) ) 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 Welcon ( (Welcon) ) 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 Welcon ( (Welcon) ) 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 Welcon stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Welcon 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.

Welcon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 Welcon 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 Welcon is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.1 and Welcon (Welcon) 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 Welcon (Welcon) stock. Volume based technical analysis of Welcon (Welcon) stock is negative.

Welcon 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 Welcon charts

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Daily charts

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Daily chart

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