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

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

10 day averaged volume of Manak Aluminium is 52126

Date Daily Closing Price Open High Low Volume
22 Wed May 2024 25.70 24.50 25.70 24.40 1.01 times
21 Tue May 2024 24.50 25.35 25.35 24.05 0.997 times
20 Mon May 2024 24.95 24.90 25.50 24.30 0.253 times
17 Fri May 2024 24.90 25.40 25.65 23.90 2.952 times
16 Thu May 2024 25.15 26.05 26.05 25.00 1.377 times

My analysis of stock is bullish for shortterm, and stock might move up till 26.5 or till 27.8. Use a stoploss of 25.45 and if this stock hits its stoploss, then it can fall down till 24.38

Share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type Value
Downside Target 22.65
Downside Target 23.45
Downside Target 24.05
Downside Target 25.10
Upside Target 27.25
Upside Target 27.65
Upside Target 29.25
Upside Target 30.60
Upside Target 33.30
Upside Target 38.25
Upside Target 40.35
Upside Target 41.40

Intraday share price targets for Manak Aluminium (MANAKALUCO_BE)

Target Type Value
Downside Intraday Target 24.6
Downside Intraday Target 23.5
Upside Intraday Target 26.25
Upside Intraday Target 26.8
Downside Intraday Target 25.15

Weekly technical analysis of Manak Aluminium (MANAKALUCO_BE)

Date Weekly Closing Price Open High Low Volume
22 Wed May 2024 25.70 24.90 25.70 24.05 0.305 times
17 Fri May 2024 24.90 23.50 26.60 22.65 6.219 times
10 Fri May 2024 23.55 25.10 25.10 23.45 0.834 times
03 Fri May 2024 25.60 27.25 27.25 25.60 1.16 times
26 Fri Apr 2024 27.25 26.70 27.65 26.10 1.302 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 Manak Aluminium (MANAKALUCO_BE)

Date Monthly Closing Price Open High Low Volume
22 Wed May 2024 25.70 26.10 26.60 22.65 1.336 times
30 Tue Apr 2024 26.60 27.40 30.60 26.10 0.38 times
28 Thu Mar 2024 26.30 32.40 33.30 24.30 0.642 times
29 Thu Feb 2024 31.75 38.40 41.40 29.25 14.63 times

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 Manak Aluminium (MANAKALUCO_BE)

Indicator Name Indicator Value Indicator Signal
ADX 22, 23, 2 Sell
MACD -1, -1Buy
Stochastics 61None
CCI 60Buy
RSI 65Buy
OBV -232339Sell
VWAP 25Buy
ADL 0Sell
ROC 6Buy
Force Index 0Sell

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Manak Aluminium ( (MANAKALUCO_BE) ) 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 Manak Aluminium ( (MANAKALUCO_BE) ) based on a short to mid 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 Manak Aluminium ( (MANAKALUCO_BE) ) 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 Manak Aluminium stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Manak Aluminium 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.

Manak Aluminium 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 moving up

CCI has generated a buy signal for Manak Aluminium in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Manak Aluminium is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 25.03 and Manak Aluminium (MANAKALUCO_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Manak Aluminium (MANAKALUCO_BE) stock. Volume based technical analysis of Manak Aluminium (MANAKALUCO_BE) stock is negative.

Manak Aluminium Stock is giving positive 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.

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