(NELCO) Nelco complete technical analysis [charts+indicators] | Buy/Sell Nelco | (NELCO) share price targets
Complete technical analysis of Nelco (NELCO) by charts plus indicators, forecast predictions and share price targets for Nelco (NELCO)
10 day averaged volume of Nelco is 54811
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 739.55 | 730.90 | 750.20 | 730.90 | 1.346 times |
| 16 Thu May 2024 | 730.90 | 725.50 | 737.85 | 720.00 | 1.032 times |
| 15 Wed May 2024 | 729.90 | 738.45 | 738.45 | 725.00 | 0.946 times |
| 14 Tue May 2024 | 727.55 | 715.00 | 734.75 | 715.00 | 1.365 times |
| 13 Mon May 2024 | 713.25 | 722.95 | 724.35 | 698.30 | 1.478 times |
My analysis of stock is bearish for shortterm, and stock might move down till 725.3 or till 696.6. Use a stoploss of 749.21 and if the stock hits stoploss, then it can shoot up till 773.14
Share price targets for Nelco (NELCO)
| Target Type | Value |
| Downside Target | 676.40 |
| Downside Target | 695.00 |
| Downside Target | 734.15 |
| Upside Target | 764.30 |
| Upside Target | 769.25 |
| Upside Target | 783.45 |
| Upside Target | 814.00 |
| Upside Target | 833.00 |
| Upside Target | 848.65 |
| Upside Target | 884.00 |
Intraday share price targets for Nelco (NELCO)
| Target Type | Value |
| Downside Intraday Target | 708.5 |
| Downside Intraday Target | 677.45 |
| Upside Intraday Target | 760.4 |
| Upside Intraday Target | 781.25 |
| Downside Intraday Target | 729.35 |
Weekly technical analysis of Nelco (NELCO)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 739.55 | 722.95 | 750.20 | 698.30 | 1.609 times |
| 10 Fri May 2024 | 720.40 | 759.05 | 759.05 | 714.30 | 0.822 times |
| 03 Fri May 2024 | 754.15 | 767.95 | 783.45 | 750.00 | 0.123 times |
| 26 Fri Apr 2024 | 762.20 | 749.05 | 848.65 | 744.00 | 5.099 times |
| 19 Fri Apr 2024 | 742.30 | 738.00 | 764.30 | 708.60 | 1.379 times |
Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Nelco (NELCO)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 739.55 | 764.00 | 769.25 | 698.30 | 0.187 times |
| 30 Tue Apr 2024 | 756.25 | 712.00 | 848.65 | 695.00 | 1.168 times |
| 28 Thu Mar 2024 | 694.15 | 758.80 | 833.00 | 676.40 | 1.417 times |
| 29 Thu Feb 2024 | 754.20 | 798.40 | 814.00 | 734.15 | 0.465 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 Nelco (NELCO)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 23, 24, 2 | Sell |
| MACD | -11, -9 | Sell |
| Stochastics | 53 | None |
| CCI | 75 | Buy |
| RSI | 56 | Buy |
| OBV | 614484 | Sell |
| VWAP | 730 | Buy |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Nelco ( (NELCO) ) 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 Nelco ( (NELCO) ) 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 Nelco ( (NELCO) ) 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 Nelco ( (NELCO) ) 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 Nelco stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Nelco in short term and the sell signal is strong.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Nelco 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 Nelco in short term and BUY signal is strong.
RSI is generating a BUY signal in short term but buying 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 Nelco is picking up selling momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 729.54 and Nelco (NELCO) 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 Nelco (NELCO) stock. Volume based technical analysis of Nelco (NELCO) stock is negative.
Nelco 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.
Click here for further forecast and predictions for tomorrow
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