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

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

10 day averaged volume of Oriental Trimex is 23401

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 9.05 8.70 9.10 8.55 2.054 times
16 Thu May 2024 8.85 9.20 9.30 8.80 1.079 times
15 Wed May 2024 9.00 8.65 9.00 8.20 2.007 times
14 Tue May 2024 8.60 8.60 8.60 8.10 0.669 times
13 Mon May 2024 8.20 8.10 8.45 7.75 1.921 times

Stock of Oriental Trimex (ORIENTALTL_BE) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 8.9, but if it comes below 8.9, then a intra day sell could be more profitable.
If you take a sell trade below 8.9, then use 8.9 as stoploss and 8.66 as target. However if you take a buy trade in stock , then use 8.9 as stoploss and 9.3 as target.

Share price targets for Oriental Trimex (ORIENTALTL_BE)

Target Type Value
Downside Target 7.75
Downside Target 8.00
Downside Target 8.65
Upside Target 9.30
Upside Target 9.35
Upside Target 10.25
Upside Target 10.70
Upside Target 11.05
Upside Target 11.90
Upside Target 12.65
Upside Target 12.70

Intraday share price targets for Oriental Trimex (ORIENTALTL_BE)

Target Type Value
Downside Intraday Target 8.1
Downside Intraday Target 7.15
Upside Intraday Target 9.65
Upside Intraday Target 10.25
Downside Intraday Target 8.7

Weekly technical analysis of Oriental Trimex (ORIENTALTL_BE)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 9.05 8.10 9.30 7.75 3.403 times
10 Fri May 2024 8.05 8.75 8.75 8.00 1.141 times
03 Fri May 2024 8.75 8.75 8.85 8.65 0.697 times
26 Fri Apr 2024 8.75 8.85 8.90 8.75 1.914 times
19 Fri Apr 2024 8.90 9.35 9.35 8.90 0.516 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 Oriental Trimex (ORIENTALTL_BE)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 9.05 8.70 9.30 7.75 0.573 times
30 Tue Apr 2024 8.65 8.50 10.25 8.10 0.34 times
28 Thu Mar 2024 8.30 11.90 11.90 8.00 1.819 times
29 Thu Feb 2024 11.40 12.70 12.70 11.05 0.73 times

Price has moved up 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 Oriental Trimex (ORIENTALTL_BE)

Indicator Name Indicator Value Indicator Signal
ADX 32, 22, 20 Buy
MACD -0, -1Buy
Stochastics 85Buy
CCI 104Sell
RSI 65Buy
OBV 3829Sell
VWAP 9Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

Price action analysis of Oriental Trimex ( (ORIENTALTL_BE) ) 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 Oriental Trimex ( (ORIENTALTL_BE) ) 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 Oriental Trimex ( (ORIENTALTL_BE) ) based on a short to mid 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 Oriental Trimex ( (ORIENTALTL_BE) ) based on a mid to longer term time period is

ADX buy sell signal for Oriental Trimex stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Oriental Trimex 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.

Oriental Trimex Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 SELL signal for Oriental Trimex in short term but SELL signal is weak.

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 Oriental Trimex is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8.65 and Oriental Trimex (ORIENTALTL_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 Oriental Trimex (ORIENTALTL_BE) stock. Volume based technical analysis of Oriental Trimex (ORIENTALTL_BE) stock is negative.

Oriental Trimex 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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