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Stock analysis Aban Offshore Limited ABAN

More indepth analysis on MunafaSutra.com

Moving Averages for Aban Offshore Limited

  • 5Day Average: 60.14
  • 12Day Average: 61.91
  • 20Day Average: 63.45
  • 50Day Average: 64.33
  • 100Day Average: 69.23
  • 150Day Average: 66.51
  • 200Day Average: 60.43

ABAN Indicators & signals

Indicator MACD (12,26,9)

61.67, 63.27, -1.02
Indicator MACD is in negative zone

Indicator ADX (14)

40, 12.89, 30.08
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 55
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of ABAN Aban Offshore Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Fri Jan 2025 56.95 56.56 to 60.00 -5.23% 1.86 times
09 Thu Jan 2025 60.09 59.47 to 62.39 -2.56% 1.21 times
08 Wed Jan 2025 61.67 60.01 to 62.00 -0.19% 1.12 times
07 Tue Jan 2025 61.79 60.20 to 62.20 2.64% 0.8 times
06 Mon Jan 2025 60.20 59.75 to 63.86 -5.92% 1.8 times
03 Fri Jan 2025 63.99 63.64 to 67.04 1.43% 1.53 times
02 Thu Jan 2025 63.09 62.68 to 64.64 -1.47% 0.79 times
01 Wed Jan 2025 64.03 63.50 to 64.50 1.03% 0.41 times
31 Tue Dec 2024 63.38 61.65 to 64.28 2.31% 0.84 times
30 Mon Dec 2024 61.95 61.75 to 63.35 -1.35% 0.85 times
27 Fri Dec 2024 62.80 62.30 to 64.00 -0.21% 0.65 times
26 Thu Dec 2024 62.93 62.50 to 64.84 -1.16% 0.89 times

Technical analysis forecast for Aban Offshore Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Aban Offshore Limited ABAN at this time. Stock is falling and might fall more.

It appears as if Aban Offshore Limited ABAN gave a large move recently.

Stock of Aban Offshore Limited (ABAN) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

Although my analysis for Aban Offshore Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 57.1, for a target of 60.2 or 62.76

More indepth analysis on MunafaSutra.com