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Stock analysis Magnum Ventures Limited MAGNUM

More indepth analysis on MunafaSutra.com

Moving Averages for Magnum Ventures Limited

  • 5Day Average: 38.99
  • 12Day Average: 39.09
  • 20Day Average: 39.71
  • 50Day Average: 42.56
  • 100Day Average: 45.3
  • 150Day Average: 47.31
  • 200Day Average: 49.3

MAGNUM Indicators & signals

Indicator MACD (12,26,9)

39.38, 40.29, -1
Indicator MACD is in negative zone

Indicator ADX (14)

30.67, 11.66, 21.97
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 49
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MAGNUM Magnum Ventures Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Fri Jan 2025 38.42 38.20 to 39.22 -0.75% 0.36 times
09 Thu Jan 2025 38.71 38.50 to 39.39 -1.33% 0.32 times
08 Wed Jan 2025 39.23 39.03 to 40.90 -1.73% 0.32 times
07 Tue Jan 2025 39.92 38.75 to 41.39 3.29% 0.79 times
06 Mon Jan 2025 38.65 38.21 to 42.00 -5.98% 1.14 times
03 Fri Jan 2025 41.11 40.73 to 41.95 0.32% 1.05 times
02 Thu Jan 2025 40.98 39.40 to 42.30 4.46% 2.5 times
01 Wed Jan 2025 39.23 39.00 to 41.19 -0.25% 1.67 times
31 Tue Dec 2024 39.33 37.62 to 39.40 4.38% 0.53 times
30 Mon Dec 2024 37.68 37.01 to 39.00 0.48% 0.63 times
27 Fri Dec 2024 37.50 36.98 to 39.89 -2.14% 1.04 times
26 Thu Dec 2024 38.32 37.80 to 40.88 -4.44% 1.35 times

Technical analysis forecast for Magnum Ventures 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 Magnum Ventures Limited MAGNUM at this time. Stock is falling and might fall more.

It appears as if Magnum Ventures Limited MAGNUM gave a large move recently.

Stock of Magnum Ventures Limited (MAGNUM) 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...

My analysis of Magnum Ventures Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Magnum Ventures Limited stays below 38.6, but if it comes above 38.6, then a intra day buy could be more profitable.
If you take a sell trade below 38.6, then use 38.6 as stoploss and 37.1 as target. However if you take a buy trade in Magnum Ventures Limited, then use 38.6 as stoploss and 39.86 as target.

More indepth analysis on MunafaSutra.com