Stock analysis Prem. Explosives PREMEXPLN

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Moving Averages for Prem. Explosives

5Day Average: 388.15
12Day Average: 418.42
20Day Average: 429.66
50Day Average: 477.39
100Day Average: 475.58
150Day Average: 1121.02
200Day Average: 1218.73

PREMEXPLN Indicators & signals

Indicator MACD (12,26,9)

411.36, 435.28, -20.49
Indicator MACD is in negative zone

Indicator ADX (14)

24.44, 17.97, 29.59
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of PREMEXPLN Prem. Explosives are as follows: Daily volume is divided by 10 day averaged volume

Date	Close	Range	Change %	Volume
14 Fri Feb 2025	394.30	375.10 to 407.20	3.52%	2.82 times
13 Thu Feb 2025	380.90	376.35 to 416.85	2.67%	4.91 times
12 Wed Feb 2025	371.00	344.95 to 398.55	-4.31%	1.48 times
11 Tue Feb 2025	387.70	385.00 to 411.70	-4.71%	0.48 times
10 Mon Feb 2025	406.85	405.20 to 429.70	-6.1%	0.59 times
07 Fri Feb 2025	433.30	426.20 to 458.35	-3.74%	0.43 times
06 Thu Feb 2025	450.15	441.60 to 464.10	0.59%	0.37 times
05 Wed Feb 2025	447.50	435.25 to 455.00	3.19%	0.56 times
04 Tue Feb 2025	433.65	429.95 to 437.70	1.3%	0.35 times
03 Mon Feb 2025	428.10	425.00 to 444.40	-6.88%	0.27 times
31 Fri Jan 2025	459.75	426.90 to 466.85	7.47%	0.55 times
30 Thu Jan 2025	427.80	420.40 to 440.00	0.61%	0.41 times

Technical analysis forecast for Prem. Explosives 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 Prem. Explosives PREMEXPLN at this time. Stock is falling and might fall more.

It appears as if Prem. Explosives PREMEXPLN gave a large move recently.

Stock of Prem. Explosives (PREMEXPLN) 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 Prem. Explosives is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Prem. Explosives stays below 395.1, but if it comes above 395.1, then a intra day buy could be more profitable.
If you take a sell trade below 395.1, then use 395.1 as stoploss and 357.8 as target. However if you take a buy trade in Prem. Explosives, then use 395.1 as stoploss and 426.07 as target.

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