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Stock analysis Race Eco Chain Limited RACE

More indepth analysis on MunafaSutra.com

Moving Averages for Race Eco Chain Limited

  • 5Day Average: 326.66
  • 12Day Average: 336.23
  • 20Day Average: 340.2
  • 50Day Average: 352.93
  • 100Day Average: 371.81
  • 150Day Average: 387.82
  • 200Day Average: 382.5

RACE Indicators & signals

Indicator MACD (12,26,9)

333.89, 341.97, -6.49
Indicator MACD is in negative zone

Indicator ADX (14)

6.11, 22.75, 20.13
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RACE Race Eco Chain Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
29 Wed Jan 2025 325.45 323.00 to 335.15 0.17% 0.47 times
28 Tue Jan 2025 324.90 315.05 to 363.95 2.62% 4.37 times
27 Mon Jan 2025 316.60 311.20 to 328.55 -3.68% 0.75 times
24 Fri Jan 2025 328.70 325.90 to 339.40 -2.65% 0.56 times
23 Thu Jan 2025 337.65 331.25 to 344.00 -1.27% 0.34 times
22 Wed Jan 2025 342.00 332.00 to 344.45 -0.07% 0.66 times
21 Tue Jan 2025 342.25 339.00 to 342.75 0.32% 0.22 times
20 Mon Jan 2025 341.15 336.05 to 343.95 -0.86% 0.26 times
17 Fri Jan 2025 344.10 342.00 to 347.85 0.47% 0.64 times
16 Thu Jan 2025 342.50 341.20 to 351.00 -1.21% 0.79 times
15 Wed Jan 2025 346.70 340.00 to 351.45 1.15% 1.41 times
14 Tue Jan 2025 342.75 339.50 to 350.05 1.5% 1.07 times

Technical analysis forecast for Race Eco Chain 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 Race Eco Chain Limited RACE at this time. Stock is falling and might fall more.

It appears as if Race Eco Chain Limited RACE gave a large move recently.

Stock of Race Eco Chain Limited (RACE) 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 Race Eco Chain Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Race Eco Chain Limited stays below 328.4, but if it comes above 328.4, then a intra day buy could be more profitable.
If you take a sell trade below 328.4, then use 328.4 as stoploss and 315.7 as target. However if you take a buy trade in Race Eco Chain Limited, then use 328.4 as stoploss and 338.95 as target.

More indepth analysis on MunafaSutra.com