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Stock analysis Summit Securities Limited SUMMITSEC

More indepth analysis on MunafaSutra.com

Moving Averages for Summit Securities Limited

  • 5Day Average: 2846.87
  • 12Day Average: 2961.44
  • 20Day Average: 3071.47
  • 50Day Average: 3124.89
  • 100Day Average: 2874.57
  • 150Day Average: 2536.12
  • 200Day Average: 2246.19

SUMMITSEC Indicators & signals

Indicator MACD (12,26,9)

2946.57, 3045.04, -51.68
Indicator MACD is in negative zone

Indicator ADX (14)

43.46, 13.39, 33.97
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

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

Recent prices of SUMMITSEC Summit Securities Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
10 Fri Jan 2025 2630.65 2610.00 to 2827.00 -6.45% 2.9 times
09 Thu Jan 2025 2812.05 2795.00 to 2916.55 -3.15% 1.07 times
08 Wed Jan 2025 2903.50 2896.00 to 2971.05 -2.65% 0.62 times
07 Tue Jan 2025 2982.60 2902.35 to 3020.45 2.65% 0.96 times
06 Mon Jan 2025 2905.55 2874.90 to 3106.50 -6.47% 2.08 times
03 Fri Jan 2025 3106.50 3087.00 to 3140.00 0.51% 0.86 times
02 Thu Jan 2025 3090.85 3058.10 to 3125.00 1.07% 0.75 times
01 Wed Jan 2025 3058.10 3002.10 to 3099.80 1.87% 0.95 times
31 Tue Dec 2024 3002.10 2971.00 to 3039.00 -0.37% 0.62 times
30 Mon Dec 2024 3013.10 2971.10 to 3047.00 0.75% 0.78 times
27 Fri Dec 2024 2990.55 2942.35 to 3081.85 -1.68% 1.31 times
26 Thu Dec 2024 3041.70 3031.05 to 3119.95 -1.14% 0.87 times

Technical analysis forecast for Summit Securities 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 Summit Securities Limited SUMMITSEC at this time. Stock is falling and might fall more.

It appears as if Summit Securities Limited SUMMITSEC gave a large move recently.

Stock of Summit Securities Limited (SUMMITSEC) 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 Summit Securities 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 2623.3, for a target of 2839 or 3018.84

More indepth analysis on MunafaSutra.com