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(SpentexInds) Spentex Inds complete technical analysis [charts+indicators] | Buy/Sell Spentex Inds | (SpentexInds) share price targets

Complete technical analysis of Spentex Inds (SpentexInds) by charts plus indicators, forecast predictions and share price targets for Spentex Inds (SpentexInds)

Showing technical analysis as on 2023-12-27 View latest technical analysis

10 day averaged volume of Spentex Inds is 6157

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Dec 2023	2.23	2.27	2.27	2.23	6.545 times
26 Tue Dec 2023	2.27	2.31	2.31	2.27	0.058 times
20 Wed Dec 2023	2.31	2.31	2.31	2.31	0.42 times
18 Mon Dec 2023	2.35	2.50	2.50	2.33	2.963 times
15 Fri Dec 2023	2.45	2.45	2.45	2.45	0.007 times
14 Thu Dec 2023	2.45	2.45	2.45	2.45	0.333 times
13 Wed Dec 2023	2.34	2.34	2.34	2.34	0.008 times
12 Tue Dec 2023	2.23	2.23	2.23	2.23	0.008 times
11 Mon Dec 2023	2.13	2.31	2.31	2.12	1.692 times
08 Fri Dec 2023	2.22	2.25	2.43	2.22	2.476 times

Stock of Spentex Inds (SpentexInds) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 2.3, but if it comes above 2.3, then a intra day buy could be more profitable.
If you take a sell trade below 2.3, then use 2.3 as stoploss and 2.1 as target. However if you take a buy trade in stock , then use 2.3 as stoploss and 2.43 as target.

Share price targets for Spentex Inds (SpentexInds)

Target Type	Value
Downside Target	1.52
Downside Target	2.03
Downside Target	2.12
Downside Target	2.22
Upside Target	2.31
Upside Target	2.45
Upside Target	2.50
Upside Target	2.55
Upside Target	2.61
Upside Target	2.70
Upside Target	2.74
Upside Target	2.76
Upside Target	3.55

Intraday share price targets for Spentex Inds (SpentexInds)

Target Type	Value
Downside Intraday Target	2.2
Downside Intraday Target	2.18
Upside Intraday Target	2.28
Upside Intraday Target	2.34
Upside Intraday Target	2.26

Weekly technical analysis of Spentex Inds (SpentexInds)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Dec 2023	2.23	2.31	2.31	2.23	1.952 times
20 Wed Dec 2023	2.31	2.50	2.50	2.31	1.652 times
15 Fri Dec 2023	2.45	2.31	2.45	2.12	0.203 times
08 Fri Dec 2023	2.22	2.52	2.76	2.22	0.604 times
30 Thu Nov 2023	2.64	2.61	2.70	2.61	0.582 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Spentex Inds (SpentexInds)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Wed Dec 2023	2.23	2.52	2.76	2.12	0.24 times
30 Thu Nov 2023	2.64	2.60	2.74	2.55	1.44 times
31 Tue Oct 2023	2.55	2.16	2.55	2.03	0.476 times
29 Fri Sep 2023	2.12	2.45	2.57	1.52	0.806 times

Scroll below to view daily charts

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Spentex Inds (SpentexInds)

Price action analysis of Spentex Inds ( (SpentexInds) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Spentex Inds ( (SpentexInds) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Spentex Inds ( (SpentexInds) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Spentex Inds stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Spentex Inds in short term and the sell signal is strong.

Spentex Inds Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Spentex Inds in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Spentex Inds is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.25 and Spentex Inds (SpentexInds) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Spentex Inds (SpentexInds) stock. Volume based technical analysis of Spentex Inds (SpentexInds) stock is negative.

Spentex Inds Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.