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

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

Showing technical analysis as on 2024-02-23 View latest technical analysis

10 day averaged volume of Damoindus is 9043

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	56.27	57.10	57.92	54.50	2.265 times
22 Thu Feb 2024	57.66	55.80	57.98	55.65	0.538 times
21 Wed Feb 2024	56.28	57.89	58.89	55.16	1.117 times
20 Tue Feb 2024	57.91	58.06	59.69	56.15	1.292 times
19 Mon Feb 2024	58.98	57.07	60.00	57.07	1.288 times
16 Fri Feb 2024	57.07	55.00	59.69	55.00	0.801 times
15 Thu Feb 2024	59.34	55.16	60.00	55.16	1.223 times
14 Wed Feb 2024	56.88	52.10	58.00	52.05	0.704 times
13 Tue Feb 2024	54.48	55.39	55.39	51.50	1.609 times
12 Mon Feb 2024	55.21	59.53	61.00	52.15	0.231 times

Stock of Damoindus (Damoindus) 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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 56 as stoploss in an intra day buy trade for a target of 58.67. However, stock will show a bearish move below 56.

Share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Target	45.10
Downside Target	47.55
Downside Target	48.66
Downside Target	51.50
Downside Target	54.00
Downside Target	55.90
Upside Target	60.00
Upside Target	61.00
Upside Target	62.40
Upside Target	65.56
Upside Target	68.00
Upside Target	68.05

Intraday share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Intraday Target	53.85
Downside Intraday Target	51.42
Upside Intraday Target	59.35
Upside Intraday Target	62.42
Upside Intraday Target	56.92

Weekly technical analysis of Damoindus (Damoindus)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	56.27	57.07	60.00	54.50	1.423 times
16 Fri Feb 2024	57.07	59.53	61.00	51.50	0.253 times
09 Fri Feb 2024	58.36	67.92	68.05	56.43	0.763 times
02 Fri Feb 2024	64.99	58.15	68.00	55.99	6.473 times
25 Thu Jan 2024	57.74	62.00	62.40	54.00	0.637 times

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

Monthly technical analysis of Damoindus (Damoindus)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	56.27	57.05	68.05	51.50	0.787 times
31 Wed Jan 2024	56.28	50.24	65.56	47.55	4.551 times
29 Fri Dec 2023	49.65	49.05	54.45	45.10	1.258 times
30 Thu Nov 2023	49.05	49.99	54.00	48.66	0.627 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 Damoindus (Damoindus)

Price action analysis of Damoindus ( (Damoindus) ) 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 Damoindus ( (Damoindus) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Damoindus ( (Damoindus) ) 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 Damoindus ( (Damoindus) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

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

MACD generated a SELL signal for Damoindus in short term but the sell signal is initial and weak.

Damoindus 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. Bulls are getting tired and bears are picking up momentum.

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

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Damoindus is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 57 and Damoindus (Damoindus) 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 Damoindus (Damoindus) stock. Volume based technical analysis of Damoindus (Damoindus) stock is negative.

Damoindus 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.