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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 2024-09-23 View latest technical analysis

10 day averaged volume of Damoindus is 3272

Date	Daily Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	47.55	47.80	48.60	47.00	0.653 times
20 Fri Sep 2024	47.88	48.07	48.66	47.58	0.576 times
19 Thu Sep 2024	48.49	48.50	48.50	47.42	0.462 times
18 Wed Sep 2024	47.97	49.99	54.79	47.52	1.12 times
17 Tue Sep 2024	48.40	48.12	49.45	48.00	1.309 times
16 Mon Sep 2024	48.88	50.39	50.39	48.06	0.792 times
13 Fri Sep 2024	49.51	50.20	50.51	49.25	0.425 times
12 Thu Sep 2024	49.19	49.57	49.95	48.61	0.572 times
11 Wed Sep 2024	48.78	48.48	51.25	47.71	3.073 times
10 Tue Sep 2024	47.53	47.59	48.78	47.15	1.21 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 47.7, but if it comes above 47.7, then a intra day buy could be more profitable.
If you take a sell trade below 47.7, then use 47.7 as stoploss and 47 as target. However if you take a buy trade in stock , then use 47.7 as stoploss and 48.4 as target.

Share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Target	41.09
Downside Target	44.90
Downside Target	45.95
Upside Target	49.89
Upside Target	50.08
Upside Target	51.25
Upside Target	53.10
Upside Target	54.79
Upside Target	54.99
Upside Target	55.00
Upside Target	57.90

Intraday share price targets for Damoindus (Damoindus)

Target Type	Value
Downside Intraday Target	46.83
Downside Intraday Target	46.12
Upside Intraday Target	48.43
Upside Intraday Target	49.32
Upside Intraday Target	47.72

Weekly technical analysis of Damoindus (Damoindus)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Mon Sep 2024	47.55	47.80	48.60	47.00	0.153 times
20 Fri Sep 2024	47.88	50.39	54.79	47.42	0.742 times
13 Fri Sep 2024	49.51	45.95	51.25	45.95	0.536 times
06 Fri Sep 2024	48.35	48.01	49.89	44.90	2.694 times
30 Fri Aug 2024	48.55	50.02	50.08	48.13	0.294 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 Mon Sep 2024	47.55	48.01	54.79	44.90	0.564 times
30 Fri Aug 2024	48.55	50.90	53.10	46.55	0.762 times
31 Wed Jul 2024	50.41	51.09	55.00	48.00	1.285 times
28 Fri Jun 2024	51.94	51.00	54.99	41.09	1.358 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 to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Damoindus ( (Damoindus) ) 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 Damoindus stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

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

Damoindus Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 48.41 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 is giving positive 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.