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

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

Showing technical analysis as on 2024-10-31 View latest technical analysis

10 day averaged volume of Promax is 18500

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	42.00	42.29	42.29	42.00	0.27 times
30 Wed Oct 2024	43.93	45.89	45.89	43.00	0.946 times
29 Tue Oct 2024	43.73	42.49	44.45	42.49	0.946 times
28 Mon Oct 2024	42.48	40.75	42.48	40.72	1.216 times
25 Fri Oct 2024	42.86	45.10	45.10	42.85	1.351 times
24 Thu Oct 2024	45.10	45.10	45.10	45.10	0.135 times
23 Wed Oct 2024	45.10	46.02	46.02	45.10	0.405 times
22 Tue Oct 2024	46.02	48.50	48.50	46.02	0.811 times
21 Mon Oct 2024	48.43	45.34	48.65	45.34	1.622 times
18 Fri Oct 2024	46.75	49.90	49.90	46.75	0.405 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 42.4, but if it comes above 42.4, then a intra day buy could be more profitable.
If you take a sell trade below 42.4, then use 42.4 as stoploss and 39.9 as target. However if you take a buy trade in stock , then use 42.4 as stoploss and 44.53 as target.

Share price targets for Promax (Promax)

Target Type	Value
Downside Target	40.05
Upside Target	42.85
Upside Target	44.15
Upside Target	45.89
Upside Target	48.65
Upside Target	49.90
Upside Target	53.99
Upside Target	54.00
Upside Target	57.90
Upside Target	64.51

Intraday share price targets for Promax (Promax)

Target Type	Value
Downside Intraday Target	39.85
Downside Intraday Target	37.7
Upside Intraday Target	45.02
Upside Intraday Target	48.04
Upside Intraday Target	42.87

Weekly technical analysis of Promax (Promax)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	42.00	40.75	45.89	40.72	0.781 times
25 Fri Oct 2024	42.86	45.34	48.65	42.85	1.185 times
18 Fri Oct 2024	46.75	45.04	49.90	45.04	1.038 times
11 Fri Oct 2024	45.04	44.68	45.04	41.14	0.31 times
03 Thu Oct 2024	41.20	41.73	44.96	41.20	0.416 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 Promax (Promax)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	42.00	44.96	49.90	40.72	0.58 times
30 Mon Sep 2024	42.88	53.16	54.00	41.72	1.361 times
30 Fri Aug 2024	55.46	43.40	64.51	40.05	2.261 times
31 Wed Jul 2024	45.62	52.25	53.99	44.15	0.836 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 Promax (Promax)

Price action analysis of Promax ( (Promax) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Promax ( (Promax) ) 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 Promax ( (Promax) ) 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 Promax ( (Promax) ) based on a mid to longer 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.

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

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

Promax 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 red color and prices are below the red cloud Prices appear to be coming down

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

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 44.77 and Promax (Promax) 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 Promax (Promax) stock. Volume based technical analysis of Promax (Promax) stock is negative.

Promax 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.