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

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

10 day averaged volume of Rose Merc is 1071

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 122.60 122.60 122.60 122.60 0.064 times
15 Wed May 2024 120.20 120.20 120.20 120.20 0.625 times
14 Tue May 2024 117.85 120.25 120.25 117.85 1.087 times
13 Mon May 2024 120.25 120.25 120.25 119.90 0.328 times
10 Fri May 2024 114.55 113.35 114.55 113.00 1.33 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 117.7, but if it comes below 117.7, then a intra day sell could be more profitable.
If you take a sell trade below 117.7, then use 117.7 as stoploss and 109.34 as target. However if you take a buy trade in stock , then use 117.7 as stoploss and 127.8 as target.

Share price targets for Rose Merc (RoseMerc)

Target Type Value
Downside Target 94.20
Downside Target 97.40
Downside Target 106.00
Downside Target 108.90
Downside Target 113.15
Downside Target 117.85
Downside Target 122.60
Upside Target 127.40
Upside Target 143.00
Upside Target 144.80
Upside Target 159.85
Upside Target 193.90
Upside Target 197.75

Intraday share price targets for Rose Merc (RoseMerc)

Target Type Value
Downside Intraday Target 119.43
Downside Intraday Target 116.27
Upside Intraday Target 124.18
Upside Intraday Target 125.77
Downside Intraday Target 121.02

Weekly technical analysis of Rose Merc (RoseMerc)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 122.60 120.25 122.60 117.85 0.274 times
10 Fri May 2024 114.55 102.95 114.55 94.20 0.653 times
03 Fri May 2024 98.45 102.95 106.00 97.40 0.885 times
26 Fri Apr 2024 103.10 113.00 119.85 99.75 1.408 times
19 Fri Apr 2024 117.25 122.05 127.40 113.15 1.624 times

Price has moved up 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 Rose Merc (RoseMerc)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 122.60 105.95 122.60 94.20 0.225 times
30 Tue Apr 2024 101.95 126.45 143.00 97.95 0.235 times
28 Thu Mar 2024 129.00 151.95 159.85 119.85 1.637 times
29 Thu Feb 2024 144.80 197.75 197.75 144.80 1.468 times

Price has moved up 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 Rose Merc (RoseMerc)

Indicator Name Indicator Value Indicator Signal
ADX 32, 19, 25 Buy
MACD -6, -11Buy
Stochastics 97Buy
CCI 94Buy
RSI 56Buy
OBV -23089Sell
VWAP 108Buy
ADL 0Sell
ROC 21Buy
Force Index 0Sell

Price action analysis of Rose Merc ( (RoseMerc) ) based on a short 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.

Price action analysis of Rose Merc ( (RoseMerc) ) based on a short 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.

Price action analysis of Rose Merc ( (RoseMerc) ) based on a short to mid 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 Rose Merc ( (RoseMerc) ) 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 Rose Merc stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Rose Merc in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Rose Merc Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Rose Merc in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 Rose Merc is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 107.79 and Rose Merc (RoseMerc) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Rose Merc (RoseMerc) stock. Volume based technical analysis of Rose Merc (RoseMerc) stock is negative.

Rose Merc 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.

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