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

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

10 day averaged volume of South Magnes is 2761

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 282.70 294.10 295.50 281.45 2.524 times
29 Mon Apr 2024 281.45 281.45 281.45 273.45 1.574 times
26 Fri Apr 2024 268.05 268.00 268.05 261.00 1.136 times
25 Thu Apr 2024 255.30 255.00 255.30 247.60 1.078 times
24 Wed Apr 2024 243.15 220.50 243.60 220.50 1.628 times

Stock of South Magnes (SouthMagnes) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 279.8, for a target of 257.5 or 238.95

Share price targets for South Magnes (SouthMagnes)

Target Type Value
Downside Target 182.80
Downside Target 199.10
Downside Target 207.25
Downside Target 212.20
Downside Target 218.85
Downside Target 232.00
Downside Target 239.90
Downside Target 253.40
Downside Target 260.00
Downside Target 268.05
Downside Target 271.50
Downside Target 273.45
Upside Target 288.25
Upside Target 295.50

Intraday share price targets for South Magnes (SouthMagnes)

Target Type Value
Downside Intraday Target 272.27
Downside Intraday Target 261.83
Upside Intraday Target 294.32
Upside Intraday Target 305.93
Upside Intraday Target 283.88

Weekly technical analysis of South Magnes (SouthMagnes)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 282.70 281.45 295.50 273.45 0.84 times
26 Fri Apr 2024 268.05 221.45 268.05 220.50 3.958 times
19 Fri Apr 2024 225.95 225.00 232.00 212.20 0.544 times
12 Fri Apr 2024 226.45 241.40 253.40 223.80 1.38 times
05 Fri Apr 2024 230.95 218.00 239.90 207.25 1.092 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 South Magnes (SouthMagnes)

Date Monthly Closing Price Open High Low Volume
30 Tue Apr 2024 282.70 218.00 295.50 207.25 1.065 times
28 Thu Mar 2024 217.50 250.00 260.00 199.10 1.377 times
29 Thu Feb 2024 252.60 246.60 271.50 218.85 0.541 times
31 Wed Jan 2024 246.60 208.60 288.25 200.00 1.268 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 South Magnes (SouthMagnes)

Indicator Name Indicator Value Indicator Signal
ADX 47, 9, 68 Buy
MACD 17, 8Buy
Stochastics 95Buy
CCI 133Buy
RSI 56Buy
OBV 22115Sell
VWAP 260Buy
ADL 0Sell
ROC 28Buy
Force Index 0Sell

Price action analysis of South Magnes ( (SouthMagnes) ) 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 South Magnes ( (SouthMagnes) ) 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 South Magnes ( (SouthMagnes) ) based on a short to mid 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 South Magnes ( (SouthMagnes) ) based on a mid to longer 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.

ADX buy sell signal for South Magnes stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for South Magnes in short term and the buy signal is strong.

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

South Magnes 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 South Magnes 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 South Magnes is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 259.89 and South Magnes (SouthMagnes) 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 South Magnes (SouthMagnes) stock. Volume based technical analysis of South Magnes (SouthMagnes) stock is negative.

South Magnes Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

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

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