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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 1890

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 288.05 299.00 300.85 282.30 1.163 times
16 Thu May 2024 297.10 302.00 302.00 285.00 1.549 times
15 Wed May 2024 288.15 280.00 288.35 280.00 1.782 times
14 Tue May 2024 274.65 268.00 278.45 266.80 0.902 times
13 Mon May 2024 266.80 265.00 275.95 260.10 0.803 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 289 as stoploss in an intra day sell trade for a target of 268.24. However, stock will show a bullish move above 289.

Share price targets for South Magnes (SouthMagnes)

Target Type Value
Downside Target 199.10
Downside Target 207.25
Downside Target 212.20
Downside Target 218.85
Downside Target 232.00
Downside Target 258.00
Downside Target 268.05
Upside Target 288.25
Upside Target 295.50
Upside Target 298.90
Upside Target 302.00
Upside Target 305.95

Intraday share price targets for South Magnes (SouthMagnes)

Target Type Value
Downside Intraday Target 264.77
Downside Intraday Target 241.48
Upside Intraday Target 306.67
Upside Intraday Target 325.28
Downside Intraday Target 283.38

Weekly technical analysis of South Magnes (SouthMagnes)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 288.05 265.00 302.00 260.10 1.632 times
10 Fri May 2024 263.25 298.90 298.90 258.00 0.361 times
03 Fri May 2024 287.05 281.45 305.95 273.45 1.477 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of South Magnes (SouthMagnes)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 288.05 282.00 305.95 258.00 0.705 times
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

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 30, 10, 48 Buy
MACD 22, 20Buy
Stochastics 71Buy
CCI 91Sell
RSI 54Buy
OBV 23034Sell
VWAP 281Buy
ADL 0Sell
ROC 0Buy
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 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 South Magnes stock for short term is BUY. Signal strength is Strong and stock is losing 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 stronger in this stock.

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

CCI has generated a SELL signal for South Magnes in short term but SELL signal is weak.

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 280.52 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 falling down

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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