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

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

10 day averaged volume of Omnitex Ind is 656

Date Daily Closing Price Open High Low Volume
07 Tue May 2024 173.50 173.45 180.75 173.45 0.027 times
06 Mon May 2024 182.55 191.65 191.65 182.55 0.968 times
03 Fri May 2024 182.55 175.60 182.55 172.00 0.497 times
02 Thu May 2024 180.95 170.85 187.10 170.80 1.107 times
30 Tue Apr 2024 178.25 178.25 178.25 178.25 0.003 times

My analysis of stock is bearish for shortterm, and stock might move down till 168.2 or till 159.9. Use a stoploss of 175.06 and if the stock hits stoploss, then it can shoot up till 181.97

Share price targets for Omnitex Ind (OmnitexInd)

Target Type Value
Downside Target 113.75
Downside Target 120.55
Downside Target 141.00
Downside Target 148.10
Downside Target 158.60
Downside Target 169.25
Upside Target 179.25
Upside Target 181.00
Upside Target 187.10
Upside Target 189.95
Upside Target 191.65

Intraday share price targets for Omnitex Ind (OmnitexInd)

Target Type Value
Downside Intraday Target 167.42
Downside Intraday Target 161.33
Upside Intraday Target 185.62
Upside Intraday Target 197.73
Upside Intraday Target 179.53

Weekly technical analysis of Omnitex Ind (OmnitexInd)

Date Weekly Closing Price Open High Low Volume
07 Tue May 2024 173.50 191.65 191.65 173.45 0.409 times
03 Fri May 2024 182.55 175.20 187.10 158.60 0.37 times
26 Fri Apr 2024 166.90 171.00 179.25 151.05 83.154 times
19 Fri Apr 2024 179.95 189.95 189.95 171.00 0.037 times
12 Fri Apr 2024 180.95 171.00 181.00 171.00 2.046 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 Omnitex Ind (OmnitexInd)

Date Monthly Closing Price Open High Low Volume
07 Tue May 2024 173.50 170.85 191.65 170.80 0.243 times
30 Tue Apr 2024 178.25 169.00 189.95 151.05 1.303 times
28 Thu Mar 2024 161.20 162.70 169.25 148.10 0.056 times
29 Thu Feb 2024 166.00 129.00 169.30 120.55 1.444 times

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 Omnitex Ind (OmnitexInd)

Indicator Name Indicator Value Indicator Signal
ADX 28, 25, 4 Buy
MACD 10, 10Sell
Stochastics 73Buy
CCI 34Sell
RSI 46Sell
OBV 2502Sell
VWAP 169Buy
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Omnitex Ind ( (OmnitexInd) ) based on a short 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 Omnitex Ind ( (OmnitexInd) ) 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 Omnitex Ind ( (OmnitexInd) ) 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 Omnitex Ind ( (OmnitexInd) ) 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 Omnitex Ind stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Omnitex Ind in short term but the sell signal is initial and weak.

Omnitex Ind 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 coming down

CCI has generated a SELL signal for Omnitex Ind in short term but SELL signal is weak.

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 Omnitex Ind is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 169.3 and Omnitex Ind (OmnitexInd) 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 Omnitex Ind (OmnitexInd) stock. Volume based technical analysis of Omnitex Ind (OmnitexInd) stock is negative.

Omnitex Ind 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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