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

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

10 day averaged volume of Elnet Tech is 1527

Date Daily Closing Price Open High Low Volume
17 Fri May 2024 338.10 338.95 343.90 335.35 0.394 times
16 Thu May 2024 338.95 333.75 348.50 333.75 1.72 times
15 Wed May 2024 338.45 343.90 347.00 336.20 1.369 times
14 Tue May 2024 341.45 347.95 347.95 335.25 1.179 times
13 Mon May 2024 343.90 351.90 351.90 331.10 0.784 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 340, but if it comes above 340, then a intra day buy could be more profitable.
If you take a sell trade below 340, then use 340 as stoploss and 333.6 as target. However if you take a buy trade in stock , then use 340 as stoploss and 345.27 as target.

Share price targets for Elnet Tech (ElnetTech)

Target Type Value
Downside Target 291.00
Downside Target 300.90
Downside Target 320.00
Downside Target 329.90
Upside Target 350.00
Upside Target 357.00
Upside Target 360.95
Upside Target 361.95
Upside Target 368.90
Upside Target 375.00
Upside Target 399.00

Intraday share price targets for Elnet Tech (ElnetTech)

Target Type Value
Downside Intraday Target 328.83
Downside Intraday Target 319.57
Upside Intraday Target 349.63
Upside Intraday Target 361.17
Upside Intraday Target 340.37

Weekly technical analysis of Elnet Tech (ElnetTech)

Date Weekly Closing Price Open High Low Volume
17 Fri May 2024 338.10 351.90 351.90 331.10 1.196 times
10 Fri May 2024 344.30 357.00 357.00 336.00 0.521 times
03 Fri May 2024 346.85 357.70 361.95 340.05 0.581 times
26 Fri Apr 2024 347.45 341.95 360.95 330.00 1.88 times
19 Fri Apr 2024 340.45 336.00 350.00 329.90 1.476 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 Elnet Tech (ElnetTech)

Date Monthly Closing Price Open High Low Volume
17 Fri May 2024 338.10 355.95 361.95 331.10 0.315 times
30 Tue Apr 2024 354.25 320.00 375.00 320.00 1.282 times
28 Thu Mar 2024 330.65 359.70 368.90 291.00 0.373 times
29 Thu Feb 2024 353.80 322.00 399.00 306.50 0.944 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 Elnet Tech (ElnetTech)

Indicator Name Indicator Value Indicator Signal
ADX 14, 13, 5 Buy
MACD -1, 0Sell
Stochastics 26Sell
CCI -92Sell
RSI 56Buy
OBV -5860Sell
VWAP 341Sell
ADL 0Sell
ROC -3Sell
Force Index 0Sell

Price action analysis of Elnet Tech ( (ElnetTech) ) 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 Elnet Tech ( (ElnetTech) ) 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 Elnet Tech ( (ElnetTech) ) 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 Elnet Tech ( (ElnetTech) ) 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 Elnet Tech stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

Elnet Tech 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 in or above the red cloud Prices appear to be coming down

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

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Elnet Tech is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 341.46 and Elnet Tech (ElnetTech) 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 Elnet Tech (ElnetTech) stock. Volume based technical analysis of Elnet Tech (ElnetTech) stock is negative.

Elnet Tech 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.

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