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(SrmEnergy) Srm Energy complete technical analysis [charts+indicators] | Buy/Sell Srm Energy | (SrmEnergy) share price targets

Complete technical analysis of Srm Energy (SrmEnergy) by charts plus indicators, forecast predictions and share price targets for Srm Energy (SrmEnergy)

10 day averaged volume of Srm Energy is 3734

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 22.07 22.07 22.07 22.07 2.479 times
29 Mon Apr 2024 22.52 22.52 22.52 22.52 1.13 times
26 Fri Apr 2024 22.97 22.97 22.97 22.97 2.709 times
25 Thu Apr 2024 23.43 23.43 23.43 23.43 0.308 times
24 Wed Apr 2024 23.90 23.90 23.90 23.90 0.892 times

Stock of Srm Energy (SrmEnergy) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.9, but if it comes above 22.9, then a intra day buy could be more profitable.
If you take a sell trade below 22.9, then use 22.9 as stoploss and 20.7 as target. However if you take a buy trade in stock , then use 22.9 as stoploss and 24.65 as target.

Share price targets for Srm Energy (SrmEnergy)

Target Type Value
Downside Target 10.88
Downside Target 15.72
Downside Target 21.01
Downside Target 22.07
Upside Target 22.52
Upside Target 22.97
Upside Target 24.19
Upside Target 25.37
Upside Target 25.62
Upside Target 26.93
Upside Target 28.03
Upside Target 36.54
Upside Target 39.54

Intraday share price targets for Srm Energy (SrmEnergy)

Target Type Value
Downside Intraday Target 21.92
Downside Intraday Target 21.77
Upside Intraday Target 22.37
Upside Intraday Target 22.67
Upside Intraday Target 22.22

Weekly technical analysis of Srm Energy (SrmEnergy)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 22.07 22.52 22.52 22.07 0.732 times
26 Fri Apr 2024 22.97 24.87 24.87 22.97 1.932 times
19 Fri Apr 2024 25.37 26.93 26.93 25.37 0.263 times
12 Fri Apr 2024 27.47 25.43 28.03 25.43 0.446 times
05 Fri Apr 2024 24.22 24.34 24.34 21.01 17.954 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 Srm Energy (SrmEnergy)

Date Monthly Closing Price Open High Low Volume
30 Tue Apr 2024 22.07 24.34 28.03 21.01 2.376 times
28 Thu Mar 2024 25.62 37.27 39.54 25.62 0.23 times
29 Thu Feb 2024 36.54 24.67 36.54 24.67 1.876 times
31 Wed Jan 2024 24.19 16.03 24.19 16.03 4.635 times

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Srm Energy (SrmEnergy)

Indicator Name Indicator Value Indicator Signal
ADX 24, 75, 52 Sell
MACD -3, -2Sell
Stochastics 0Sell
CCI -117Sell
RSI 60Buy
OBV -29500Sell
VWAP 23Sell
ADL 0Sell
ROC -18Sell
Force Index 0Sell

Price action analysis of Srm Energy ( (SrmEnergy) ) based on a short term time period is

Price action analysis of Srm Energy ( (SrmEnergy) ) based on a short term time period is

Price action analysis of Srm Energy ( (SrmEnergy) ) based on a short to mid term time period is

Price action analysis of Srm Energy ( (SrmEnergy) ) 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 Srm Energy stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Srm Energy in short term and the sell signal is strong.

Srm Energy Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls 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 Srm Energy 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 Srm Energy is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 23.39 and Srm Energy (SrmEnergy) 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 Srm Energy (SrmEnergy) stock. Volume based technical analysis of Srm Energy (SrmEnergy) stock is negative.

Srm Energy 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.

Click here for Srm Energy charts

Click here for further forecast and predictions for tomorrow

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