(VelanHotels) Velan Hotels complete technical analysis [charts+indicators] | Buy/Sell Velan Hotels | (VelanHotels) share price targets
Complete technical analysis of Velan Hotels (VelanHotels) by charts plus indicators, forecast predictions and share price targets for Velan Hotels (VelanHotels)
10 day averaged volume of Velan Hotels is 32252
| Date | Daily Closing Price | Open | High | Low | Volume |
| 20 Mon May 2024 | 6.68 | 6.10 | 6.68 | 6.10 | 0.112 times |
| 17 Fri May 2024 | 6.40 | 6.57 | 6.75 | 6.20 | 1.366 times |
| 16 Thu May 2024 | 6.44 | 6.45 | 6.59 | 6.20 | 0.539 times |
| 15 Wed May 2024 | 6.32 | 6.19 | 6.45 | 5.91 | 2.63 times |
| 14 Tue May 2024 | 6.16 | 6.17 | 6.22 | 5.83 | 0.139 times |
My analysis of stock is bullish for shortterm, and stock might move up till 7.3 or till 8. Use a stoploss of 6.67 and if this stock hits its stoploss, then it can fall down till 6.05
Share price targets for Velan Hotels (VelanHotels)
| Target Type | Value |
| Downside Target | 5.27 |
| Downside Target | 5.67 |
| Downside Target | 6.10 |
| Downside Target | 6.50 |
| Upside Target | 6.75 |
| Upside Target | 6.84 |
| Upside Target | 6.92 |
| Upside Target | 7.50 |
| Upside Target | 8.06 |
| Upside Target | 8.46 |
| Upside Target | 8.49 |
Intraday share price targets for Velan Hotels (VelanHotels)
| Target Type | Value |
| Downside Intraday Target | 6.29 |
| Downside Intraday Target | 5.91 |
| Upside Intraday Target | 6.87 |
| Upside Intraday Target | 7.07 |
| Downside Intraday Target | 6.49 |
Weekly technical analysis of Velan Hotels (VelanHotels)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 20 Mon May 2024 | 6.68 | 6.10 | 6.68 | 6.10 | 0.021 times |
| 17 Fri May 2024 | 6.40 | 6.24 | 6.75 | 5.70 | 0.983 times |
| 10 Fri May 2024 | 5.99 | 6.50 | 6.50 | 5.67 | 0.538 times |
| 03 Fri May 2024 | 6.58 | 8.20 | 8.46 | 6.58 | 1.328 times |
| 26 Fri Apr 2024 | 8.06 | 6.65 | 8.06 | 6.65 | 2.803 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 Velan Hotels (VelanHotels)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 20 Mon May 2024 | 6.68 | 6.92 | 6.92 | 5.67 | 0.317 times |
| 30 Tue Apr 2024 | 7.28 | 5.62 | 8.46 | 5.32 | 1.071 times |
| 28 Thu Mar 2024 | 5.43 | 6.55 | 6.84 | 5.27 | 3.814 times |
| 29 Thu Feb 2024 | 6.29 | 7.27 | 7.50 | 6.10 | 0.786 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 Velan Hotels (VelanHotels)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 22, 24, 5 | Sell |
| MACD | 0, -0 | Buy |
| Stochastics | 74 | Buy |
| CCI | 117 | Buy |
| RSI | 47 | Sell |
| OBV | 24212 | Sell |
| VWAP | 6 | Buy |
| ADL | 0 | Sell |
| ROC | 7 | Buy |
| Force Index | 0 | Sell |
Price action analysis of Velan Hotels ( (VelanHotels) ) 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 Velan Hotels ( (VelanHotels) ) 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 Velan Hotels ( (VelanHotels) ) 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 Velan Hotels ( (VelanHotels) ) 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 Velan Hotels stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Velan Hotels in short term but the buy signal is initial and weak.
MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.
Velan Hotels 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 moving up
CCI has generated a buy signal for Velan Hotels in short term and BUY signal is strong.
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Velan Hotels is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 6.18 and Velan Hotels (VelanHotels) 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 Velan Hotels (VelanHotels) stock. Volume based technical analysis of Velan Hotels (VelanHotels) stock is negative.
Velan Hotels 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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