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(OvobelFoods) Ovobel Foods complete technical analysis [charts+indicators] | Buy/Sell Ovobel Foods | (OvobelFoods) share price targets

Complete technical analysis of Ovobel Foods (OvobelFoods) by charts plus indicators, forecast predictions and share price targets for Ovobel Foods (OvobelFoods)

10 day averaged volume of Ovobel Foods is 7488

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 225.50 227.00 232.00 209.95 2.972 times
29 Mon Apr 2024 231.50 232.00 234.95 230.05 0.57 times
26 Fri Apr 2024 229.10 234.05 238.40 227.75 1.022 times
25 Thu Apr 2024 235.30 239.00 239.00 225.00 1.206 times
24 Wed Apr 2024 237.30 236.00 241.00 233.00 0.901 times

Stock of Ovobel Foods (OvobelFoods) 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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 222.3 as stoploss in an intra day buy trade for a target of 231.87. However, stock will show a bearish move below 222.3.

Share price targets for Ovobel Foods (OvobelFoods)

Target Type Value
Downside Target 193.00
Downside Target 202.50
Downside Target 209.95
Downside Target 216.35
Downside Target 224.00
Upside Target 234.95
Upside Target 241.40
Upside Target 256.75
Upside Target 259.10
Upside Target 275.70
Upside Target 276.00
Upside Target 280.00

Intraday share price targets for Ovobel Foods (OvobelFoods)

Target Type Value
Downside Intraday Target 211.98
Downside Intraday Target 198.47
Upside Intraday Target 236.98
Upside Intraday Target 248.47
Downside Intraday Target 223.47

Weekly technical analysis of Ovobel Foods (OvobelFoods)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 225.50 232.00 234.95 209.95 0.701 times
26 Fri Apr 2024 229.10 225.05 241.40 225.00 2.414 times
19 Fri Apr 2024 223.40 216.35 238.30 216.35 0.688 times
12 Fri Apr 2024 235.35 245.20 256.75 228.00 0.33 times
05 Fri Apr 2024 253.10 208.95 259.10 202.50 1.235 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 Ovobel Foods (OvobelFoods)

Date Monthly Closing Price Open High Low Volume
30 Tue Apr 2024 225.50 208.95 259.10 202.50 0.922 times
28 Thu Mar 2024 196.75 226.95 240.00 193.00 0.5 times
29 Thu Feb 2024 220.95 266.05 275.70 193.35 1.086 times
31 Wed Jan 2024 270.10 243.00 280.00 235.05 1.046 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 Ovobel Foods (OvobelFoods)

Indicator Name Indicator Value Indicator Signal
ADX 13, 30, 37 Sell
MACD 1, 2Sell
Stochastics 54None
CCI -173Sell
RSI 54Buy
OBV -4799Sell
VWAP 230Sell
ADL 0Sell
ROC -0Sell
Force Index 0Sell

Price action analysis of Ovobel Foods ( (OvobelFoods) ) 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 Ovobel Foods ( (OvobelFoods) ) 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 Ovobel Foods ( (OvobelFoods) ) 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 Ovobel Foods ( (OvobelFoods) ) 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 Ovobel Foods stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Ovobel Foods Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 Ovobel Foods in short term and SELL signal is strong!

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 Ovobel Foods is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 230.21 and Ovobel Foods (OvobelFoods) 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 Ovobel Foods (OvobelFoods) stock. Volume based technical analysis of Ovobel Foods (OvobelFoods) stock is negative.

Ovobel Foods Stock has given negative 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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