(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 6887
| Date | Daily Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 220.85 | 224.30 | 224.75 | 219.00 | 0.389 times |
| 07 Tue May 2024 | 222.10 | 222.00 | 228.50 | 214.25 | 0.632 times |
| 06 Mon May 2024 | 221.30 | 227.00 | 227.00 | 220.00 | 0.42 times |
| 03 Fri May 2024 | 224.65 | 229.25 | 229.25 | 217.95 | 0.619 times |
| 02 Thu May 2024 | 226.60 | 231.80 | 231.80 | 223.00 | 0.687 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 223.9, but if it comes above 223.9, then a intra day buy could be more profitable.
If you take a sell trade below 223.9, then use 223.9 as stoploss and 216.2 as target. However if you take a buy trade in stock , then use 223.9 as stoploss and 230.26 as target.
Share price targets for Ovobel Foods (OvobelFoods)
| Target Type | Value |
| Downside Target | 193.00 |
| Downside Target | 202.50 |
| Downside Target | 209.95 |
| Downside Target | 214.25 |
| Upside Target | 225.00 |
| Upside Target | 238.30 |
| Upside Target | 240.00 |
| Upside Target | 241.40 |
| Upside Target | 256.75 |
| Upside Target | 259.10 |
| Upside Target | 275.70 |
| Upside Target | 280.00 |
Intraday share price targets for Ovobel Foods (OvobelFoods)
| Target Type | Value |
| Downside Intraday Target | 213.9 |
| Downside Intraday Target | 206.95 |
| Upside Intraday Target | 228.15 |
| Upside Intraday Target | 235.45 |
| Upside Intraday Target | 221.2 |
Weekly technical analysis of Ovobel Foods (OvobelFoods)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 08 Wed May 2024 | 220.85 | 227.00 | 228.50 | 214.25 | 0.279 times |
| 03 Fri May 2024 | 224.65 | 232.00 | 234.95 | 209.95 | 0.939 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 |
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 |
| 08 Wed May 2024 | 220.85 | 231.80 | 231.80 | 214.25 | 0.11 times |
| 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 |
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 Ovobel Foods (OvobelFoods)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 9, 27, 49 | Sell |
| MACD | -2, -1 | Sell |
| Stochastics | 37 | None |
| CCI | -79 | Sell |
| RSI | 54 | Buy |
| OBV | -33360 | Sell |
| VWAP | 228 | Sell |
| ADL | 0 | Sell |
| ROC | -4 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Ovobel Foods ( (OvobelFoods) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Ovobel Foods ( (OvobelFoods) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
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
ADX buy sell signal for Ovobel Foods stock for short term is SELL. Signal strength is Strong and stock is losing momentum.
MACD generated a SELL signal for Ovobel Foods in short term and the sell signal is strong.
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. 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 Ovobel Foods 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 positive zone. This is a BUY zone
Stock of Ovobel Foods is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 228.16 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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