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

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

10 day averaged volume of Olectra is 89430

Date Daily Closing Price Open High Low Volume
07 Tue May 2024 1635.15 1680.25 1690.60 1625.10 1.209 times
06 Mon May 2024 1676.75 1711.05 1721.85 1660.00 0.372 times
03 Fri May 2024 1709.60 1725.20 1741.40 1702.15 0.335 times
02 Thu May 2024 1721.80 1727.40 1743.15 1719.50 0.318 times
30 Tue Apr 2024 1726.05 1749.85 1755.45 1712.05 0.323 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 1624.1, for a target of 1705.3 or 1772.95

Share price targets for Olectra (Olectra)

Target Type Value
Downside Target 1328.05
Downside Target 1550.00
Downside Target 1600.05
Upside Target 1700.00
Upside Target 1777.95
Upside Target 1818.00
Upside Target 1822.00
Upside Target 1833.45
Upside Target 1936.95
Upside Target 2011.85
Upside Target 2012.45
Upside Target 2222.00

Intraday share price targets for Olectra (Olectra)

Target Type Value
Downside Intraday Target 1599.55
Downside Intraday Target 1563.95
Upside Intraday Target 1696.3
Upside Intraday Target 1757.45
Upside Intraday Target 1660.7

Weekly technical analysis of Olectra (Olectra)

Date Weekly Closing Price Open High Low Volume
07 Tue May 2024 1635.15 1711.05 1721.85 1625.10 0.753 times
03 Fri May 2024 1709.60 1766.85 1777.95 1702.15 0.317 times
26 Fri Apr 2024 1746.05 1786.50 1833.45 1600.05 1.185 times
19 Fri Apr 2024 1751.55 1705.05 1822.00 1700.00 2.478 times
12 Fri Apr 2024 1827.55 1936.95 1936.95 1818.00 0.524 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 Olectra (Olectra)

Date Monthly Closing Price Open High Low Volume
07 Tue May 2024 1635.15 1727.40 1743.15 1625.10 0.11 times
30 Tue Apr 2024 1726.05 1902.95 2012.45 1600.05 0.838 times
28 Thu Mar 2024 1888.75 1983.95 2011.85 1550.00 0.506 times
29 Thu Feb 2024 1966.80 1758.85 2222.00 1714.15 0.817 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 Olectra (Olectra)

Indicator Name Indicator Value Indicator Signal
ADX 10, 39, 58 Sell
MACD -65, -45Sell
Stochastics 32None
CCI -153Sell
RSI 55Buy
OBV -1080388Sell
VWAP 1733Sell
ADL 0Sell
ROC -9Sell
Force Index 0Sell

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

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

Olectra 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 Olectra 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 positive zone. This is a BUY zone

Stock of Olectra is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1732.6 and Olectra (Olectra) 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 Olectra (Olectra) stock. Volume based technical analysis of Olectra (Olectra) stock is negative.

Olectra 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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