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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 52683

Date Daily Closing Price Open High Low Volume
21 Tue May 2024 1703.90 1720.90 1725.00 1696.60 0.329 times
20 Mon May 2024 1721.40 1706.95 1729.80 1691.80 0.14 times
17 Fri May 2024 1693.80 1706.20 1709.05 1688.35 0.266 times
16 Thu May 2024 1693.35 1729.90 1729.90 1681.05 1.197 times
15 Wed May 2024 1709.90 1638.65 1725.00 1634.70 1.024 times

My analysis of stock is bullish for shortterm, and stock might move up till 1752.7 or till 1819.4. Use a stoploss of 1697.18 and if this stock hits its stoploss, then it can fall down till 1641.62

Share price targets for Olectra (Olectra)

Target Type Value
Downside Target 1328.05
Downside Target 1550.00
Downside Target 1592.50
Downside Target 1691.80
Upside Target 1729.90
Upside Target 1743.15
Upside Target 1777.95
Upside Target 1808.50
Upside Target 1833.45
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 1687.2
Downside Intraday Target 1670.5
Upside Intraday Target 1725.2
Upside Intraday Target 1746.5
Upside Intraday Target 1708.5

Weekly technical analysis of Olectra (Olectra)

Date Weekly Closing Price Open High Low Volume
21 Tue May 2024 1703.90 1706.95 1729.80 1691.80 0.079 times
17 Fri May 2024 1693.80 1609.90 1729.90 1560.00 0.936 times
10 Fri May 2024 1610.00 1711.05 1721.85 1592.50 1.771 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

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 Olectra (Olectra)

Date Monthly Closing Price Open High Low Volume
21 Tue May 2024 1703.90 1727.40 1743.15 1560.00 0.402 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 18, 23, 10 Sell
MACD -50, -64Buy
Stochastics 86Buy
CCI 78Sell
RSI 55Buy
OBV -527559Sell
VWAP 1647Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Olectra ( (Olectra) ) 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 Olectra ( (Olectra) ) 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Olectra 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.

Olectra 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 coming down

CCI has generated a SELL signal for Olectra in short term but SELL signal is weak.

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 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 1646.76 and Olectra (Olectra) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Olectra (Olectra) stock. Volume based technical analysis of Olectra (Olectra) stock is negative.

Olectra Stock is giving positive 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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