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

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

10 day averaged volume of Octal is 24

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 17.15 17.15 17.15 17.15 0.667 times
15 Wed May 2024 18.05 19.00 19.00 18.05 0.833 times
13 Mon May 2024 19.00 19.00 19.00 19.00 2.083 times
09 Thu May 2024 19.20 19.20 19.20 19.20 0.042 times
07 Tue May 2024 19.20 19.20 19.20 19.20 0.583 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 17.8, for a target of 18.6 or 19.24

Share price targets for Octal (Octal)

Target Type Value
Downside Target 16.16
Downside Target 17.15
Upside Target 17.82
Upside Target 18.43
Upside Target 19.00
Upside Target 19.48
Upside Target 19.49
Upside Target 19.67
Upside Target 19.79
Upside Target 20.45
Upside Target 20.56
Upside Target 21.10

Intraday share price targets for Octal (Octal)

Target Type Value
Downside Intraday Target 16.53
Downside Intraday Target 15.92
Upside Intraday Target 18.38
Upside Intraday Target 19.62
Upside Intraday Target 17.77

Weekly technical analysis of Octal (Octal)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 17.15 19.00 19.00 17.15 4.778 times
09 Thu May 2024 19.20 19.20 19.20 19.20 1.2 times
30 Tue Apr 2024 19.20 19.30 19.30 19.20 0.068 times
26 Fri Apr 2024 19.30 19.48 19.48 18.43 0.184 times
19 Fri Apr 2024 19.49 20.45 20.45 19.49 7.8 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Octal (Octal)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 17.15 19.20 19.20 17.15 0.03 times
30 Tue Apr 2024 19.20 18.75 20.56 17.82 1.911 times
28 Thu Mar 2024 18.75 18.60 21.10 18.00 0.179 times
29 Thu Feb 2024 18.60 19.53 19.79 17.15 1.312 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 Octal (Octal)

Indicator Name Indicator Value Indicator Signal
ADX 13, 73, 71 Sell
MACD -0, -0Sell
Stochastics 18Sell
CCI -256Sell
RSI 69Buy
OBV -1385Sell
VWAP 19Sell
ADL 0Sell
ROC -12Sell
Force Index 0Sell

Price action analysis of Octal ( (Octal) ) based on a short term time period is

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

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

Octal Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 Octal 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

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Octal is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 19.01 and Octal (Octal) 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 Octal (Octal) stock. Volume based technical analysis of Octal (Octal) stock is negative.

Octal 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.

Click here for Octal charts

Click here for further forecast and predictions for tomorrow

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