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

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

10 day averaged volume of Chenferro is 5349

Date Daily Closing Price Open High Low Volume
21 Tue May 2024 122.45 127.00 127.00 122.15 1.104 times
20 Mon May 2024 126.80 130.30 130.30 125.00 0.4 times
17 Fri May 2024 130.30 134.00 134.00 126.50 3.207 times
16 Thu May 2024 138.25 135.00 139.35 134.60 0.777 times
15 Wed May 2024 134.55 128.75 138.95 128.75 0.97 times

My analysis of stock is bearish for shortterm, and stock might move down till 118.1 or till 108.3. Use a stoploss of 126.38 and if the stock hits stoploss, then it can shoot up till 134.61

Share price targets for Chenferro (Chenferro)

Target Type Value
Downside Target 103.00
Downside Target 105.90
Downside Target 111.70
Downside Target 121.00
Upside Target 129.50
Upside Target 130.30
Upside Target 131.90
Upside Target 136.40
Upside Target 139.35
Upside Target 139.75
Upside Target 148.00

Intraday share price targets for Chenferro (Chenferro)

Target Type Value
Downside Intraday Target 119.63
Downside Intraday Target 116.82
Upside Intraday Target 127.78
Upside Intraday Target 133.12
Upside Intraday Target 124.97

Weekly technical analysis of Chenferro (Chenferro)

Date Weekly Closing Price Open High Low Volume
21 Tue May 2024 122.45 130.30 130.30 122.15 0.27 times
17 Fri May 2024 130.30 129.50 139.35 126.00 0.331 times
10 Fri May 2024 128.85 131.00 148.00 126.20 2.691 times
03 Fri May 2024 128.10 118.00 131.90 114.15 2.223 times
26 Fri Apr 2024 117.55 114.00 121.00 112.00 0.964 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 Chenferro (Chenferro)

Date Monthly Closing Price Open High Low Volume
21 Tue May 2024 122.45 116.00 148.00 114.15 2.815 times
30 Tue Apr 2024 116.00 106.00 121.00 105.90 0.709 times
28 Thu Mar 2024 105.45 121.00 129.50 103.00 1.022 times
29 Thu Feb 2024 121.75 132.05 136.40 111.70 0.866 times

Price has moved up this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Chenferro (Chenferro)

Indicator Name Indicator Value Indicator Signal
ADX 24, 23, 4 Buy
MACD 5, 6Sell
Stochastics 10Sell
CCI -135Sell
RSI 51Buy
OBV 84378Sell
VWAP 131Sell
ADL 0Sell
ROC -13Sell
Force Index 0Sell

Price action analysis of Chenferro ( (Chenferro) ) 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 Chenferro ( (Chenferro) ) 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 Chenferro ( (Chenferro) ) based on a short to mid 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 Chenferro ( (Chenferro) ) based on a mid to longer term time period is

ADX buy sell signal for Chenferro stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

Chenferro 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 Chenferro 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 Chenferro is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 131.2 and Chenferro (Chenferro) 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 Chenferro (Chenferro) stock. Volume based technical analysis of Chenferro (Chenferro) stock is negative.

Chenferro 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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