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(ELGIRUBCO_BE) Elgi Rubber Weekly charts technical analysis

(ELGIRUBCO_BE) Elgi Rubber Weekly charts technical analysis Weekly analysis of Elgi Rubber | Buy/Sell Elgi Rubber

10 day averaged volume of Elgi Rubber is 36333

Date	Closing Price	Open	High	Low	Volume
25 Thu Jan 2024	59.85	55.50	60.85	55.00	0.172 Mn
19 Fri Jan 2024	55.50	57.75	57.80	52.50	0.164 Mn
12 Fri Jan 2024	55.00	59.35	59.35	55.00	0.113 Mn
05 Fri Jan 2024	58.20	56.70	58.20	55.60	0.151 Mn
29 Fri Dec 2023	57.85	58.05	61.45	57.85	0.109 Mn
22 Fri Dec 2023	59.10	65.00	65.00	59.10	0.14 Mn
15 Fri Dec 2023	65.30	68.45	68.45	64.55	0.373 Mn
08 Fri Dec 2023	65.20	55.80	65.20	54.40	0.447 Mn
01 Fri Dec 2023	55.10	56.95	59.75	55.00	0.243 Mn
24 Fri Nov 2023	56.95	60.40	60.75	55.05	0.263 Mn

Indicators analysis of Elgi Rubber (ELGIRUBCO_BE)

Price action analysis of Elgi Rubber ( (ELGIRUBCO_BE) ) 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 Elgi Rubber ( (ELGIRUBCO_BE) ) 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 Elgi Rubber ( (ELGIRUBCO_BE) ) 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 Elgi Rubber ( (ELGIRUBCO_BE) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Elgi Rubber stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Elgi Rubber in short term and the buy signal is strong.

Elgi Rubber 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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Elgi Rubber in short term but BUY signal is weak.

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

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

Stock of Elgi Rubber is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 60.16 and Elgi Rubber (ELGIRUBCO_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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

Elgi Rubber Stock is giving positive 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.

Weekly charts