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(SHRENIK_BE) Shrenik Weekly charts technical analysis

(SHRENIK_BE) Shrenik Weekly charts technical analysis Weekly analysis of Shrenik | Buy/Sell Shrenik

10 day averaged volume of Shrenik is 1813179

Date	Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	1.00	1.00	1.05	0.90	12.783 Mn
07 Thu Mar 2024	1.00	1.05	1.10	1.00	4.531 Mn
02 Sat Mar 2024	1.05	1.10	1.10	1.00	9.17 Mn
23 Fri Feb 2024	1.10	1.10	1.20	1.05	11.825 Mn
16 Fri Feb 2024	1.05	1.15	1.15	1.05	4.295 Mn
09 Fri Feb 2024	1.15	1.10	1.15	1.05	6.013 Mn
02 Fri Feb 2024	1.10	1.10	1.10	1.10	4.561 Mn
25 Thu Jan 2024	1.10	1.25	1.25	1.05	4.862 Mn
19 Fri Jan 2024	1.25	1.30	1.30	1.15	6.004 Mn
12 Fri Jan 2024	1.35	1.45	1.50	1.35	11.428 Mn

Indicators analysis of Shrenik (SHRENIK_BE)

Price action analysis of Shrenik ( (SHRENIK_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 Shrenik ( (SHRENIK_BE) ) 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 Shrenik ( (SHRENIK_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 Shrenik stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Shrenik Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shrenik in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1.12 and Shrenik (SHRENIK_BE) 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 Shrenik (SHRENIK_BE) stock. Volume based technical analysis of Shrenik (SHRENIK_BE) stock is negative.

Shrenik 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.

Weekly charts