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

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

Dredging Corporation trades in NSE in Shipping sector.

Showing technical analysis as on 2024-01-12 View latest technical analysis

10 day averaged volume of Dredging Corporation is 417165

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	623.70	625.00	652.30	620.05	2.07 times
11 Thu Jan 2024	620.40	595.00	627.00	594.95	2.022 times
10 Wed Jan 2024	593.60	591.95	595.95	585.05	0.326 times
09 Tue Jan 2024	591.25	593.00	601.70	587.05	0.306 times
08 Mon Jan 2024	589.70	605.30	610.40	587.10	0.629 times
05 Fri Jan 2024	604.35	616.00	621.40	600.00	0.523 times
04 Thu Jan 2024	614.85	620.00	630.90	612.05	0.827 times
03 Wed Jan 2024	616.85	623.75	632.80	613.95	0.627 times
02 Tue Jan 2024	624.40	618.00	633.00	602.15	1.305 times
01 Mon Jan 2024	615.30	601.00	634.90	599.95	2.925 times

Stock of Dredging Corporation (DREDGECORP) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 617.2, but if it comes below 617.2, then a intra day sell could be more profitable.
If you take a sell trade below 617.2, then use 617.2 as stoploss and 598.07 as target. However if you take a buy trade in stock , then use 617.2 as stoploss and 640.1 as target.

Share price targets for Dredging Corporation (DREDGECORP)

Target Type	Value
Downside Target	426.10
Downside Target	450.90
Downside Target	506.50
Downside Target	539.65
Downside Target	574.00
Downside Target	599.95
Downside Target	617.75
Downside Target	621.70
Upside Target	628.70
Upside Target	634.90
Upside Target	652.30

Intraday share price targets for Dredging Corporation (DREDGECORP)

Target Type	Value
Downside Intraday Target	588.4
Downside Intraday Target	553.1
Upside Intraday Target	655.65
Upside Intraday Target	687.6
Downside Intraday Target	620.35

Weekly technical analysis of Dredging Corporation (DREDGECORP)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	623.70	605.30	652.30	585.05	0.862 times
05 Fri Jan 2024	604.35	601.00	634.90	599.95	1.248 times
29 Fri Dec 2023	599.25	577.00	621.70	574.00	1.09 times
22 Fri Dec 2023	572.95	592.00	617.75	545.15	0.399 times
15 Fri Dec 2023	593.45	560.55	628.70	552.70	0.934 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 Dredging Corporation (DREDGECORP)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	623.70	601.00	652.30	585.05	0.346 times
29 Fri Dec 2023	599.25	521.45	628.70	506.50	2.566 times
30 Thu Nov 2023	518.90	468.00	547.00	456.00	0.771 times
31 Tue Oct 2023	467.80	476.30	539.65	426.10	1.446 times

Scroll below to view daily charts

Price has moved up 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 Dredging Corporation (DREDGECORP)

Price action analysis of Dredging Corporation ( (DREDGECORP) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Dredging Corporation ( (DREDGECORP) ) 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 Dredging Corporation ( (DREDGECORP) ) 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 Dredging Corporation ( (DREDGECORP) ) based on a mid to longer 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.

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

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Dredging Corporation 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 weakening, and bulls are picking up momentum!

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 Dredging Corporation in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 Dredging Corporation is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 615.64 and Dredging Corporation (DREDGECORP) 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 Dredging Corporation (DREDGECORP) stock. Volume based technical analysis of Dredging Corporation (DREDGECORP) stock is negative.

Dredging Corporation 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.