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

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

10 day averaged volume of Nitco is 37282

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed May 2024	71.85	71.85	71.85	71.85	0.223 times
28 Tue May 2024	73.30	73.30	73.30	73.30	0.666 times
27 Mon May 2024	74.80	74.80	74.80	74.80	1.362 times
24 Fri May 2024	76.30	76.30	76.30	76.30	0.624 times
23 Thu May 2024	77.85	77.85	77.85	77.85	0.095 times
22 Wed May 2024	79.40	79.60	79.60	79.40	0.364 times
21 Tue May 2024	81.00	82.00	82.00	81.00	1.655 times
18 Sat May 2024	80.95	81.50	81.50	80.95	0.48 times
17 Fri May 2024	80.05	77.00	80.05	77.00	1.864 times
16 Thu May 2024	78.50	79.90	80.00	78.50	0.775 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 73.5, but if it comes above 73.5, then a intra day buy could be more profitable.
If you take a sell trade below 73.5, then use 73.5 as stoploss and 70.1 as target. However if you take a buy trade in stock , then use 73.5 as stoploss and 76.46 as target.

Share price targets for Nitco (NITCO_BE)

Target Type	Value
Downside Target	31.20
Downside Target	45.55
Downside Target	50.70
Downside Target	58.15
Downside Target	67.05
Upside Target	74.70
Upside Target	74.80
Upside Target	76.30
Upside Target	78.15
Upside Target	81.50
Upside Target	82.00

Intraday share price targets for Nitco (NITCO_BE)

Target Type	Value
Downside Intraday Target	70.87
Downside Intraday Target	69.88
Upside Intraday Target	73.82
Upside Intraday Target	75.78
Upside Intraday Target	72.83

Weekly technical analysis of Nitco (NITCO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed May 2024	71.85	74.80	74.80	71.85	0.822 times
24 Fri May 2024	76.30	82.00	82.00	76.30	0.163 times
18 Sat May 2024	80.95	74.70	81.50	74.70	0.375 times
10 Fri May 2024	76.20	73.70	78.15	72.25	8.895 times
03 Fri May 2024	72.30	68.20	72.30	68.20	1.755 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 Nitco (NITCO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Wed May 2024	71.85	70.90	82.00	70.90	1.105 times
30 Tue Apr 2024	69.55	58.70	69.55	58.15	0.465 times
28 Thu Mar 2024	55.95	66.95	69.65	50.70	1.575 times
29 Thu Feb 2024	65.70	46.45	67.05	46.45	1.506 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 Nitco (NITCO_BE)

Price action analysis of Nitco ( (NITCO_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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

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

Nitco 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 green color and prices are in or below the green cloud Prices appear to be coming down

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

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Nitco is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 78.14 and Nitco (NITCO_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 Nitco (NITCO_BE) stock. Volume based technical analysis of Nitco (NITCO_BE) stock is negative.

Nitco 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.