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

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

Showing technical analysis as on 2024-09-09 View latest technical analysis

10 day averaged volume of Power Mech is 108311

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	6195.60	6291.00	6298.00	6136.00	0.605 times
06 Fri Sep 2024	6291.05	6533.00	6540.00	6205.00	0.675 times
05 Thu Sep 2024	6526.95	6526.00	6593.30	6483.30	0.35 times
04 Wed Sep 2024	6472.15	6501.00	6679.80	6462.20	0.647 times
03 Tue Sep 2024	6552.95	6649.10	6725.00	6525.00	0.51 times
02 Mon Sep 2024	6649.10	6849.95	6849.95	6621.00	0.389 times
30 Fri Aug 2024	6778.80	6619.00	6795.00	6578.25	0.905 times
29 Thu Aug 2024	6562.90	6799.00	6868.00	6497.10	1.135 times
28 Wed Aug 2024	6767.80	6770.00	7140.00	6690.00	2.13 times
27 Tue Aug 2024	6732.90	7048.00	7076.75	6712.00	1.04 times

My analysis of stock is bearish for shortterm, and stock might move down till 5936.5 or till 5424.6. Use a stoploss of 6362.99 and if the stock hits stoploss, then it can shoot up till 6789.52

Share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Target	4347.75
Downside Target	4601.00
Downside Target	4830.00
Downside Target	5280.00
Downside Target	5960.00
Downside Target	6136.00
Upside Target	6497.10
Upside Target	6501.00
Upside Target	6849.95
Upside Target	7270.00
Upside Target	7450.00

Intraday share price targets for Power Mech (POWERMECH)

Target Type	Value
Downside Intraday Target	6121.73
Downside Intraday Target	6047.87
Upside Intraday Target	6283.73
Upside Intraday Target	6371.87
Upside Intraday Target	6209.87

Weekly technical analysis of Power Mech (POWERMECH)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	6195.60	6291.00	6298.00	6136.00	0.235 times
06 Fri Sep 2024	6291.05	6849.95	6849.95	6205.00	0.346 times
30 Fri Aug 2024	6778.80	7048.95	7270.00	6497.10	0.621 times
23 Fri Aug 2024	6888.30	5960.00	7450.00	5960.00	2.531 times
16 Fri Aug 2024	5905.15	5607.80	6000.00	5360.00	1.078 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 Power Mech (POWERMECH)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	6195.60	6849.95	6849.95	6136.00	0.109 times
30 Fri Aug 2024	6778.80	6259.90	7450.00	5360.00	1.502 times
31 Wed Jul 2024	6197.00	4921.00	6501.00	4830.00	1.673 times
28 Fri Jun 2024	4944.45	5004.95	5380.00	4347.75	1.729 times

Scroll below to view daily charts

Price has moved down 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 Power Mech (POWERMECH)

Price action analysis of Power Mech ( (POWERMECH) ) 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 Power Mech ( (POWERMECH) ) based on a short to mid 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 Power Mech ( (POWERMECH) ) 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 Power Mech stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

Power Mech 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 Power Mech in short term and SELL signal is strong!

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 Power Mech is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 6605.82 and Power Mech (POWERMECH) 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 Power Mech (POWERMECH) stock. Volume based technical analysis of Power Mech (POWERMECH) stock is negative.

Power Mech 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.