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(ResourcefulAutomobile) Resourceful Automobile complete technical analysis [charts+indicators] | Buy/Sell Resourceful Automobile | (ResourcefulAutomobile) share price targets

Complete technical analysis of Resourceful Automobile (ResourcefulAutomobile) by charts plus indicators, forecast predictions and share price targets for Resourceful Automobile (ResourcefulAutomobile)

10 day averaged volume of Resourceful Automobile is 4560

Date Daily Closing Price Open High Low Volume
19 Tue Nov 2024 51.99 49.71 51.99 49.71 1.053 times
18 Mon Nov 2024 52.25 52.30 52.30 52.25 0.789 times
13 Wed Nov 2024 55.00 55.10 55.10 54.66 1.053 times
12 Tue Nov 2024 57.50 57.15 57.56 57.15 1.316 times
08 Fri Nov 2024 60.05 60.05 60.05 60.05 0.789 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 54.9, but if it comes above 54.9, then a intra day buy could be more profitable.
If you take a sell trade below 54.9, then use 54.9 as stoploss and 49.1 as target. However if you take a buy trade in stock , then use 54.9 as stoploss and 59.71 as target.

Share price targets for Resourceful Automobile (ResourcefulAutomobile)

Target Type Value
Downside Target 49.71
Upside Target 52.30
Upside Target 54.55
Upside Target 57.56
Upside Target 60.74
Upside Target 61.00
Upside Target 67.00
Upside Target 71.92
Upside Target 116.75
Upside Target 120.00
Upside Target 128.00

Intraday share price targets for Resourceful Automobile (ResourcefulAutomobile)

Target Type Value
Downside Intraday Target 50.37
Downside Intraday Target 48.74
Upside Intraday Target 52.96
Upside Intraday Target 53.92
Downside Intraday Target 51.33

Weekly technical analysis of Resourceful Automobile (ResourcefulAutomobile)

Date Weekly Closing Price Open High Low Volume
19 Tue Nov 2024 51.99 52.30 52.30 49.71 0.778 times
13 Wed Nov 2024 55.00 57.15 57.56 54.66 0.643 times
08 Fri Nov 2024 60.05 55.65 60.91 55.65 0.7 times
01 Fri Nov 2024 58.50 60.00 60.74 55.10 0.556 times
25 Fri Oct 2024 60.00 67.00 67.00 54.55 0.8 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 Resourceful Automobile (ResourcefulAutomobile)

Date Monthly Closing Price Open High Low Volume
19 Tue Nov 2024 51.99 60.74 60.91 49.71 0.262 times
30 Wed Oct 2024 57.85 63.80 71.92 54.55 0.154 times
30 Mon Sep 2024 63.95 120.00 120.00 61.00 2.717 times
30 Fri Aug 2024 125.10 122.00 128.00 116.75 0 times

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 Resourceful Automobile (ResourcefulAutomobile)

Indicator Name Indicator Value Indicator Signal
ADX 22, 55, 43 Sell
MACD -11, -11Buy
Stochastics 9Sell
CCI -155Sell
RSI 35Sell
OBV 21600Sell
VWAP 57Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Resourceful Automobile ( (ResourcefulAutomobile) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Resourceful Automobile ( (ResourcefulAutomobile) ) based on a short 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 Resourceful Automobile ( (ResourcefulAutomobile) ) 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 Resourceful Automobile ( (ResourcefulAutomobile) ) based on a mid to longer term time period is

ADX buy sell signal for Resourceful Automobile stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Resourceful Automobile in short term but the buy signal is initial and weak.

Resourceful Automobile 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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Resourceful Automobile 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 positive zone. This is a BUY zone

Stock of Resourceful Automobile is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 56.98 and Resourceful Automobile (ResourcefulAutomobile) 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 Resourceful Automobile (ResourcefulAutomobile) stock. Volume based technical analysis of Resourceful Automobile (ResourcefulAutomobile) stock is negative.

Resourceful Automobile 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.

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Click here for further forecast and predictions for tomorrow

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