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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 4920

Date Daily Closing Price Open High Low Volume
21 Thu Nov 2024 49.95 49.45 50.49 49.40 1.707 times
19 Tue Nov 2024 51.99 49.71 51.99 49.71 0.976 times
18 Mon Nov 2024 52.25 52.30 52.30 52.25 0.732 times
13 Wed Nov 2024 55.00 55.10 55.10 54.66 0.976 times
12 Tue Nov 2024 57.50 57.15 57.56 57.15 1.22 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 48, for a target of 53.9 or 58.85

Share price targets for Resourceful Automobile (ResourcefulAutomobile)

Target Type Value
Downside Target 49.40
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 48.8
Downside Intraday Target 47.65
Upside Intraday Target 51.7
Upside Intraday Target 53.45
Upside Intraday Target 50.55

Weekly technical analysis of Resourceful Automobile (ResourcefulAutomobile)

Date Weekly Closing Price Open High Low Volume
21 Thu Nov 2024 49.95 52.30 52.30 49.40 1.556 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Resourceful Automobile (ResourcefulAutomobile)

Date Monthly Closing Price Open High Low Volume
21 Thu Nov 2024 49.95 60.74 60.91 49.40 0.315 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 20, 51, 44 Sell
MACD -11, -11Sell
Stochastics 8Sell
CCI -131Sell
RSI 35Sell
OBV 9600Sell
VWAP 56Sell
ADL 0Sell
ROC -14Sell
Force Index 0Sell

Price action analysis of Resourceful Automobile ( (ResourcefulAutomobile) ) 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 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 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 SELL signal for Resourceful Automobile in short term and the sell signal is strong.

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 negative zone. This is the SELL zone

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 55.69 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.

Click here for Resourceful Automobile charts

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