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(ELGIRUBCO) Elgi Rubber Weekly charts technical analysis

(ELGIRUBCO) Elgi Rubber Weekly charts technical analysis Weekly analysis of Elgi Rubber | Buy/Sell Elgi Rubber

10 day averaged volume of Elgi Rubber is 43162

Date	Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	49.70	51.30	51.30	48.30	0.12 Mn
12 Fri Apr 2024	51.30	56.00	56.25	51.10	0.193 Mn
05 Fri Apr 2024	54.15	49.00	57.80	48.95	0.223 Mn
28 Thu Mar 2024	48.60	51.20	51.20	48.05	0.239 Mn
22 Fri Mar 2024	50.55	51.65	54.90	47.90	0.421 Mn
15 Fri Mar 2024	49.55	57.50	59.00	44.70	1.057 Mn
07 Thu Mar 2024	57.00	62.50	63.05	55.00	0.225 Mn
02 Sat Mar 2024	62.60	67.90	69.90	58.10	1.404 Mn
23 Fri Feb 2024	66.80	58.70	68.40	56.00	1.966 Mn
16 Fri Feb 2024	59.30	57.95	61.00	53.85	0.777 Mn

Indicators analysis of Elgi Rubber (ELGIRUBCO)

Price action analysis of Elgi Rubber ( (ELGIRUBCO) ) based on a short 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 Elgi Rubber ( (ELGIRUBCO) ) 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 Elgi Rubber ( (ELGIRUBCO) ) 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 Elgi Rubber ( (ELGIRUBCO) ) 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 Elgi Rubber stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

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

Elgi Rubber Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 Elgi Rubber 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 negative zone. This is the SELL zone

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

Stock of Elgi Rubber is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 59.07 and Elgi Rubber (ELGIRUBCO) 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 Elgi Rubber (ELGIRUBCO) stock. Volume based technical analysis of Elgi Rubber (ELGIRUBCO) stock is negative.

Elgi Rubber 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.

Weekly charts