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(OMFURN_SM) Omfurn India complete technical analysis [charts+indicators] | Buy/Sell Omfurn India | (OMFURN_SM) share price targets

Complete technical analysis of Omfurn India (OMFURN_SM) by charts plus indicators, forecast predictions and share price targets for Omfurn India (OMFURN_SM)

Showing technical analysis as on 2024-04-24 View latest technical analysis

10 day averaged volume of Omfurn India is 50160

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	75.20	76.50	76.50	75.00	0.766 times
23 Tue Apr 2024	73.10	72.50	75.20	72.00	0.622 times
22 Mon Apr 2024	73.00	75.95	78.00	73.00	0.431 times
19 Fri Apr 2024	75.95	72.20	75.95	72.20	0.574 times
18 Thu Apr 2024	75.00	75.90	75.90	75.00	0.239 times
16 Tue Apr 2024	72.90	73.00	73.00	71.40	0.574 times
15 Mon Apr 2024	74.50	72.45	75.50	71.00	0.574 times
12 Fri Apr 2024	76.90	76.45	77.05	75.35	1.77 times
10 Wed Apr 2024	76.45	79.70	79.70	75.50	1.866 times
09 Tue Apr 2024	79.80	77.80	81.00	77.00	1.292 times

My analysis of stock is bearish for shortterm, and stock might move down till 73.6 or till 70.1. Use a stoploss of 76.52 and if the stock hits stoploss, then it can shoot up till 79.42

Share price targets for Omfurn India (OMFURN_SM)

Target Type	Value
Downside Target	63.70
Downside Target	66.85
Downside Target	69.20
Downside Target	71.00
Upside Target	75.35
Upside Target	81.00
Upside Target	83.15
Upside Target	83.85
Upside Target	87.95
Upside Target	92.60
Upside Target	98.70

Intraday share price targets for Omfurn India (OMFURN_SM)

Target Type	Value
Downside Intraday Target	72.13
Downside Intraday Target	69.07
Upside Intraday Target	78.13
Upside Intraday Target	81.07
Downside Intraday Target	75.07

Weekly technical analysis of Omfurn India (OMFURN_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	75.20	75.95	78.00	72.00	0.927 times
19 Fri Apr 2024	75.95	72.45	75.95	71.00	0.281 times
12 Fri Apr 2024	76.90	80.35	83.85	75.35	0.195 times
05 Fri Apr 2024	80.35	72.80	81.00	69.20	1.487 times
28 Thu Mar 2024	76.60	83.15	83.15	76.60	8.525 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 Omfurn India (OMFURN_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	75.20	72.80	83.85	69.20	1.527 times
28 Thu Mar 2024	76.60	83.30	87.95	73.00	6.067 times
29 Thu Feb 2024	83.50	90.10	98.70	77.55	0.413 times
31 Wed Jan 2024	91.25	66.85	92.60	66.85	4.618 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Omfurn India (OMFURN_SM)

Price action analysis of Omfurn India ( (OMFURN_SM) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Omfurn India ( (OMFURN_SM) ) based on a short to mid 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 Omfurn India ( (OMFURN_SM) ) based on a mid to longer 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.

ADX buy sell signal for Omfurn India stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Omfurn India in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Omfurn India 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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Omfurn India in short term and BUY 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

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Omfurn India is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 76.08 and Omfurn India (OMFURN_SM) 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 Omfurn India (OMFURN_SM) stock. Volume based technical analysis of Omfurn India (OMFURN_SM) stock is negative.

Omfurn India 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.