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(ORIENTALTL_BE) Oriental Trimex complete technical analysis [charts+indicators] | Buy/Sell Oriental Trimex | (ORIENTALTL_BE) share price targets

Complete technical analysis of Oriental Trimex (ORIENTALTL_BE) by charts plus indicators, forecast predictions and share price targets for Oriental Trimex (ORIENTALTL_BE)

Showing technical analysis as on 2024-05-03 View latest technical analysis

10 day averaged volume of Oriental Trimex is 13080

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	8.75	8.80	8.80	8.75	0.608 times
02 Thu May 2024	8.80	8.70	8.80	8.70	0.861 times
30 Tue Apr 2024	8.65	8.75	8.85	8.65	1.634 times
29 Mon Apr 2024	8.75	8.75	8.75	8.75	0.459 times
26 Fri Apr 2024	8.75	8.80	8.80	8.75	0.762 times
25 Thu Apr 2024	8.80	8.90	8.90	8.80	1.74 times
24 Wed Apr 2024	8.90	8.80	8.90	8.80	0.862 times
23 Tue Apr 2024	8.80	8.80	8.80	8.80	1.091 times
22 Mon Apr 2024	8.80	8.85	8.90	8.80	0.656 times
19 Fri Apr 2024	8.90	8.90	8.90	8.90	0.791 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 8.7 as stoploss in an intra day buy trade for a target of 9.19. However, stock will show a bearish move below 8.7.

Share price targets for Oriental Trimex (ORIENTALTL_BE)

Target Type	Value
Downside Target	8.00
Downside Target	8.65
Upside Target	9.35
Upside Target	10.05
Upside Target	10.25
Upside Target	10.70
Upside Target	11.05
Upside Target	11.90
Upside Target	12.65
Upside Target	12.70

Intraday share price targets for Oriental Trimex (ORIENTALTL_BE)

Target Type	Value
Downside Intraday Target	8.65
Downside Intraday Target	8.55
Upside Intraday Target	8.85
Upside Intraday Target	8.95
Downside Intraday Target	8.75

Weekly technical analysis of Oriental Trimex (ORIENTALTL_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	8.75	8.75	8.85	8.65	0.697 times
26 Fri Apr 2024	8.75	8.85	8.90	8.75	1.914 times
19 Fri Apr 2024	8.90	9.35	9.35	8.90	0.516 times
12 Fri Apr 2024	9.50	10.25	10.25	9.50	0.276 times
05 Fri Apr 2024	9.85	8.50	10.05	8.10	1.161 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 Oriental Trimex (ORIENTALTL_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	8.75	8.70	8.80	8.70	0.043 times
30 Tue Apr 2024	8.65	8.50	10.25	8.10	0.34 times
28 Thu Mar 2024	8.30	11.90	11.90	8.00	1.819 times
29 Thu Feb 2024	11.40	12.70	12.70	11.05	0.73 times

Scroll below to view daily charts

Price has moved up 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 Oriental Trimex (ORIENTALTL_BE)

Price action analysis of Oriental Trimex ( (ORIENTALTL_BE) ) 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 Oriental Trimex ( (ORIENTALTL_BE) ) 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 Oriental Trimex ( (ORIENTALTL_BE) ) 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 Oriental Trimex ( (ORIENTALTL_BE) ) 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 Oriental Trimex stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

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

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

Oriental Trimex 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 coming down

CCI has generated a SELL signal for Oriental Trimex in short term

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

Stock of Oriental Trimex is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8.78 and Oriental Trimex (ORIENTALTL_BE) 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 Oriental Trimex (ORIENTALTL_BE) stock. Volume based technical analysis of Oriental Trimex (ORIENTALTL_BE) stock is negative.

Oriental Trimex 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.