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(SPENTEX_BZ) Spentex Ind complete technical analysis [charts+indicators] | Buy/Sell Spentex Ind | (SPENTEX_BZ) share price targets

Complete technical analysis of Spentex Ind (SPENTEX_BZ) by charts plus indicators, forecast predictions and share price targets for Spentex Ind (SPENTEX_BZ)

Showing technical analysis as on 2023-12-19 View latest technical analysis

10 day averaged volume of Spentex Ind is 54970

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	2.35	2.40	2.40	2.35	0.14 times
18 Mon Dec 2023	2.40	2.60	2.60	2.40	1.42 times
15 Fri Dec 2023	2.50	2.55	2.60	2.40	1.137 times
14 Thu Dec 2023	2.50	2.40	2.55	2.40	3.713 times
13 Wed Dec 2023	2.45	2.45	2.45	2.30	0.663 times
12 Tue Dec 2023	2.35	2.30	2.35	2.20	0.587 times
11 Mon Dec 2023	2.25	2.20	2.25	2.15	0.866 times
08 Fri Dec 2023	2.15	2.25	2.25	2.15	0.44 times
07 Thu Dec 2023	2.25	2.35	2.45	2.25	0.903 times
06 Wed Dec 2023	2.35	2.45	2.45	2.35	0.083 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 2.3 as stoploss in an intra day buy trade for a target of 2.48. However, stock will show a bearish move below 2.3.

Share price targets for Spentex Ind (SPENTEX_BZ)

Target Type	Value
Downside Target	1.60
Downside Target	2.05
Downside Target	2.15
Downside Target	2.30
Downside Target	2.35
Upside Target	2.45
Upside Target	2.55
Upside Target	2.65
Upside Target	2.70
Upside Target	2.75
Upside Target	3.00

Intraday share price targets for Spentex Ind (SPENTEX_BZ)

Target Type	Value
Downside Intraday Target	2.27
Downside Intraday Target	2.18
Upside Intraday Target	2.52
Upside Intraday Target	2.68
Upside Intraday Target	2.43

Weekly technical analysis of Spentex Ind (SPENTEX_BZ)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	2.35	2.60	2.60	2.35	0.224 times
15 Fri Dec 2023	2.50	2.20	2.60	2.15	1.214 times
08 Fri Dec 2023	2.15	2.70	2.70	2.15	2.504 times
01 Fri Dec 2023	2.60	2.70	2.70	2.55	1.103 times
24 Fri Nov 2023	2.65	2.65	2.65	2.55	1.071 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 Spentex Ind (SPENTEX_BZ)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Tue Dec 2023	2.35	2.55	2.70	2.15	1.585 times
30 Thu Nov 2023	2.60	2.60	2.75	2.45	2.035 times
31 Tue Oct 2023	2.55	2.10	2.55	2.05	0.199 times
29 Fri Sep 2023	2.05	2.25	2.45	1.60	1.64 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 Spentex Ind (SPENTEX_BZ)

Price action analysis of Spentex Ind ( (SPENTEX_BZ) ) 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 Spentex Ind ( (SPENTEX_BZ) ) 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 Spentex Ind ( (SPENTEX_BZ) ) 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 Spentex Ind ( (SPENTEX_BZ) ) based on a mid to longer 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.

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

MACD generated a SELL signal for Spentex Ind in short term and the sell signal is strong.

Spentex Ind Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 Spentex Ind in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Spentex Ind is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 2.41 and Spentex Ind (SPENTEX_BZ) 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 Spentex Ind (SPENTEX_BZ) stock. Volume based technical analysis of Spentex Ind (SPENTEX_BZ) stock is negative.

Spentex Ind 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.