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Girl displaying analysis of Priya RSI

Priya RSI: Strong Technical Analysis of Priya Ltd. – 2024 Report

The commonly used indicator known as Relative Strength Index (RSI) is used in this case where a figure lower than 30 is taken to mean that the market is oversold while figure above 70 means that the market is overbought

DeAndre Gregg 1 week ago 29

Priya Ltd. is a firm which deals with the markets related to the economic sector.

As for the rest, there are important Priya RSI details connected with the article which will be discussed below:

Technical Indicators

1. Relative Strength Index – Priya RSI

The RSI of Priya Ltd. currently is 57.

The commonly used indicator known as Relative Strength Index (RSI) is used in this case where a figure lower than 30 is taken to mean that the market is oversold while figure above 70 means that the market is overbought.

Analyzing the current situation, it is evident that RSI of Priya Ltd. lies in mid-range, meaning that the strength has moderate power.

2. Money Flow Index -MFI

MFI or Money flow index is a technical indicator that provides information of the quantity of funds flowing into and out of a stock within a certain period.

The MFI ratio for Priya Ltd. is 11.9.

MFI values below the 20 level are considered highly oversold and suggest that the price will now rise.

3. Moving Average Convergence Divergence – MACD

The MACD (12, 26, 9) of Priya Ltd. stands 0.

The values range from 1 to 10, where 1 shows a fully bullish market sentiment.

4. Average True Range – ATR

As you see in the case of Priya Ltd., the ATR is stands at 0. 77.

5. It involves the use of Average Directional Index – ADX

The ADX for Priya Ltd. is at 14.

Although 14 is not extremely high, it shows that there is a lot of dispersion in the price of stock in Priya Ltd.

6. ROC or Rate of Change

ROC (21 days): 16. 1

ROC (125 days): 10.49

Stock Performance

checking Stock Performance via Candles RSI of Priya LTD.

Priya Ltd. now sits at 19. 0, 29. 78% down its 52-week high of 20. 8.

Based on the prices movements recorded, the stock hit a 52-week low on the 20th July 2023 and hit its 52-week high on 8th Dec 2023.

Delivery Volume Analysis

Weekly average delivery volume: 96% of the respondents are 39% in percentage.

Combined delivery volume (NSE+BSE): 134

Candlestick Patterns

No one is building bullish candlestick patterns currently.

Bearish candlestick pattern: Two crows up, gap up, signaling that the price will go down in the future.

FAQs

Can we determine the current RSI of Priya Ltd?

Priya RSI is still moderate and stands at 57.3.

Is the MFI indicating that the stock of Priya Ltd. has gone oversold?

Yes, this MFI is 11. 9 which very strongly signals an oversold market.

What is the significance of Priya Ltd.’s positive MACD?

The MACD histogram also implies a positive slope, which equates to a bullish market trend.

Key Takeaways

Categorically, based on the RSI and MFI, Priya Ltd. possess a moderate technical strength.

It has been on quite a wild swing probably because of market fluctuations over the last one year.

Disclaimer:

However, it important to state that the information given here is derived from technical analysis and past statistics.

Stock investing also has its dangers and one should consider doing his/her homework and consulting a financial expert on the investments they wish to undertake.

Note:

It is important to note that all the information that is provided in this article is for educational or informative purposes only. It does not amount to an investment recommendation or to provide investment advice concerning the purchase or sale of any stock.

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