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Technicals for Mazagon Dock Shipbuilders Limited
By MusingTheNews
2025-05-30 20:47
Overall Technical outlook
Price Summary
On 2025-05-30, Mazagon Dock Shipbuilders Limited's stock began at 3470.0, peaked at 3594.0, declined to 3426.1, and ended the day 0.24% higher at 3478.2, with 10044848 shares traded. The stock reached its highest price of 5744.45 and lowest price of 1961.75 over the last 52 weeks. The projected price range for Mazagon Dock Shipbuilders Limited is between 2262.0 and 2757.0, with an expected mean price of 2445.6667, according to 3 analysts.
Technicals
Aroon: The AROON is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Aroon chart for Mazagon Dock Shipbuilders Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, with no clear trend direction indicated. This lack of directional bias suggests that the market may be in a phase of consolidation or uncertainty. Bolinger Bands chart for Mazagon Dock Shipbuilders Limited
Parabolic SAR: The PSAR continues to be bullish for MAZDOCK, setting a strong support level that could sustain the ongoing upward trend. This level of support indicates that the market is likely to continue its positive trajectory, offering a base for continued bullish movement. Parabolic Stop and Reverse chart for Mazagon Dock Shipbuilders Limited
Stochastic: The stochastic indicator for Mazagon Dock Shipbuilders Limited shows the K-line below the D-line but still above 80, hinting at the possible onset of a bearish price move. This could indicate that the market's recent strength is waning, with a potential downturn on the horizon. Traders should keep an eye on this development for further signs of weakness. Stochastic chart for Mazagon Dock Shipbuilders Limited
Tripple Moving Agerage: The alignment of the 20, 50, and 100 moving averages suggests a bearish trend, but the weakening slopes of the 20 and 50 SMAs hint at a potential shift. This wavering could indicate that the bearish momentum is slowing down, possibly leading to a reversal towards bullish price action. Investors should watch for signs of a trend change as the market might be gearing up for a new upward move. Tripple SMA chart for Mazagon Dock Shipbuilders Limited
To properly assess the technical data of a company, it's important to first look at its fundamentals, such as its earnings, growth potential, and management effectiveness. Equally, understanding the industry trends, competition, and external economic factors that influence the company is vital. This holistic view helps draw meaningful conclusions about the company's technical performance, allowing investors to better gauge its stock price behavior, volatility, and market trends.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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