Shares of PI Industries Ltd. went up by 2.53%, reaching a price of Rs 3486.65 during trading on Tuesday. The stock hit a high of Rs 3509.95 and a low of Rs 3405.00 in the same session. Looking at technical charts, the important average prices for the stock are as follows: the 200-day moving average (200-DMA) is Rs 4068.33 and the 50-day moving average (50-DMA) is Rs 4025.34.
When a stock is trading above both the 50-DMA and 200-DMA, it usually means the stock is likely to keep rising. Conversely, if it trades below those averages, it suggests a downward trend. If the stock is trading between these two averages, it might go either up or down.
Currently, PI Industries is below the signal line of the Moving Average Convergence Divergence (MACD), which indicates a potential drop in price. The MACD helps traders see when trends may change. It finds the difference between two moving averages (the 26-day and the 12-day) and adds a nine-day average line that signals whether it might be a good time to buy or sell.
Additionally, the Relative Strength Index (RSI) for this stock is at 28.34. Generally, if the RSI is above 70, the stock is considered overbought, meaning it might drop in value. If it’s below 30, like in this case, the stock is seen as oversold, indicating it could bounce back up.
In terms of performance, PI Industries has a Return on Equity (RoE) of 19.25% and a Return on Capital Employed (RoCE) of 12.57%. RoCE helps understand how well a company uses its money to generate profits, while RoE shows how much profit a company makes compared to its owner’s investment.
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