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Eighty Jewellers Ltd

Check the daily chart of Eighty Jewellers Ltd. The closing price of 2023-01-25 was INR50.00 per share.

Eighty Jewellers Ltd Daily Candlestick Chart

1. Trend Indicators

1.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Eighty Jewellers Ltd Daily Moving Averages ChartEighty Jewellers Ltd Daily Moving Averages Chart
1.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Let's take a look of the Moving Average Convergence/Divergence (MACD) of Eighty Jewellers Ltd:

  • The Moving Average Convergence/Divergence (MACD) is -1.856. The Moving Average Convergence/Divergence (MACD) below zero is a bearish sign. -1
  • The MACD is lower than the signal line. This is a bearish indication. -1
Eighty Jewellers Ltd Daily Moving Average Convergence/Divergence (MACD) ChartEighty Jewellers Ltd Daily Moving Average Convergence/Divergence (MACD) Chart
1.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index).

The ADX helps you determine the strength of a trend. Let's take a look of the ADX of Eighty Jewellers Ltd:

  • The ADX is 24.482. Absent or Weak Trend. -1
  • The ADX is rising, a new trend could be forming. +1
  • The +DI is lower than the -DI. The current trend is down. -2
Eighty Jewellers Ltd Daily Directional Movement Index (DMI) ChartEighty Jewellers Ltd Daily Directional Movement Index (DMI) Chart
1.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..
  • The Parabolic SAR is higher than the price. The current trend is down. -2
  • Eighty Jewellers Ltd Daily Parabolic SAR ChartEighty Jewellers Ltd Daily Parabolic SAR Chart

    2. Momentum Indicators

    2.1 Relative Strength Index (RSI)

    Measures the speed and change of price movements.

    • Leading momentum indicator, meaning the signals are instant.
    • Ranges between 0 and 100.
    • Above 70 is considered overbought.
    • Below 30 is considered oversold.
    • Above or below 50 can also be used to determine price trend or support and resistance.
    • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
    • Can be used in many different ways
    • The RSI is below 50. -1
    Eighty Jewellers Ltd Daily Relative Strength Index (RSI) ChartEighty Jewellers Ltd Daily Relative Strength Index (RSI) Chart
    2.2 Stochastic Oscillator

    Compares a certain price to multiple prices ranging over time.

    • Leading momentum indicator, meaning the signals are instant.
    • Used to determine overbought and oversold areas much like the RSI.
    • Ranges between 0 and 100.
    • Above 80 is considered overbought.
    • Below 20 is considered oversold.
    • Consists of two lines named K and D.
    • K compares the highest high and lowest low on the selected price range.
    • The D line is a moving average of the K line.
    • Can be used to spot divergences
    • The Stochastic is below 50. -1
    • The Stochastic is below 30 and oversold. +2
    Eighty Jewellers Ltd Daily Stochastic Oscillator ChartEighty Jewellers Ltd Daily Stochastic Oscillator Chart
    2.3 Commodity Channel Index (CCI)
    Eighty Jewellers Ltd Daily Commodity Channel Index (CCI) ChartEighty Jewellers Ltd Daily Commodity Channel Index (CCI) Chart
    2.4 Chande Momentum Oscillator (CMO)
    Eighty Jewellers Ltd Daily Chande Momentum Oscillator (CMO) ChartEighty Jewellers Ltd Daily Chande Momentum Oscillator (CMO) Chart
    2.5 Williams %R
    Eighty Jewellers Ltd Daily Williams %R ChartEighty Jewellers Ltd Daily Williams %R Chart

    3. Volatility Indicators

    3.1 Bollinger Bands
    Eighty Jewellers Ltd Daily Bollinger Bands ChartEighty Jewellers Ltd Daily Bollinger Bands Chart
    3.2 Average True Range (ATR)
    Eighty Jewellers Ltd Daily Average True Range (ATR) ChartEighty Jewellers Ltd Daily Average True Range (ATR) Chart

    4. Volume Indicators

    4.1 On-Balance Volume (OBV)
    Eighty Jewellers Ltd Daily On-Balance Volume (OBV) ChartEighty Jewellers Ltd Daily On-Balance Volume (OBV) Chart
    4.2 Money Flow Index (MFI)
    Eighty Jewellers Ltd Daily Money Flow Index (MFI) ChartEighty Jewellers Ltd Daily Money Flow Index (MFI) Chart

    5. Summary

    5.1. Notifications

    TypeNotificationDate
    PenkeCurrently no notifications for Eighty Jewellers Ltd.

    5.2. Trading Signals

    DateIndicatorEntry signalExit signal
    2022-12-29MACD SHORT ENTRY LONG CLOSE
    ATR LONG ENTRY SHORT CLOSE
    MFI20 crossover to upside
    2023-01-03STOCH LONG ENTRY SHORT CLOSE20 crossover to upside
    2023-01-04WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
    2023-01-06SAR LONG ENTRY SHORT CLOSEprice crossed sar to upside
    2023-01-12STOCH LONG ENTRY SHORT CLOSE20 crossover to upside
    ATR LONG ENTRY SHORT CLOSE
    2023-01-20CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
    WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
    2023-01-23STOCH LONG ENTRY SHORT CLOSE20 crossover to upside
    MFI20 crossover to downside

    5.2. Technical Score

    Let's check the technical score of Eighty Jewellers Ltd based on Penke's default Symbol scanner.

    Penke's Symbol Scanner

      
      
    IndicatorConditionValue
    RsiGreater than5042.493
    Ma 20Greater thanMa 5056.290
    Ma 50Greater thanMa 10054.430
    Ma 100Greater thanMa 20054.426
    OpenGreater thanClose53.000
    Total3/5 (60.0%)

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