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Stock analysis Canara Bank CANBK

More indepth analysis on MunafaSutra.com

Moving Averages for Canara Bank

  • 5Day Average: 570.84
  • 12Day Average: 558.85
  • 20Day Average: 570.73
  • 50Day Average: 544.75
  • 100Day Average: 485.44
  • 150Day Average: 444
  • 200Day Average: 413.94

CANBK Indicators & signals

Indicator MACD (12,26,9)

566.87, 562.21, 5.76
Indicator MACD is in positive zone

Indicator ADX (14)

5.15, 24.53, 22.12
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of CANBK Canara Bank are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
28 Thu Mar 2024 581.05 568.10 to 587.80 2.98% 1.55 times
27 Wed Mar 2024 564.25 562.35 to 574.70 -1.33% 0.66 times
26 Tue Mar 2024 571.85 567.30 to 574.65 -0.23% 0.74 times
22 Fri Mar 2024 573.15 563.45 to 577.50 1.64% 0.87 times
21 Thu Mar 2024 563.90 558.00 to 568.50 2.33% 0.83 times
20 Wed Mar 2024 551.05 535.55 to 554.35 0.48% 0.9 times
19 Tue Mar 2024 548.40 546.15 to 555.80 -0.84% 0.64 times
18 Mon Mar 2024 553.05 545.10 to 556.00 0.71% 0.75 times
15 Fri Mar 2024 549.15 529.75 to 554.00 0.39% 1.42 times
14 Thu Mar 2024 547.00 529.10 to 554.65 1.97% 1.37 times
13 Wed Mar 2024 536.45 529.45 to 571.65 -5.37% 1.82 times
12 Tue Mar 2024 566.90 565.00 to 589.10 -3.3% 1.29 times

Technical analysis forecast of Canara Bank Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Canara Bank CANBK at this time. Stock is rising and might rise more.

It appears as if Canara Bank CANBK gave a large move recently.

Stock of Canara Bank (CANBK) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Canara Bank is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 584.3 as stoploss in an intra day sell trade for a target of 565.27. However, stock will show a bullish move above 584.3.

More indepth analysis on MunafaSutra.com