Piramal Enterprises Limited (PEL.NS) shares are currently showing up on the list of gainers over the past month. During that time period, shares have seen a rise of 8.71%. Heading back 6 months, shares have seen moved 0.85%. Going a bit further, shares have moved 81.39% over the last full-year. Taking a much closer look, shares have moved 3.47% over the last week.
Investors may use various technical indicators to help spot trends and buy/sell signals. Presently, Piramal Enterprises Limited (PEL.NS) has a 14-day Commodity Channel Index (CCI) of 91.60. The CCI was developed by Donald Lambert. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. The original guidelines focused on creating buy/sell signals when the reading moved above +100 or below -100. Traders may also use the reading to identify overbought/oversold conditions.
Traders may also be paying close attention to RSI levels on shares of Piramal Enterprises Limited (PEL.NS). The current 14-day RSI is presently sitting at 61.98, the 7-day is 66.30, and the 3-day is 73.33. The RSI, or Relative Strength Index is a popular oscillating indicator among traders and investors. The RSI operates in a range-bound area with values between 0 and 100. When the RSI line moves up, the stock may be experiencing strength. The opposite is the case when the RSI line is heading lower. Different time periods may be used when using the RSI indicator. The RSI may be more volatile using a shorter period of time. Many traders keep an eye on the 30 and 70 marks on the RSI scale. A move above 70 is widely considered to show the stock as overbought, and a move below 30 would indicate that the stock may be oversold. Traders may use these levels to help identify stock price reversals.
The Williams Percent Range or Williams %R is another technical indicator worth taking a look at. Piramal Enterprises Limited (PEL.NS) currently has a 14 day Williams %R of -16.21. The Williams %R fluctuates between 0 and -100 measuring whether a security is overbought or oversold. The Williams %R is similar to the Stochastic Oscillator except it is plotted upside-down. Levels above -20 may indicate the stock may be considered is overbought. If the indicator travels under -80, this may signal that the stock is oversold. Chart analysts may also use the indicator to project possible price reversals and to define trends.
Keeping an eye on Moving Averages, the 50-day is 2725.85, the 200-day is at 2628.01, and the 7-day is 2851.58 for Piramal Enterprises Limited (PEL.NS). Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Following multiple time frames using moving averages can help investors figure out where the stock has been and help determine where it may be possibly going. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time.
Another technical indicator that may be a powerful resource for determining trend strength is the Average Directional Index or ADX. The ADX was introduced by J. Welles Wilder in the late 1970’s and it has stood the test of time. The ADX is typically used in conjunction with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to help spot trend direction as well as trend strength. At the time of writing, the 14-day ADX for Piramal Enterprises Limited (PEL.NS) is noted at 12.95. Many technical analysts believe that an ADX value over 25 would suggest a strong trend. A reading under 20 would indicate no trend, and a reading from 20-25 would suggest that there is no clear trend signal.