InterGlobe Aviation Ltd. saw its stock price drop by 2.08% to Rs 4024.60 during trading on Tuesday. The stock reached a high of Rs 4149.85 and a low of Rs 4010.00 throughout the day.
Looking at the technical charts, the 200-day moving average (200-DMA) is at Rs 4323.21, and the 50-day moving average (50-DMA) is at Rs 4291.95. If a stock price is above both the 50-DMA and 200-DMA, it usually means the stock is likely to go up. If it’s below both averages, it indicates a downward trend. When the stock is between these averages, it means the stock could go either way.
Currently, the stock is trading below the signal line of the MACD, a tool that helps traders spot changes in trends. The MACD looks at the difference between the 26-day and 12-day moving averages and uses a nine-day moving average as its signal line to suggest when to buy or sell.
Additionally, the Relative Strength Index (RSI) of the stock is at 35.53. This means the stock is not being bought as much, as stocks are usually seen as overbought when the RSI is above 70 and oversold when it is below 30.
Finally, the company shows an impressive return on equity (RoE) of 409.35% and a return on capital employed (RoCE) of 873.10%. RoCE helps measure how well a company uses its capital to generate profits, while RoE measures how well the company is doing compared to the money its owners have invested.
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