Shares of Max Financial Services Ltd. slipped 2.34 per cent to Rs 885.45 in Friday’s trade. It hit a high of Rs 907.65 and low of Rs 883.25 during the session.
On the technical charts, the 200-DMA of the stock stood at Rs 998.04, while the 50-DMA was at Rs 971.93. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
The stock traded below the signal line of momentum indicator moving average convergence divergence, or MACD, signalling a bearish bias on the counter. The MACD is known for signalling trend reversal in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities.
On the other hand, the Relative Strength Index (RSI) of the stock stands at 34.97. Traditionally, a stock is considered overbought when the RSI value is above 70 and oversold when it is below 30.
The return on equity (RoE) for the stock stood at 12.72 per cent while the Return on Capital Employed (RoCE) was at 11.06. RoCE is a financial ratio that determines a company’s profitability and the efficiency of capital use, while the RoE is a measure of profitability of a business in relation to the equity.
(What’s moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)
Download The Economic Times News App to get Daily Market Updates & Live Business News.
Note: This article have been indexed to our site. We do not claim legitimacy, ownership or copyright of any of the content above. To see the article at original source Click Here
DoHonest Baby Car Camera HD 1080P - Rear-Facing Car Baby Monitor with Night Vision, Adjustable View Angle, Easy Setup, Anti-Glare Display, Safety for Kids & Infants
$18.99 (as of March 9, 2025 19:46 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Pink Floyd At Pompeii - MCMLXXII
$40.99 (as of March 9, 2025 19:46 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
Embroidered Plush Bunny With Child'S Name HandMade Custom Plush Toy Child'S First Easter Gift
$15.98 (as of March 9, 2025 20:21 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
MAYBESTA Professional Wireless Lavalier Lapel Microphone for iPhone, iPad - Cordless Omnidirectional Condenser Recording Mic for Interview Video Podcast Vlog YouTube
$21.99 (as of March 9, 2025 20:21 GMT +00:00 - More infoProduct prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on [relevant Amazon Site(s), as applicable] at the time of purchase will apply to the purchase of this product.)
:quality(80)/cdn-kiosk-api.telegraaf.nl/7d6ad1e6-807d-11ec-9a60-0218eaf05005.jpg)
