The Stacks price began the monthly trade on a bearish note and plunged by more than 28%. However, the sudden spike since the early trading hours flipped the bearish trend and piled up a huge buying volume. Currently, the price appears to be a little exhausted as it is consolidating within narrow ranges. After a brief consolidation, the price is expected to pull a massive leg up towards INR 150 by the end of April 2022.
The Stacks price maintained the uptrend line, despite multiple surges and plunges during the meantime. The asset consolidated for a long time before it spiked high during the times when most of the assets are falling hard. After a quick surge, the price is consolidating healthy, probably to pull a notable leg up later.
|Short-Term||The STX price may maintain a notable upswing after a huge spike and hence a consolidation may be expected for a while before the next leg up|
|Mid-Term||The asset is very less volatile in the past couple of days and the fresh spike may indicate notable volume to ignite a notable uptrend|
|Long-Term||The long term forecast is pretty bullish as the price is about to take off a significant upswing very soon|
|Technical Indicators||Value(1Hr / 1D)||Action (1Hr / 1D)|
|Relative Strength Index(RSI)||69.20 / 47.98||Buy / Neutral|
|MACD(12,26)||0.001 / -0.034||Buy / Sell|
|Average Directional Index(ADX)||47.55 / 30.06||Neutral / Sell|
|Bull-Bear Power||0.1830 / -0.09||Buy / Sell|
|Moving Average(MA)-50||INR 88.47||INR 97.62|
|Moving Average(MA)-200||INR 90.00||INR 134.23|
|Resistance||INR 96||INR 134|
|Support||INR 85||INR 80|
|Average True Range(ATR)||0.002||0.09|
The indicators suggest a notable upswing in the short term as most of them are extremely bullish. Apart from being extremely bullish, it is also highly volatile at the moment and hence a drastic price movement can be expected irrespective of the direction. However, in the long term, the asset possesses a bearish trend and also the price is less volatile.
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