Latest news with #MovingAverageConvergence
Economic Times
a day ago
- Business
- Economic Times
Kaynes Technology shares in focus after unit inks Rs 85 crore asset deal with Fujitsu General Electronics
Stock performance and technical outlook Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Kaynes Technology are set to be in focus on Wednesday after the semiconductor manufacturing company announced that its wholly-owned subsidiary has signed an asset purchase agreement with Fujitsu General Electronics Ltd to acquire power module production lines and related manufacturing assets for Rs 85 a stock exchange filing on Tuesday, Kaynes Technology India said, '...we hereby inform you that Kaynes Semicon Private Ltd (Kaynes Semicon), a Wholly Owned Subsidiary Company of Kaynes Technology India Ltd (Kaynes or Company) has entered into an Asset Purchase Agreement with Fujitsu General Electronics Ltd (Fujitsu Electronics), Iwate, Japan for the acquisition of the identified assets on June 09, 2025, subject to the satisfaction of customary closing conditions.'The deal, signed on June 9, is valued at 1.59 billion yen, equivalent to Rs 85 crore. The identified assets include power module production lines that are expected to enhance Kaynes Technology's capabilities and footprint in the semiconductor manufacturing space, specifically in the power module Semicon will integrate these assets into its operations. The company clarified that 'the transaction does not fall within the ambit of related party transactions,' and emphasized that there will be 'no impact on the management or control' of Kaynes Technology India Tuesday, June 10, shares of Kaynes Technology ended at Rs 5,587.05 on the BSE, down by Rs 65.70 or 1.16%. While the stock has gained 65% over the past year and 30% in the last three months, it has declined 3.5% over the last a technical analysis standpoint, the stock is currently trading below six of its eight key simple moving averages (SMA), including the 5-day, 10-day, 20-day, 30-day, 50-day, and 150-day SMAs. This reflects bearish undertones across both short-term and long-term Relative Strength Index (RSI) stands at 40.6, indicating the stock is neither overbought nor oversold. Meanwhile, the Moving Average Convergence Divergence (MACD) is at -13.6 and continues to stay below its signal and center line — a strong bearish indicator.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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Business Standard
a day ago
- Business
- Business Standard
Nifty guide, June 11: Outlook remains bullish; top breakout stocks in focus
Nifty View Nifty continued its muted move for the second consecutive session by closing flat at 25,104. Positional trend remains bullish with support seen in the band of 24,900-25,000 for Nifty. On the higher side, 25,200 could offer resistance. Track LIVE Stock Market Updates Here Buy JSW Infra CMP ₹311.65 | Target ₹350 | Stop-loss ₹279 The stock price has broken out of a symmetrical triangle pattern on the weekly chart. The price rise was accompanied by a jump in volumes. The stock price has been sustaining above 50 Double Exponential Moving Average (DEMA) and 200 DEMA. Weekly RSI has reached above 50, indicating a sustainable uptrend. Weekly Moving Average Convergence Divergence (MACD) is now placed above the signal and equilibrium line.
Economic Times
2 days ago
- Business
- Economic Times
Reliance Power shares rally 5% to hit new 52-week high
Live Events Technicals show strength (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Reliance Power surged 4.8% on Tuesday to a fresh 52-week high of Rs 67.68 on the BSE, extending a rally that has seen the stock gain 76% over the past month and 173% in the last stock has been buoyed in recent weeks by a combination of project wins, favourable court rulings, equity infusion, and a return to profitability in the March quarter. It rallied 45.5% in May and has gained 10% over the past month, Reliance NU Suntech, a subsidiary of the company, signed a 25-year power purchase agreement (PPA) with SECI for Asia's largest single-location solar and battery energy storage project—930 MW of solar capacity integrated with 465 MW/1,860 MWh of BESS. The project is to be developed over 24 months with an investment of up to Rs 10,000 addition, another subsidiary, Reliance NU Energies, recently secured a 350 MW solar-BESS project from SJVN and signed a commercial term sheet with Bhutan's Druk Holding and Investments Ltd to co-develop the country's largest solar power company's financial position has also improved. In May 2025, Reliance Power raised Rs 348.15 crore via preferential share allotments, issuing 9.55 crore equity shares to its promoter Reliance Infrastructure and 1 crore shares to Basera Home Finance Private the March quarter of FY25, Reliance Power swung to a consolidated net profit of Rs 126 crore, reversing a year-ago loss of Rs 397.56 crore. This turnaround followed cost rationalisation efforts and the equity infusion from the promoter and a public company also received interim relief from the Delhi High Court against a debarment order issued by SECI last year, allowing it to resume participation in new a technical perspective, the stock is trading above all key simple moving averages — from the 5-day to the 200-day — indicating strong Relative Strength Index (RSI) currently stands at 77.1, signaling overbought conditions and a potential pullback. However, the Moving Average Convergence Divergence (MACD) is at 5.4, above both its signal and center lines, supporting the bullish gains of over 2,600% in five years, 389% in three years, and strong recent momentum, Reliance Power remains one of the best-performing power sector stocks on the Street.
The Star
11-05-2025
- Business
- The Star
Bursa Malaysia to maintain positive momentum this week thanks to improving investor sentiment and bullish global market outlook
KUALA LUMPUR (Bernama): Bursa Malaysia is expected to maintain its positive momentum this week, supported by improving investor sentiment and a bullish global market outlook, a dealer said. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng noted that from technical perspective, the FBM KLCI is holding above both the 20-day and 50-day exponential moving averages (EMAs), indicating a bullish short-term bias. "The Moving Average Convergence Divergence (MACD) remains above the signal line, with the histogram expanding positively, signalling rising momentum. These technical indicators suggest a constructive market outlook, with potential for further upside. "Hence, moving forward to next week, we expect the rising momentum to persist with the benchmark index to hover between 1,520 and 1,560, representing the support and resistance levels, respectively,' he told Bernama. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan has maintained a positive view on the FBM KLCI's near-term trajectory, with the recent relief rally likely to continue. "The benchmark index appears set to challenge the 1,555 resistance level-a threshold last tested in early March during a period of heightened tariff speculation-and may even extend toward 1,560 if momentum holds. "Our short-term outlook remains supported by a combination of factors: a less confrontational tone in US-China relations, rising foreign capital inflows into Malaysian assets, and a generally stable ringgit,' he said. The market will also focus on the United States-China trade talks scheduled on May 10 in Geneva, Switzerland. On a Friday-to-Friday basis, the key index gained 4.01 points to 1,546.50 from 1,542.49 a week earlier. The FBM Emas Index gained 30.66 points to 11,520.04, the FBMT 100 Index advanced 28.69 points to 11,285.93, the FBM Emas Shariah Index garnered 85.41 points to 11,475.76, the FBM 70 Index put on 39.16 points to 16,313.70, and the FBM ACE Index rose 33.75 points to 4,682.95. Across sectors, the Industrial Products and Services Index added 2.15 points to 154.44, the Energy Index slipped 1.53 points to 693.44, the Financial Services Index tumbled 185.66 points to 18,055.29, the Plantation Index shed 37.34 points to 7,246.43, and the Healthcare Index slid 53.83 points to 1,888.59. Turnover surged to 14.27 billion units valued at RM11 billion from 10.96 billion units valued at RM8.26 billion in the preceding week. The Main Market volume expanded to 6.95 billion units worth RM10.36 billion compared with 5.61 billion units worth RM7.44 billion previously. Warrants turnover increased to 5.38 billion units worth RM724.18 million from 3.99 billion units worth RM399.64 million a week ago. The ACE Market volume improved to 1.95 billion units valued at RM499.42 million from 1.35 billion units valued at RM411.63 million previously. The market will be closed on Monday for Wesak Day holiday. - Bernama
New Straits Times
11-05-2025
- Business
- New Straits Times
Bursa Malaysia to maintain positive momentum next week
KUALA LUMPUR: Bursa Malaysia is expected to maintain its positive momentum next week, supported by improving investor sentiment and a bullish global market outlook, a dealer said. Rakuten Trade Sdn Bhd equity research vice-president Thong Pak Leng noted that from technical perspective, the FBM KLCI is holding above both the 20-day and 50-day exponential moving averages (EMAs), indicating a bullish short-term bias. "The Moving Average Convergence Divergence (MACD) remains above the signal line, with the histogram expanding positively, signalling rising momentum. These technical indicators suggest a constructive market outlook, with potential for further upside. "Hence, moving forward to next week, we expect the rising momentum to persist with the benchmark index to hover between 1,520 and 1,560, representing the support and resistance levels, respectively," he told Bernama. Meanwhile, UOB Kay Hian Wealth Advisors Sdn Bhd head of investment research Mohd Sedek Jantan has maintained a positive view on the FBM KLCI's near-term trajectory, with the recent relief rally likely to continue. "The benchmark index appears set to challenge the 1,555 resistance level—a threshold last tested in early March during a period of heightened tariff speculation—and may even extend toward 1,560 if momentum holds. "Our short-term outlook remains supported by a combination of factors: a less confrontational tone in US-China relations, rising foreign capital inflows into Malaysian assets, and a generally stable ringgit," he said. The market will also focus on the United States-China trade talks scheduled on May 10 in Geneva, Switzerland. On a Friday-to-Friday basis, the key index gained 4.01 points to 1,546.50 from 1,542.49 a week earlier. The FBM Emas Index gained 30.66 points to 11,520.04, the FBMT 100 Index advanced 28.69 points to 11,285.93, the FBM Emas Shariah Index garnered 85.41 points to 11,475.76, the FBM 70 Index put on 39.16 points to 16,313.70, and the FBM ACE Index rose 33.75 points to 4,682.95. Across sectors, the Industrial Products and Services Index added 2.15 points to 154.44, the Energy Index slipped 1.53 points to 693.44, the Financial Services Index tumbled 185.66 points to 18,055.29, the Plantation Index shed 37.34 points to 7,246.43, and the Healthcare Index slid 53.83 points to 1,888.59. Turnover surged to 14.27 billion units valued at RM11 billion from 10.96 billion units valued at RM8.26 billion in the preceding week. The Main Market volume expanded to 6.95 billion units worth RM10.36 billion compared with 5.61 billion units worth RM7.44 billion previously. Warrants turnover increased to 5.38 billion units worth RM724.18 million from 3.99 billion units worth RM399.64 million a week ago. The ACE Market volume improved to 1.95 billion units valued at RM499.42 million from 1.35 billion units valued at RM411.63 million previously. The market will be closed on Monday for Wesak Day holiday.
