We Analyzed Azure Power Global Limited ($AZRE) – Here’s What We Found (2019-11-18)

REPORTING FOR 2019-11-18 | LOGISTICS-BUSINESS-REVIEW.COM: We have done an in-depth analysis of how AZRE has been trading over the last 2 weeks and the past day especially. On its latest session, Azure Power Global Limited ($AZRE) opened at 13.05, reaching a high of 13.31 and a low of 12.56 before closing at a price of 13.267. There was a total volume of 20399.

VOLUME INDICATORS FOR AZURE POWER GLOBAL LIMITED ($AZRE): We saw an accumulation-distribution index of 129.77338, an on-balance volume of 13.3, chaikin money flow of 4.76923 and a force index of -0.0385. There was an ease of movement rating of -0.00054, a volume-price trend of 1.58911 and a negative volume index of 1000.0.

VOLATILITY INDICATORS FOR AZURE POWER GLOBAL LIMITED ($AZRE): We noted an average true range of 0.12609, bolinger bands of 13.22997, an upper bollinger band of 12.24003, lower bollinger band of 12.56, a bollinger high band indicator of 1.0, bollinger low band indicator of 1.0, a central keltner channel of 12.97333, high band keltner channel of 12.71333, low band keltner channel of 13.23333, a high band keltner channel indicator of 1.0 and a low band keltner channel indicator of 1.0. There was a donchian channel high band of 12.56, a donchian channel low band of 12.56, a donchian channel high band indicator of 1.0, and a donchian channel low band indicator of 1.0.

TREND INDICATORS FOR AZURE POWER GLOBAL LIMITED ($AZRE): We calculated a Moving Average Convergence Divergence (MACD) of 0.00785, a MACD signal of 0.00436, a MACD difference of 0.00349, a fast Exponential Moving Average (EMA) indicator of 12.56, a slow Exponential Moving Average (EMA) indicator of 12.56, an Average Directional Movement Index (ADX) of unknown, an ADX positive of 20.0, an ADX negative of 20.0, a positive Vortex Indicator (VI) of 1.0, a negative VI of 1.0, a trend vortex difference of 0.05384, a trix of 7.45949, a Mass Index (MI) of 1.0, a Commodity Channel Index (CCI) of 66.66667, a Detrended Price Oscillator (DPO) of -1.34751, a KST Oscillator (KST) of 120.17927 and a KST Oscillator (KST Signal) of 120.17927 (leaving a KST difference of 7.8038). We also found an Ichimoku rating of 13.18, an Ichimoku B rating of 13.18, a Ichimoku visual trend A of 11.6291, an Ichimoku visual trend B of 12.03133, an Aroon Indicator (AI) up of 4.0 and an AI indicator down of 4.0. That left a difference of 4.0.

MOMENTUM INDICATORS FOR AZURE POWER GLOBAL LIMITED ($AZRE): We found a Relative Strength Index (RSI) of 50.0, a Money Flow Index (MFI) of 100.0, a True Strength Index (TSI) of 100.0, an ultimate oscillator of 73.33346, a stochastic oscillator of 288.46154, a stochastic oscillator signal of 288.46154, a Williams %R rating of 188.46154 and an awesome oscillator of 0.01267.

RETURNS FOR AZURE POWER GLOBAL LIMITED ($AZRE): There was a daily return of 12.01793, a daily log return of 2.7485 and a cumulative return of 2.78662.

What the heck does all of this mean? If you are new to technical analysis, the above may be gibberish to you, and that’s OK (though we do advise learning these things). The bottom line is that AS OF 2019-11-18 (if you are reading this later, the analysis will be out of date), here is what our deep analysis of technical indicators are telling us for Azure Power Global Limited ($AZRE)…

DISCLAIMER: We are not registered investment advisers and the above analysis should be taken at face value only. We strongly advise against buying or selling Azure Power Global Limited ($AZRE) based solely on our analysis above, and are not responsible for any losses that you may incur if you choose make any investment decisions based on the above.

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