Stock of Interest

Posted On: September 15, 2023

Stock Report: ONWARDTEC(NSE) 14 Sep 2023

Onward Technologies Ltd is an Indian company that is engaged in the sale of user license software, professional services, consultancy services, training, and others. Its business activities include product design, simulation engineering, automation solutions, engineering change management, and others. It has one operating segment which is Engineering Design and IT services. Most of the company’s revenue comes from India. It also operates outside India.

#xCalData predicts that # ONWARDTEC will continue its bearish phase over the next five days and trend within the range of 538 to 599.     

In comparison to the previous month, the price of the stock has experienced a decline of 4.45% indicating a bearish.

The Stock has doubled thrice since 26 Mar 2015 and took an average of 2.4 years to double.

The stock has not shown seasonality trend in the past. 

Reviewing the returns for the past 5 years for the same week, we see the stock has given negative returns in 2 years in the past. 

Majority of the technical ratios trend towards Bearish side of the spectrum. Only some of the technical indicators namely Relative Strength indicate Bullish view. 

Collectively, xCalData suggests the stock would be in Bearish zone for next 5 days. 

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