Suven Life Sciences Limited (SUVEN) Stock - Complete Technical Analysis - Aug 30, 2024

"Suven Life Sciences (SUVEN) Stock Analysis: Key Support

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Suven Life Sciences Limited (SUVEN) is currently trading at 143, showing an interesting technical setup. The stock is experiencing indecision as indicated by today's Spinning Top candle, with a close at 142.66, a high of 147.5, a low of 141.17, and an open at 143.88.

Support and Resistance Levels:

Classic Pivot Points:

Pivot Point (P): 133.23

Resistance 1 (R1): 163.13

Resistance 2 (R2): 182.5

Resistance 3 (R3): 231.77

Support 1 (S1): 113.86

Support 2 (S2): 83.96

Support 3 (S3): 34.69

Camarilla Pivot Points:

Pivot Point (P): 133.23

Resistance 1 (R1): 148.29

Resistance 2 (R2): 152.8

Resistance 3 (R3): 157.32

Support 1 (S1): 139.25

Support 2 (S2): 134.74

Support 3 (S3): 130.22

Technical Indicators:

Moving Averages:

The stock is trading below its Short-Term Simple Moving Averages (SMA) with the 10-day SMA at 148.05 and 20-day SMA at 140.91, but above the longer-term SMAs.

Exponential Moving Averages (EMA) indicate a similar trend with the 10-day EMA at 145.64 and the 20-day EMA at 142.5.

Average Directional Index (ADX): The ADX stands at 24.31, suggesting a moderately strong trend.

Relative Strength Index (RSI): At 52.63, RSI indicates that the stock is in a neutral zone, not overbought or oversold.

MACD: The MACD level is at 4.65, reflecting bullish momentum.

Stochastic Oscillator: The %K is at 59.71, and the Stochastic RSI Fast is at 45.79, indicating bullish momentum but with room for volatility.

Other Indicators:

Awesome Oscillator: Positive at 10.24, suggesting bullish momentum.

Williams Percent Range: At -45.47, indicating the stock is not in the oversold zone.

Ultimate Oscillator: At 41.02, showing a neutral stance.

Chart Pattern:

The Spinning Top candle suggests market indecision, with the price currently trading 11.39% below its 52-week high of 161 and 134.83% above its 52-week low of 60.75.

Overall, Suven Life Sciences is in a period of consolidation with technical indicators showing mixed signals. Traders should watch key support levels around 113.86 and resistance levels around 163.13 for potential trading opportunities.