Max Estates Limited (MAXESTATES) Stock - Complete Technical Analysis - Dec 20, 2024

Max Estates Stock Technical Analysis Support & Resistance Levels Explained MAXESTATES Investment

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.

Max Estates Limited (MAXESTATES) is currently priced at 618.80, which represents an 11.44% drop from its 52-week high of 698.75. On the other hand, it is up by 152.57% from its 52-week low of 245.00, indicating strong recovery. The stock recently formed a spinning top candlestick pattern, signaling indecision among market participants. With a closing price near the open, this pattern suggests that the stock is in a consolidation phase, and traders should be cautious before making significant moves.

The stock is showing bullish momentum as indicated by several technical indicators. The RSI is approaching the overbought zone, which may suggest that the stock could face resistance at higher levels. The Stochastic RSI is also at elevated levels, signaling a possible pullback. The ADX is at 31.06, indicating a strong trend in place, but with the risk of trend exhaustion. The Exponential Moving Averages (EMAs) show mixed signals, with short-term bullishness, but longer-term EMAs trending lower, which could imply potential weakness in the uptrend.

For potential support, traders should look to the 600 level, which is near the stock's 10-period and 20-period EMAs. If the stock holds above this level, there could be further upward momentum, with resistance near 596.35 and the next level at 644.15. If the stock breaks below support, a deeper correction might occur. Overall, investors should exercise caution, watching for confirmation of either a breakout or a pullback before entering any new positions.