Expleo Solutions Limited (EXPLEOSOL) Stock - Complete Technical Analysis - Sep 13, 2024

Expleo Solutions Limited (EXPLEOSOL) Stock Analysis: Support, Resistance & Trend Indicators Explai

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. Expleo Solutions Limited (EXPLEOSOL) is currently trading at 1,351, just 11.42% below its 52-week high of 1,523.65 and 17.78% above its 52-week low of 1,145.90. The stock has recently formed an Inside Candle pattern, indicating potential for a breakout from the recent trading range between 1,291.2 and 1,368.0.

Support and Resistance Levels:

Support Levels: Key support is observed at the 20-day EMA of 1,323.98 and the 50-day SMA of 1,303.07. The lower supports include the 200-day EMA at 1,315.39 and the Classic Pivot S1 at 1,280.4.

Resistance Levels: Immediate resistance is seen near the 10-day EMA at 1,326.25 and the Classic Pivot R1 at 1,448.2. Higher resistance can be found at the Fibonacci Pivot R2 of 1,448.4 and the 52-week high of 1,523.65.

Technical Indicators:

MACD: The MACD is above its signal line, suggesting a bullish trend.

RSI: The RSI is around 55, indicating neutral to slightly bullish momentum.

ADX: The ADX at 16.79 shows a weak trend strength, suggesting the current trend is not very strong.

Stochastic Oscillator: The Stochastic %K is at 23.51, indicating that the stock may be oversold and could be due for a bounce.

Awesome Oscillator: The Awesome Oscillator is positive, reflecting bullish momentum.

Williams Percent Range: The Williams %R is at -51.33, showing that the stock is in a neutral range.

Moving Averages:

The stock price is trading above the short-term moving averages but below the longer-term moving averages, suggesting a consolidation phase.

Overall, the stock appears to be consolidating within a defined range with potential breakout levels both above and below. Traders should monitor the key support and resistance levels and be aware of the potential for a breakout from the Inside Candle pattern.