SML Isuzu Limited (SMLISUZU) Stock - Complete Technical Analysis - Aug 30, 2024

SML Isuzu Technical 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. Analyzing SML Isuzu Limited (SMLISUZU), we observe several key technical indicators. The stock is currently trading at approximately 2073.45, down 16.39% from its 52-week high of 2480.0 and up 81.25% from its 52-week low of 1144.0.

The MACD is in negative territory, suggesting a bearish trend. The RSI is hovering around the neutral zone, indicating that the stock is neither overbought nor oversold. The ADX, being relatively low, shows a weak trend, which could suggest a period of consolidation.

Support levels can be identified at Classic Pivot S1 of 1988.22 and Fibonacci S1 of 1983.88. If the price drops further, significant support might be found at Classic Pivot S2 of 1749.78 and Woodie Pivot S2 of 1783.2.

On the resistance side, Classic Pivot R1 stands at 2367.02 and Woodie Pivot R1 at 2433.85. If the price pushes higher, key resistance levels could be at Classic Pivot R2 of 2507.38 and Woodie Pivot R2 of 2540.8.

Moving averages show the stock trading below the 50-day and 100-day EMA, suggesting a bearish short to medium-term outlook. The Ichimoku Base Line is significantly above the current price, reinforcing the bearish sentiment.

Volume Weighted Moving Average and Hull Moving Average also indicate a bearish trend. The ATR is showing increased volatility, which could lead to significant price swings.

Overall, the technical picture for SML Isuzu Limited suggests caution, with key levels to watch being the support around 1988.22 and resistance near 2367.02. Traders should be mindful of the current bearish indicators and monitor for potential breakout or breakdown signals.