HMT Limited (HMT) Stock - Complete Technical Analysis - Aug 30, 2024

HMT Limited (HMT) Stock Technical Analysis - 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. Let's dive into the technical analysis of HMT Limited (HMT) stock. Currently, the stock is trading at 84.6. We see several technical indicators and patterns to evaluate.

Support and Resistance Levels:

Support Levels: The primary support level is around 67.82, followed by 42.66. The Camarilla support levels are at 88.97, 84.96, and 80.95, while the Fibonacci support levels are at 69.7, 59.37, and 42.66.

Resistance Levels: Key resistance levels are around 111.57 and 130.16. The Camarilla resistance levels are at 96.99, 101.0, and 105.01. The Fibonacci resistance levels are at 103.12, 113.45, and 130.16.

Moving Averages:

Exponential Moving Averages (EMAs): The stock is below its 10-day, 20-day, and 30-day EMAs, indicating a short-term bearish trend. However, it's above the 50-day, 100-day, and 200-day EMAs, suggesting some long-term support.

Simple Moving Averages (SMAs): Similar to the EMAs, the stock is below the 10-day, 20-day, and 30-day SMAs. It is trading above the 50-day, 100-day, and 200-day SMAs.

Pivot Points:

Classic Pivot: The stock's current price is below the classic pivot point of 86.41, indicating a bearish sentiment.

Camarilla Pivot: The current price is near the Camarilla pivot of 86.41, with resistance at 96.99 and support at 84.96.

Fibonacci Pivot: The Fibonacci pivot is at 86.41, with resistance at 103.12 and support at 69.7.

Technical Indicators:

MACD: The MACD is currently positive, which might indicate a potential bullish signal.

RSI: The Relative Strength Index (RSI) is near 47, suggesting the stock is in a neutral zone, neither overbought nor oversold.

Stochastic Oscillator: The Stochastic %K is low, indicating potential oversold conditions.

Average True Range (ATR): The ATR values are decreasing, showing that volatility is low.

Ichimoku Base Line: The stock is trading below the Ichimoku base line of 90.7, suggesting a bearish outlook.

Chart Patterns and Observations:

Momentum: The momentum is negative, indicating a downward trend.

Commodity Channel Index (CCI): The CCI is in negative territory, suggesting weakness in the stock.

Awesome Oscillator: The Awesome Oscillator is negative, reinforcing the bearish sentiment.

Williams Percent Range: This indicator is in the oversold zone, indicating potential for a reversal.

Bull Bear Power: The negative value suggests bearish pressure.

Overall, HMT Limited's technical indicators show a predominantly bearish outlook with some mixed signals. Traders should watch for a potential reversal at key support levels and consider the current resistance levels for profit-taking opportunities.