Mufin Green Finance Limited (MUFIN) Stock - Complete Technical Analysis - Aug 30, 2024

Mufin Green Finance 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. Let's delve into the technical analysis of Mufin Green Finance Limited (MUFIN) stock. Currently trading at 128, this stock has various technical indicators that provide insight into its market position.

Support and Resistance Levels:

Support Levels: The stock has key support around 114.72, as indicated by the Classic Pivot, and slightly below at 106.97, based on the Fibonacci Pivot. Further support can be seen at 94.43, also from the Fibonacci Pivot.

Resistance Levels: On the upside, resistance is observed at 135.01, which aligns with both the Classic and Fibonacci Pivot points. Additional resistance can be expected around 143.53, based on the Woodie Pivot R3.

Technical Indicators:

MACD: The MACD level is positive, suggesting a bullish trend.

RSI: The Relative Strength Index is in a neutral zone, indicating that the stock is neither overbought nor oversold.

ADX: The Average Directional Index is showing strength in the trend, suggesting a strong trend direction.

Stochastic Indicators: The Stochastic %K is below the overbought threshold, while the Stochastic RSI Fast is in the lower range, indicating potential for price recovery.

Moving Averages: Short-term moving averages like the 10-period EMA and SMA are slightly above the current price, suggesting minor resistance. However, longer-term averages like the 200-day EMA indicate a downtrend.

Chart Patterns and Observations:

Pivot Points: The Classic, Camarilla, Fibonacci, and Woodie pivot points all offer insights into potential price levels where the stock may find support or resistance.

ATR: The Average True Range indicates moderate volatility, suggesting that traders should be cautious of price swings.

In summary, MUFIN stock is experiencing a consolidation phase with critical support at 114.72 and resistance at 135.01. The technical indicators suggest a mixed outlook with a bullish MACD and neutral RSI. Traders should monitor these levels closely for potential trading opportunities.