Themis Medicare Limited (THEMISMED) Stock - Complete Technical Analysis - Aug 30, 2024

Themis Medicare 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 dive into the technical analysis for Themis Medicare Limited (THEMISMED) stock.

Current Price: 252

52-Week High: 1971.65 (currently -87.19% from high)

52-Week Low: 142.0 (currently 77.82% from low)

Support and Resistance Levels:

Classic Pivot Point: 240.71

Resistance Levels: R1 at 282.86, R2 at 314.51, R3 at 388.31

Support Levels: S1 at 209.06, S2 at 166.91, S3 at 93.11

Camarilla Pivot Point: 240.71

Resistance Levels: R1 at 257.99, R2 at 264.75, R3 at 271.52

Support Levels: S1 at 244.45, S2 at 237.69, S3 at 230.92

Fibonacci Pivot Point: 240.71

Resistance Levels: R1 at 268.9, R2 at 286.32, R3 at 314.51

Support Levels: S1 at 212.52, S2 at 195.1, S3 at 166.91

Woodie Pivot Point: 245.2

Resistance Levels: R1 at 291.85, R2 at 319.0, R3 at 365.65

Support Levels: S1 at 218.05, S2 at 171.4, S3 at 144.25

Technical Indicators:

Relative Strength Index (RSI): Neutral at 52.47

MACD: Positive, indicating bullish momentum

Stochastic %K: Bullish at 55.66

Stochastic RSI: Bearish, but approaching oversold levels

Average Directional Index (ADX): Low, suggesting a weak trend

Commodity Channel Index (CCI): Neutral at 11.76

Awesome Oscillator: Positive at 13.13, supporting bullish sentiment

Williams Percent Range: Bearish at -52.17

Bull Bear Power: Negative at -2.82

Ultimate Oscillator: Neutral at 37.91

Moving Averages:

Exponential Moving Averages (EMAs): Currently, the stock is trading below the 10-day EMA of 256.99, suggesting short-term weakness. However, it's above the longer-term EMAs, indicating a longer-term uptrend.

Simple Moving Averages (SMAs): The stock is trading near the 20-day SMA of 250.72 and above the 50-day SMA of 236.58, reflecting a potential for support.

Chart Patterns and Observations:

Volume Weighted Moving Average (VWMA): 256.69, providing a level of resistance

Hull Moving Average (HMA): 254.65, indicating potential support

Ichimoku Base Line: 253.63, close to the current price, providing a level of support

Volatility:

The Average True Range (ATR) indicates high volatility, with recent values fluctuating significantly, suggesting potential for both large up and down movements.

In summary, Themis Medicare Limited is currently trading at significant levels of support and resistance, with mixed technical signals. Traders should watch key levels around the classic pivot point and the short-term moving averages for potential price action. The stock shows high volatility, and investors should be prepared for rapid price changes.